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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 OneEyeon Jun 16, 2015 10:24am
65 Views
Post# 23834968

RE:RE:RE:RE:Volume

RE:RE:RE:RE:VolumeCos, You keep making the same mistake; confusing heat-in-place reservoir estimates with actual commercial steam extraction. There are NOT 300 megawatts of producible steam at the SJT site. That is a fact - if there were, they wouldn't still be struggling to produce 60 megawatts. If you haven't learned anything by now, you should figure out exactly what a reservoir estimate is telling you. You can have hundreds of megawatts of heat-in-place and zero commercial power generation . Drilling (again and again) to reach 70 megawatts will be a challenge IMO. What is apparent, is the debt holders (large share holders) and possibly even the "new" investors (hiding behind a new name) are one in the same group. They took out the common share holders and now control the asset - which is or will be for sale if they can make a buck. The silence from the new management led by a former banker from Sprott (can you say Rick Rule) is shouting from the rooftop that it is true. None of the shoppers wanted to touch this asset or company until it was cleaned up financially and it isn't there yet. If Ram had sold the SJT asset, they would have gone bankrupt as a company. If someone had purchased Ram, with the corporate debt held by the large shareholders, the new owners would have to pay them off. It was a lose-lose situation for the common shareholder due to gross mismanagement. Stupidity and arrogance are not illegal, but fatal for the commons. I expect only one drilling rig will be used since the mobilization cost to get a large rig to Nic is very high. As you say, time will tell. OE
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