"Infigen and its development partner have also reached an in-principle agreement for Infigen to acquire its development partner’s 50% equity interest in Bodangora for an agreed amount.
"That transaction is intended to be completed prior to financial close.
"As a result, Infigen will own 100% of the Bodangora project and be responsible for the equity component of construction funding, which can be funded from existing cash reserves.
No problem. I would prefer IFN own the project entirely and enjoy all revenues. Strong cashflow in the last year or so makes this possible without borrowing.
A 20% increase in generating capacity is very welcome. Prepare for a re-rate of the share price. Up.
Ash
IFN Price at posting:
96.5¢ Sentiment: Buy Disclosure: Held
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