$151m CR. I think the market can digest that much at 89c. The higher FY17 profit estimate is welcome.
From this, we should see:
Construction of another four shovel-ready projects, note Flyers Creek has only 'intermediate' connection status
Refinance of the Global loan facility on better terms at a significantly lower i rate
Removal of the loan impediment to dividends - don't hold your breath.
Bodangora is 113Mw, the next four ~315Mw = 425Mw.
That plus existing 557Mw capacity = 987Mw.
A sizeable business indeed, sometime 2H18 or 1H19.
Stick some batteries into this equation and IFN is worth a motza.
Ash
IFN Price at posting:
$1.01 Sentiment: Buy Disclosure: Held
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