Oh dear, another cherry-picking "summary" of TII's view. Once again, I do not propose to reply to it in detail - in fairness, if you want to know what a paid investment newletter says, you should pay the money or go without - but let's at least be clear about one or two of the main missing facts which have been "conveniently" left out of some posts above.
1: The 14c valuation is *after* the (hypothetical) loss of the US assets, and *after* paying out the maximum possible claim. So it is a worst possible case value.
2: Assuming (for the moment) that the 23 windfarms do not generate enough revenue to service the debt (which is by no means a given), the company has other income (which may be enough to do the trick); is free to sell assets to raise the cash (it has lots of assets); and is (if needed) free to raise fresh capital - the value of that 23 farm asset is large compared to the value of the remaining loans, so it would make sense to do that if it was needed.
Disclosure: Not holding. I have put my sentiment as "none" but that might change to "speculative/long-term buy" if the price goes much lower.
IFN Price at posting:
25.0¢ Sentiment: None Disclosure: Not Held
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