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Ram Power, Corp. Message Board

  • canal_blvd canal_blvd Aug 13, 2013 2:53 PM Flag

    comment from seeking alpha

    this is the guy who wrote the recent bullish article for RAMPF... seems the sell-off on the earnings is a little overdone... i originally bought at .16 on the bullish article and had a nice quick profit... i'll continue to hold and may add some more down here at .15

    Keubiko's comment:

    "I was disappointed with the Q2 report - The biggest dissappointment was the stabilization at 53MW - it should have been higher and now the 9-14MW remediation is needed just to get to the 65 MW range. Assuming they can't get higher than that it will ding the NAV but not by a massive amount. I haven't re-run the numbers but the thesis should be intact provided the 53 MW is indeed stable and the remediation is successful - it should be as one of the wells was a former producer so I don't see a ton of risk there.

    The analysts seem to be disappointed with Geysers and the write-down. Some fool (Raymond James I think) even valued it at $70 million. I valued it at zero and see the $6.4M net price as a windfall - partially offsetting the disappointing MW production.

    I'm also thinking if they move ahead with the binary unity then it might fall under their 72MW PPA - e.g. 53MW + 9MW remediation + 10MW binary = 72MW.

    Sentiment: Buy

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RAMPF
0.0050.000(0.00%)May 18 10:22 AMEDT