Happy with the approach myself. IFN are working on low hanging fruit to ensure go switches are ready when the risk reduces. Cash to debt looks manageable even with a moderate downturn on the next 12 months. I am hoping IFN contracts to data centres though as they will be chewing through juice supporting online working.
More people will be heating their homes during the lock down as well which I would think is less efficient than large buildings so as winter rolls into the southern states I would think that might raise the electricity usage higher than normal as well.
The recent energizing of Cherry tree seemed to coincide with the recent jump in SP as well as a general market uptick(of false optimism in my view) so maybe that has been seen by some a a trigger for accumulation?
I don't mind the fall back today - I was hoping to grab another trading parcel. GLTAH
IFN Price at posting:
57.5¢ Sentiment: Buy Disclosure: Held
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