Talking Money To Us | Moneghetti Minerals – Anna Nahajski-Staples and Dr Karen Lloyd

HOSTS Candice Bourke & Felicity Thomas|24 September, 2021

Meet your hosts

  • Candice Bourke

    Candice Bourke is a Senior Investment Adviser with over six years' experience in capital markets and wealth management, specialising in investment advice including equities, listed fixed interest, ethical investing, portfolio risk management and lombard loans. She discovered her passion for finance and baguettes, when working and living in France, and soon afterwards started her own business (all before the age of 23). Candice is passionate about financial literacy for women which lead her to co found Her Financial Network, and in her downtime, you’ll find her doing any of the following: surfing, skiing, reading a book by the fire, or walking her black lab, Cooper, with a soy cappuccino in hand.
  • Felicity Thomas

    Felicity Thomas is a Senior Private Wealth Adviser with over nine years experience in wealth management and strategic financial planning, covering areas including Australian and Global equities, portfolio construction and risk management, bonds, fixed interest, lombard loans, margin lending , insurance, superannuation and SMSFs. Felicity started her career in finance at BT Financial Group, speaking to customers about their superannuation and investments. This led to the realisation becoming a Financial Advisor would be the perfect marriage of her skills and interests - interpersonal relationships and economics. She is passionate about improving women’s access to financial resources and professionals, and co founded Her Financial Network. On the weekends you’ll find her on the beach, or going for an adventure with her black cavoodle, Loki.

Felicity and Candice welcome Managing Director Anna Nahajski-Staples and Technical Director Dr Karen Lloyd of Moneghetti Minerals to Talk Money To Me. Moneghetti Minerals Limited are a gold exploration and development company, focused on high-grade, scalable discovery opportunities in the best mining jurisdictions in the world – those being in Nevada US and locally here in Western Australia. In this conversation, they discuss the future of the gold sector, the idea of responsibly sourced gold, and chat about their pre-IPO process and the future of Moneghetti.

Follow Talk Money To Me on Instagram, or send Candice and Felicity an email with all your thoughts here.

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In the spirit of reconciliation, Equity Mates Media and the hosts of Talk Money To Me acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. 

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In the spirit of reconciliation, Equity Mates Media and the hosts of Talk Money To Me acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. 

Candice: [00:00:04] Welcome to talk money to me. I'm Candice Bourke.

Felicity: [00:00:07] And I'm Felicity Thomas, Talk Money to Me is a podcast where we draw on our extensive expertise and experience to help educate you on all aspects of your financial landscape. In last week's episode, we gave background information on what pre-IPO investing entails and what to look out for when considering investing in pre-IPO opportunities. So today we thought we'd welcome two very special guests from Moneghetti Mineral's to talk about their personal experience and knowledge of this pre-IPO process. Welcome to managing director Anna Nahajski-Staples and technical director Dr. Karen Lloyd. 

Anna Nahajski-Staples: [00:00:42] Yeah, thanks. Thanks, Felicity and Candace. Thanks for having us on the show. 

Felicity: [00:00:46] Moneghetti Minerals is a company who recently completed their pre-IPO fundraising round. So we thought they'd be the perfect guest to talk about this topic today. We actually recommend catching up with last week's episode before you listen to this episode. But if you know exactly what pre-IPO means and want to jump straight in, don't let us stop you. So who are Moneghetti Minerals? Well, there are gold exploration and development company focussed on high grade, scalable discovery opportunities in the best mining jurisdictions in the world, those being Nevada, in the U.S. and locally here in Western Australia. We first came across Moneghetti Minerals when you ladies were on your investor roadshow in the first half of 2021. And what sparked our interest is the fact that you're playing in a very male dominated space, just like us. And not only do you have a female led management team, but also a female only board with a broad skillset and the industry relationships to deliver on your governance and exploration strategies. As we've previously mentioned on our show, the precious metals and gold space is always a good hedge to having your portfolio to help ride out market volatility and the price of gold yet has been weak as of late. But many commentators expect that to change as the implementation of the new bank capital rules under the Basel three will support demand for physical gold. Will elaborate on this a little bit later. 

