Interest of a multinational private equity business is very promising. These organisations generally buy an undervalued business with potential and invest in it and work to make it really hum with a view to later selling for a profit.
They generally operate on a longer term (7-year I'm told) time horizon, so IFN for me just became a good long-term hold.
Bodangora should be finished in August 18 as well. Potential of a Labor government which might have an energy policy platform more favourable on renewables next year. Very bullish on IFN now.
IFN Price at posting:
71.0¢ Sentiment: Buy Disclosure: Held
