Over their long careers working both as geologists and investors, Acorn Capital's Rick Squire and Karina Bader have developed a few rules of thumb about investing in the resources sector.
If a financier, accountant or lawyer is running a junior explorer, be concerned. And someone who has made a discovery has a better chance of doing it again – but still needs funds, persistence and luck.
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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