Candice: [00:02:06] We definitely will and will also hear from the ladies their thoughts on where the whole gold sector is heading. I feel like we're in the presence of legendary women here today on the show. We're going to pack a lot in today's conversation. We'll start off by hearing more about the recent pre-IPO process and how that's gone. Hear more about your personal stories and how you became involved in Moneghetti and then get into the big topics of today's show. Understand more about why and how you developed the ESG framework of the company and the opportunities you're seeing in the sector, along with the future growth plans for Moneghetti as managing director. Anna. Your background is very impressive and you've been in the finance industry for almost three decades now, having been in your previous past life, a US investment banker. And now with over 15 years experience in the mining industry specialising in financing junior explorers, you also recently co-founded another ASX listed company, Sirene Gold. CNG is the code on the ASX, which was actually one of the better performing IPOs in 2020. Elizabeth Anna has a degree in mixology and Harvard, which apparently is a disappointment to her parents thinking she went off to get her degree in accounting. But I bet you make a mean cocktail over and over to you, Dr. Lloyd, for our listeners. Dr. Lloyd is the lady when it comes to the rocks and mineral space. As a geologist and mining engineer with over 25 years experience the international resource sector, you have a super impressive skill set and you've held positions in the past where you've consulted to major mining companies and investment houses globally on the mineral assets sector and valuation side of things. Karen is currently responsible for the multidisciplinary teams covering the precious metals and base metals sector in Australia and the Americas. And you recently advised on the valuation of the 16 billion Northern Star and Sarasohn merger. Karen, I also hear that you're a qualified powerlifting coach, so I'd love to see you and Felicity take it on in the that

Felicity: [00:04:10] she'd beat me.

Candice: [00:04:12] So clearly, you two ladies are a combination and a force to be reckoned with. You definitely know your stuff and you're definitely the experts in the room when it comes to the mining sector.

Felicity: [00:04:20] But before we get into our interview, bear with us as we kick off the disclaimer Candace take it away already. 

Candice: [00:04:27] So in today's episode, we will be hearing obviously from the ladies from Moneghetti Minerals, the company's disclosure document for the offer, which we'll be discussing, will be made available when the securities are offered. And should anyone who wants to acquire these securities, they will need to complete the application form that will be in the disclosure document. And as you know, as Felicity and myself, our financial advisors please know that this podcast and the content discussed does not constitute as financial advice, nor is it a financial product. The content on this podcast is genuine nature and you should seek. Appropriate professional advice before making any financial decisions. 

Felicity: [00:05:03] So, ladies, this is a really exciting time to have you on the show. As we know, you've recently closed your pre-IPO around and are now looking at the next round of funding, which will be the IPO. Now, the IPO is expected to be Q4 of twenty twenty one on the ASX and they're looking to raise about ten dollars million at a proposed share price of 25 cents per share. So you'll be listing with a market cap of seventeen point one million. So, Anna, can you give us your elevator pitch in your own words? What is Moneghetti Minerals and what attracted you to be a part of this business? 

Anna Nahajski-Staples: [00:05:35] Yeah, thanks, Felicity. In a nutshell, Moneghetti Minerals is an early stage gold explorer where a pure play gold company. So we're very focussed on the discovery and exploration of gold assets on a global scale. And we have targeted the best jurisdictions in the world for gold exploration being Nevada and Western Australia. We've acquired three very exciting gold exploration projects and now we're building the team in the US and here in Perth with people that we feel represent our values and can drive the company forward and a really valuable way for our shareholders. 

Felicity: [00:06:18] Fantastic. So exciting. And look, we're also curious to find out, does Moneghetti stand for something? And, you know, what's the origin of this name? 

Anna Nahajski-Staples: [00:06:25] Yeah, there's a fairly long story behind that. But the quick summary would be Moneghetti is a neighbourhood out of in Monaco, which is where in my previous life, pre covid, I was spending some of the year working in finance. So the early funders, the seed investors in Moneghetti, which are our company, which became Moneghetti, that's where the name came from. So we've had early funding out of that part of the world. And we thought, what better way to to recognise that support than going down that path with the name? 

