COB on the first day of the new government and IFN turnover was 1.95m shares vs an average 750k a day. And look, the price up 8%. Yes, half the rise was in the after-close transfers, but they were good sized parcels exchanging too.
PM Turnbull can't abruptly ditch the heavily argued stance of the Abbott government, but there will be change by the slice.
If the Turnbull government wants shovel-ready infrastructure projects, there are a few right here. Bodangora and Forsayth have been joint ventured to be self-funding and chould proceed promptly. Cherry Tree is likely ready to go too.
IFN has been paralysed by debt for years, then this wonderful method of pulling electricity out of the sky was demonised by Abbott and Hockey for destroying cow paddock aesthetics. This is now over. The SP can only go one way.
Proceed, Miles George.
IFN Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
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