RE: Iron Redox Flow Battery Technology27 Jul 2020 17:17
SCoutsS, brutal. But still interesting to hear. The battery energy sector is heavily funded by Government one way or another. (Several of the last few jobs I have had in this sector have involved government grants). Another good reason to be invested, Im sure more projects and money will be picked up in the near future as the Tories pull out all the stops to keep the plates spinning. I must say, I had not looked too closely at the previous history of this company, and personally not too worried about past history. I see a lot of potential in the technology, and these are very expensive items. They will only need a few project wins to make a good profit. The business model here is going to be providing a lot of equipment for a single project (batteries, inverters, installation etc). I dont have that much invested here at the moment, if I make a profit I will increase my holding that is my strategy. Prepared for SP to go a little under £1, but at the moment also encouraged that the ask has not dropped much from my 1.15 buy. I am happy to give them time to prove themselves, but please keep your views coming, sounds like you have looked at the financials / individuals a little more than me.