Candice: [00:07:04] That's a cool back story. So I guess further to that and what really drew you to Moneghetti? Like what was the thing that made you think I want to start this up and get the team together? 

Anna Nahajski-Staples: [00:07:13] Yeah, I think I'm at the point in my career where I have a lot of value to bring to companies from a capital markets perspective. And I guess since no one was knocking on my door to join at a board level, I thought there's no better opportunity than to branch out on my own and use those skills and establish a team and go out and do it myself. And so they the the thought and the idea was hatched probably late twenty nineteen when I could see the gold price appeared to be at the beginning of a very long and upward cycle. And there was money coming into exploration which, which was the first time in a very long time. So I thought all the stars were aligning to launch Moneghetti, get the best projects into our portfolio and build the team from there. So yeah, it's combining my financial background and capital markets experience and finding the technical directors and staff to supplement that business model, which is where Karen came into the picture.

Candice: [00:08:25] I love that. So you basically went I'm sick of waiting around. I was going to do this on my own and let's get the team together. So I want to bring you, Karen, into the conversation here at this point, you know, with your extensive background in the sector and your expertise, you know what really drew you to Montessori? And I guess what did Anna sell you in the elevator pitch to make you go? Yep, I'm signing off on this. 

Dr Karen Lloyd: [00:08:44] Well, it's more interesting back story, actually. There's another piece to that pie. And and it was Anna having a meeting with a mutual colleague describing that background situation and describing what she was going to do, what she intended to do. At the same time, I was having a very similar conversation with the same guy. We didn't know each other at the time, myself and Anna. And he said, hang on, you're both complaining about the same thing here. So I met Anna for a coffee, just as an introduction to each other, really to see we were if we're compatible on a personality kind of basis. And two hours later, coffee that lasted a long time. We were in business. So it was essentially, you know, doing things the right way, doing things ethically, having that ESG focus, doing things within the Corporations Act and and also having fun at the same time with with all our expertise. So it was a very similar situation to Anna's, but mine was more on the technical side. So matching the two together made it perfectly 

Felicity: [00:09:46] from a technical perspective. What made you interested in this project? Right. Because there's so many great gold exploration projects. Why this one? Why these sites?

Dr Karen Lloyd: [00:09:55] There's not that many great ones. There's a local. And that was part of my mandate without an investment mandate was was to go out and find the company makers, so we teamed up to do that. And through Anna's contacts, she brought the projects over the desk. I brought a couple, but we did look at many projects before we settled on this portfolio. We did it the right way. We looked at the scalability, the great potential, the ESG angle, the, you know, the the commercial terms. And I really did financially engineer good contracts that it purchased the projects retaining the upside for the investors whilst protecting the company from the downside. So we did all those the things that an investment analyst would look for. We made sure we did the project, due diligence and the investment, due diligence the right way. So we agreed on this portfolio together. You know, I've said this to a number of the brokers in the last few weeks, but each of these projects is a standalone in a portfolio. We've got an absolutely fantastic portfolio spread of gold projects as well as a fantastic team.

Felicity: [00:11:08] And that's really exciting to hear. And I guess so you had to use your pre-IPO raising ride of about two million at the offer price of 19 cents per share. Karen, the majority of the source of funds raised was to further explore the field work and drilling at the Acra project. For our listeners, the A. project features drill ready targets interpreted to be analogous to Barrack's pipeline deposit. So, Karen, can you give us a bit more background on this project and an update on how this project is going? 

