RFX 4.00% 5.2¢ redflow limited

Hi guys, some great commentary here. I took a position Friday...

  1. 539 Posts.
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    Hi guys, some great commentary here. I took a position Friday (not at the best price) as I think the China announcement is a big positive despite not being a sale, Its a foot in the door to a huge growing market. "ZbestPower CEO Luke Lu said the collaboration with Redflow would deepen his company’s understanding of the potential for ZBM2 batteries in China: “Flow battery technology has been identified as a vital part of China’s energy storage future. We value the opportunity to work with Redflow, which is recognised as the world leader in zinc-bromine flow battery technology, to support the energy needs of China.”
    As pointed out there are challenges to overcome but when things start to come together they could get some serious market attention.
    I will keep some powder dry to average down if the sp drops some more. I look forward to seeing what management can acheive with an increased cash position. I hope the offer is well subscribed after all money makes money..
 
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