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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 Sep 19, 2011 11:22am
223 Views
Post# 19057272

RE: RE: RE: RE: RE: RE: RE: Any reason????

RE: RE: RE: RE: RE: RE: RE: Any reason????I know the company's turned around. I know they are relatively cash-rich, with $17 million from the SJT1 projects, $104 million from the SJT2 project loans, and $30 million or so left from the financing. And there are no major drilling programs right now on any of the company's projects--drilling's how they blow money quickly. I don't see any reason for a financing, unless SJT 1 doesn't come online and produce cash effectively.
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All that said, it seems like the stock price will go to unimaginably low levels. There are a lot of current RPG shareholders who want desperately not to be shareholders anymore, for various reasons. The potential buyers are sitting on the sidelines, in a cash crunch because of the market or just waiting for even better prices. So could we see 25 cents? 20 cents? 10 cents? 5 cents? It's horrifying but it seems like that's the trend until the trend is broken.
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