Dr Karen Lloyd: [00:11:40] Yeah, thanks. So is the company Makassar for the Australian listeners that aren't familiar with the Kollin type deposit? I won't go into the technical detail there, but these kind of deposits host 10, 20, 30 million ounces of gold, whereas the Australian landscape, we're looking for the one or two million ounces. And this is in the Battle Mountain Cortez Trend, which is known to host a hundred and fifty million ounces of gold. It's an advanced exploration project, so it's not as early as you might think. It's got some historical drill holes. It's contiguous to not just analagous with, but it's contiguous to the Barrick Newmont, which is Nevada gold mines joint venture. What is joint venture which so they've got mills, refineries and roasters all in the area and they've got a trailing royalty on our land too. So we just a long strike there from from the Cortez camp. We took off where the previous owners left us with some fantastic, fantastic raw data set. They ran some new geophysics to get a handle on the local geology before they they backed out the project. So we're going in there with a fresh set of data. We've engaged or we're just in final negotiations with the drilling contractor to stop the Dollars in October and hoping to do diamond tails off that. So what that is, is a large dam to hold that gets through the top bit where the gold is. And then we'll fully case it with some some PVC casing to allow us to go up and down that hole, leaving that hole open. And we'll do what's called daughter holes of the bottom of those giant preclears, which is a technical way of of deep drilling that is known very well and well respected, regarded and known to work in Australia, but which is never usually done in Nevada. They've had the luxury of gold deposits being at the surface to date, and they're just getting into these these deep deposits like Anchorage. So our second project over in that part of the world will be provided is news flow. Whilst we're doing that deep drilling, Ekrem, we've mobilised. I know we're going to get on to technologies later in the podcast, but we've mobilised an aerial drone, our second project delivered, and that's going to provide us with some news flow whilst establishing that project to improve it.

Candice: [00:14:00] Awesome. And I guess for our listeners as well, is it crew? Did you guys find this site or is it a known, you know, quite large gold depository area? Like is there a lot of competition for you guys to secure that area?

Anna Nahajski-Staples: [00:14:11] It popped up on my radar Candace to resources. So Mark Bennet's exploration team, which is pretty world renowned for their discovery success, actually had Ekra in their exploration portfolio from about twenty eighteen or twenty nineteen. And they they had exited the oh all their projects in North America shortly after covid hit sort of a strategic decision by the company. And so I had done quite a lot of research from a commercial side on the potential for that project, the location and the interesting characteristics from an investment standpoint, and stepped in pretty quickly after that became available through an introduction. By, too, to the vendors, so we really seised an opportunity, a pretty unique opportunity and put down some exclusivity payments to lock it up while we did our due diligence on the project. So we didn't really give anyone else a chance to get a look in to bid for it. Yeah, we moved rapidly and decisively and I think that worked really well in our advantage. 

Candice: [00:15:21] Well, clearly, that was a great strategic move because as Karen mentioned, that's kind of a cash cow, right, for the business. So going down the track now to what's around the corner is your IPO. Walk us through the previous IPO funding round. And I guess what you've learnt lessons from there that has maybe translated into the current IPO round that you're now facing. You know, you're aiming to raise eight, 10 million mainly to fund the Nevada and Western Australian projects. But is there anything else you want to bring to the table and discussion now in the current IPO race conversation? 

Anna Nahajski-Staples: [00:15:53] Yeah, that's right. With the last round, it was very, very important to me from from a business standpoint to get Karen mobilised, get her team activated in Nevada and start the drilling programme and exploration programme before we listed. So looking at the calendar, the North American Summer for us is an important drill season, although we can drill year round, which is another advantage of working in Nevada. News flow is so critical to two IPOs, we go out, cap in hand to investors and then it's pretty tragic when when you're listed and then you use those funds to go out and hire your drillers and hire your people. And it's maybe a quarter or two before those investors and shareholders see results. We didn't want to be in that position. We wanted to capitalise on the timing. So we we went pretty aggressive with our capital pre-IPO raising, getting that two million in the door, enabling us to to staff up and get the drill contracts in place to ensure positive, consistent and ongoing news flow surrounding that IPO. So investors don't have to sit patiently waiting for results. Exactly. 

Candice: [00:17:13] Because you've nailed it on the head. Right. It's it's always markets don't like uncertainty. Right. And in particular, the uncertain aspect is a new company coming to the market. So having your communications on point and having good positive news flow is definitely one that investors we speak to them all the time about that, particularly with our clients. One area in particular is, you know, do you anticipate that you're going to raise enough in the IPO? You know, is the balance sheet going to look strong enough to get carried through to these projects in two or three years time of when you list? 

