This presentation is really encouraging. Glad to see progress towards refinancing. I agree with the sentiments on here that refinancing (along with additional projects) will lead to a re-rating. Also, great buying price at the moment (even post CR).
I'd be interested to see if anyone has run the numbers on possible future project costs. Using rough costs of $2 mil per MW of wind generation:
I would expect it to be moderately cheaper (especially at this solar farm can use existing power infrastructure to connect to grid:
Capital Solar (50MW) ($75 - 100 mil)
Any thoughts on which projects would be next? With $214.6 mil in cash (excluding funds for Bodangora), I wonder if IFN would take on a 50-50 debt/cash approach to new projects? Of all things, this is what I'm hoping to see after the company refinances its debt (strategy to financing new projects)
Baron
IFN Price at posting:
90.5¢ Sentiment: Buy Disclosure: Held
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