Continued selling pressure post the rights issue has pushed the SP to a fraction above the issue price. I don't think this trend is over.
I see two catalysts that can reverse this: commitment to a second wind farm project, or, a successful refinance.
Today's slides point to refinance happening hopefully in H1FY18 - sometime from July to Christmas.
The other, announcing Cherry Tree, Capital, Forsayth or Flyers Creek is in IFN's control.
We shall see.
Ash
Continued selling pressure post the rights issue has pushed the...
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Last
$1.20 |
Change
0.000(0.00%) |
Mkt cap ! $162.1M | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.20 | $1.20 | $12.63K | 10.52K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2420 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 14668 | 1 |
View Market Depth
| Last trade - 14.54pm 25/07/2025 (20 minute delay) ? |
| IFN (ASX) Chart |