RE: Bankruptcy
"Also, they (Sprott) did not participate in the recent financing." Wrong
Rick Rule and his brokerage are part of Sprott Inc. They and their clients participated in the recent financing. They put more skin in the game, there's no parachute for anyone if the projects don't work.
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"I bet that Sprott and co have claim to the SJT assets." Wrong
The claims on SJT belong to the project lenders. The Sprott/Rule $50 million credit facility is secured by the assets at Orita, Geysers, etc.
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"In my opinion, Sprott and co did not extend further debt financing to RPG because . . ." Wrong
The recent prospectus reveals that Ram is in negotiations with Sprott/RR for further bridge loan financing.
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Then again, why should I nitpick, why should facts get in the way of a good conspiracy theory?