Earlier reports that expansion of Ram’s San Jacinto-Tizate geothermal project in Nicaragua is delayed and over budget had already cut 20% off the stock’s value. After opening the year at C$2.21 ($2.23), Ram shares closed at C$1.35 on 22 February.
Board member Walter Higgins will serve as interim president and chief executive until a successor is found.
In an interview with Recharge, Ram says he left because “I did not like the way the board was running the company”.
“Small
