Rick Rule, Chairman of Sprott US Holdings, discusses what can often go wrong when financing speculative resource companies. Management teams at those companies may arrange corporate policies in their own favor, ahead of the interests of shareholders. Rule further explains the best methods to protect oneself from such occurrences.
TOPICS IN THIS INTERVIEW:00:52 Forewarned is Forearmed06:08 Common Areas of Corporate Indiscretion: "Mission Drift"07:41 "Change of Control Provisions"09:18 "General & Administrative Expenses"11:25 "Success Fees"14:38 How To Avoid Getting 'Beat Up' By Management
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries.