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Polaris Renewable Energy Inc T.PIF

Alternate Symbol(s):  RAMPF

Polaris Renewable Energy Inc. is engaged in the acquisition, development and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) geothermal facility in Nicaragua, three run-of-river hydroelectric facilities in Peru, with a combined capacity of approximately 33 MW, a 25 MW solar plant facility in Dominican Republic, a six MW run-of-river hydroelectric facility in Ecuador and a 10 MW solar plant in Panama. Through its subsidiary, Emerald Solar Energy SRL, it operates the Canoa I Solar Park located in the Barahona Province, Dominican Republic. Its San Jacinto-Tizate Geothermal plant is located in northwestern Nicaragua, in the sire of San Jacinto, municipality of Telica, 20 kilometers from the city of Leon. Its Vista Hermosa Solar Parks are located in the village of Vista Hermosa, Corregimiento de Pueblos Unidos, Aguadulce district, Cocle Province. Through its subsidiary Generacion Andina SAC, it owns 8 de Agosto, a Run of River hydroelectric operation.


TSX:PIF - Post by User

Comment by greenandgoldon Apr 11, 2011 11:47am
347 Views
Post# 18413674

RE: RE: Rick Rule

RE: RE: Rick RuleI repeat, there's no reason to worry about a takeover when the stock is this cheap. Every utility in North America would like to buy Ram's extensive pipeline of renewable energy and credits for $160 million, it's chump change for most large utilities, who build nuclear plants for billions of dollars. But it's not happening! Ram's board and the major insider shareholders have to agree to being taken over. They won't be tempted by an offer under $5 per share.
 *
They've spent $400 million and counting on their properties, why would they sell themselves for $160 million? Doesn't make a lick of sense. The only thing to do is to push on and realize the full potential of their properties. They spent the $400 million because they see a clear path to developing a portfolio that will be worth billions.
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