LGC prices, page-28

It's the break fees on current debt interest rate and FX hedging that negate savings lower interest rates on refinanced debt. When the maths makes sense they'll refinance. Until then take comfort knowing that IFN is literally spinning off plenty of free cash flow that is paying down debt and therefore increasing shareholder equity.

The share price doesn't reflect this triviality which is super annoying. But it's presented me with an opportunity to increase my holdings to well over 1 million units and I continue to increase with my own free cash flow whilst prices stay this low.

Future catalysts as I expect them to happen:

1 - Refinancing

2 - NEG blocking by either (or both) Jay Weatherill from SA and Shane Rattenbury from the ACT. The government needs unanimous COAG support. I have spoken to Shane Rattenbury about this and am convinced that he will not agree to it and I think Weatherill will not agree to it either. This will help repair the damaged sentiment regarding renewables and the effects of NEG (not that the effects were too bad in my opinion anyway)

3 - Federal election. I'm no fan of that union hack Shorten, but it's looking increasingly likely that Labor will win and they have a very clear pro-renewables agenda. This will be huge for the renewables sector and therefore for IFN

4 - A leftfield announcement (a new project kicks off, IFN starts using batteries, ???)