Just half a year ago Ram Power (OTCPK:RAMPF) was proclaimed to be "Dollar Bills On Sale For 15 Cents" in this article. Since then the company became even cheaper and currently trades at $0.07. In this article I will investigate reasons behind the recent price drop and evaluate whether there is still upside remaining for investors.
Ram Power is a renewable energy company focused on geothermal power projects. Its main and the only operating asset is a geothermal power plant in Nicaragua - San Jacinto. This project has capacity of 72MW (with potential expansion to 82MW through Binary Unit) and power purchase agreement with Nicaraguan electricity utility to sell up to 72MW of electricity till...
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