Anyone who is considering buying into RFX today should read this thread from start to finish. It will let you know who the genuine investors are, and who the shameless uprampers are/were.
I commend those who have been able to change their mind on their investment since. It is not an easy thing to do psychologically when you have argued one side for so long, but in the near term it will save you a vast amount of capital.
IMO this is not the bottom. As tempting as it may be to think that you can buy now and the SP will bounce back to 50c plus, I can almost guarantee that will not happen in the next 6 months.
Facts now are that the soft roll-out is to continue, and there is likely to be another significant capital raise and dilution of shareholder wealth before the full roll out can begin.
The LSB option has now been canned, the production capacity of Flex is not anywhere near that which was hoped for 6 months ago and you simply must ask yourself what good news can possibly arrive for shareholders between now and full production roll-out?
You cant sell batteries you don't have, and by RFX kicking the can down the road for another six months, competitors like Tesla will continue to improve their own products and decrease their costs down the price curve.
I mentioned last week that I no longer consider RFX even a potential investment anymore based on the fundamentals of their position in the market.
@FastSell was ridiculed for pointing to 15c SP as a possible target and people were attacking him left right and centre. I don't think his prediction will end up too far off the mark.
You can also see the way
@NewEconomy was flooding the thread with upramping that had no basis in fact but was only to promote the popular view. Strange that he has gone so quiet now.
You should spend your money on a battery if you like redflow, not on their shares.
All IMO, DYOR.
. Based on the graph below, Tesla have got the cost per warranted kwh down to (or in some states, even lower than) market rates.
