I see it a rational step that takes an opportunity for firming that is available straight away.
I agree with Ash that a battery would be attractive but then IFN would miss at least 3 months of firming opportunity. This is at least allowing flexibility and with the lack of Govt policy I suspect flexibility is the name of the game. If its any consolation Ash I am underwater right now but have recently bought parcels at 46 and 47 to dilute and prepare for the recent resource additions to be felt in the top and hopefully bottom line. Results time should see some re-rate. I don't think the broader market gets the idea that the cost of wind energy is not related to oil/gas/coal supply. Debt cost and op costs are the only overheads to come into the equation. Income does relate to energy costs more broadly but the sales cash generation will start to pull way from debt cost more noticeably in the next couple of years IMHO.
GLTAH
IFN Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
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