Just to offer a thought. Perhaps the weakness in IFN SP has been due to concern over the forthcoming policy discussion (and uncertainty) over a LET.
My reading on this today suggests that the LET would, in short, be an extension of the underlying RET principle but expended more broadly to 'low emission' (not 'no emission') technology. At worst, this would lead to some medium/long-term dilution in LGC prices, noting the LET would probably not be implemented until 2020.
While IFN has a portfolio of development projects, I think we are all looking for news on the restructure of IFN's borrowing. It strikes me now is the time for rubber to hit the road on these projects (good to see the discussion re: QL government and possible expansion of Forsayth).
Baron
IFN Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
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