In one of the quarterly updates, i did specifically ask Tim about our phone tower strategy and why no more sales, particuarly in South Africa.
This is not word for word, but he indicated that the time frames regarding decisions and installation was too lengthy/costly and Redflow purposely decided that there were other opportunities worth targeting.
I got a sense that as the market opened up other opportunities started to present themselves. Nothing wrong with that and shows flexibility and in my mind, rather that flogging a dead horse.
I also expect that the political climate was perhaps not conducive to do business in South Africa compared to other interested countries. Speculation on my part only.
He also mentioned that the batteries were still operational.
Anyway, my two bobs worth -again.
IMO
RFX Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
