RPG Continues to Grow

Adrian Day's Global Analyst (06/01/2010)
"Another buy on our list is recently added geothermal company, Ram Power. It is a strong buy here. Ram is growing, with an agreement to acquire a smaller geothermal outfit, Sierra. The deal is at a great price and brings a large land-bank of development projects in the U.S. Ram has the ability to move these forward, which will entitle it to the green energy grants on at least three of them this year. Several other projects are under exploration and development work at present.

Ram has strong management, a solid balance sheet and the necessary scale with multiple projects in various stages of development to enable them to be successful."

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