Thanks baron. IFN's raising materials make it clear they want to refinance, are confident it can be done, though they cannot be certain of lender agreement.
The high cost and restrictive covenants on the existing global facility has paralysed this company for years. The CR is the way out.
Once this is done, a lot of things become possible, up to and including the commencement of dividends in a year or two.
The VIC and ACT governments are very supportive of renewables and can be expected to ease the way on construction of Capital Solar and Cherry Tree. i wouldn't be surprised to see Capital 2 wind project advanced as well.
There is also very cheap money available through the Australian Government's Clean Energy Finance Corporation for wind farm development.
Exciting times.
Ash
IFN Price at posting:
$1.03 Sentiment: Buy Disclosure: Held
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