When considering the IFN share price I feel like I'm the only one noticing that LGC prices have recovered from their sub $80 level over the last few months. LGC pricing made a nice jump from $81.00 to $83.25 overnight but IFN traders don't seem to have noted this.
Decent LGC pricing coupled with strong electricity pricing that we hear about on the news every night means that IFN is generating plenty of cashflow at the moment.
I guess the market is still concerned regarding government policy decisions (or lack thereof) and impatient regarding the refinancing of IFN's exisitng debt facility.
IFN Price at posting:
75.0¢ Sentiment: Buy Disclosure: Held