Anna Nahajski-Staples: [00:17:46] Yeah, very, very important question. And one that we we probably took a fairly different approach. What we see a lot of our peers doing would be selecting the sort of standard template of of listing at 20 cents, which is the minimum to come to market and raising five million, which is also sort of the bare bones raising and not thinking about the projects themselves and establishing an exploration programme, the use of funds and then determining how much you need to raise and at what price reflects the valuation of those projects. And that probably may have to do with the skill set as early founders. Karen's evaluation expert. So her day job up to this point has been valuing some of the largest exploration companies in the industry. So that's her expertise. So she knows exactly what value we're bringing to market, how to and I'm looking at it from a business standpoint, how we attack those with our use of funds. And then we decided how much we're raising, which is up to 10 million. And we we've developed our exploration programmes first and backed into the raising amounts, which I think is probably possibly not the standard for our peers. 

Felicity: [00:19:05] No. Well, I think everything you're doing is not the standard, but it's definitely a good thing. What business goals are you aiming to achieve in the first year of listing on the ASX, given the IPOs just around the corner? You know, your previous company siring Gold had a successful listing. And as you know, companies with good news flow, positive announcements tend to farewell in the market, like you previously said. So what else do you have up your sleeve that you can kind of give away, if anything? 

Anna Nahajski-Staples: [00:19:32] Yeah, we'll definitely have lots up our sleeve and we'll roll those out and surprised the market in a positive fashion in the months to come. So I won't I won't give away all our secrets. But the easy answer, I guess, Felicity, is where swinging for the fences with this, we're not going to be satisfied with average return. Are are I guess to answer your question, though, our goal is to be the best performing IPO on the ASX. Within our peers, I like 

Felicity: [00:20:01] that

Candice: [00:20:01] go, ladies. 

Anna Nahajski-Staples: [00:20:02] So that's what we we get up in the morning and work the whole day and go to sleep. That's our goal. But I think it's important to pair that with the fact we want to underpin that by maintaining best practise in ESG. So what I want to do is I want to prove to the markets and be the template for future juniors that by putting ESG initiatives so environmental, social and governance platform at the forefront of our business model enhances our profitability for shareholders. It doesn't take away from that. 

Candice: [00:20:40] It definitely doesn't. And I think that is speaking volumes to the markets at the moment. And definitely there's a new wave of investors that we're seeing and talking to daily that really put ESG characteristics and preferences above, you know, profits and how the balance sheet is looking. Because everywhere we look at the moment, ESG is pretty much on the forefront of everyone's mind. And you are a leader in this space. Typically, the resource sector is known as being, you know, not ESG friendly, and you're really breaking down those barriers as a business. So just before we go to a break, we will Deep Dive into the business and how you are more H.T. focus in comparison to your peers. We're going to explore more of ESG goals in more detail. And let's just have a quick break before we hear from our sponsors. So one thing that really caught my eye when I first came across the business was the board's decision to establish an EU framework. Like you mentioned, prior to listing the company, you were straight out of the of the gates that you were really focussed on ESG. So two questions on you for this. Can you tell us more about the ESG targets that the company set and why they're important to you? 

Anna Nahajski-Staples: [00:21:51] That's right. When when I established Moneghetti, it was really about throwing out the rulebook. It wasn't a case of just doing what everyone else was doing. There was plenty of opportunities. ESG was just taking off as far as sort of a wide commitment and outperformance, I guess, from where my financial had again, that the funds were for the first time ever, outperforming the traditional investment funds. So we were finally getting traction and interest and support from more of the general markets. So pairing that with a fresh start at Moneghetti and incorporating that into our culture, I saw as a huge a huge advantage and a differentiator for us. So we started with, I guess the first first idea we had was to establish workplace giving programme, which is pretty standard. I mean, that's nothing too unique. But I think where we put our own twist on it was the fact that the junior market, which is not a revenue generating business, kind of used that as an excuse not to establish that type of a platform, realising that they could never match contributions and it wouldn't be appropriate. But again, we threw the rulebook out and said that that's actually not really an excuse, that we can still establish a platform to encourage our staff, everyone at Moneghetti, to contribute on a voluntary basis for a tax deduction and facilitate that so we can support a variety of community charities and areas in which we're working. And so I think that's I tried to find another peer that's doing that. I couldn't find an example. So I think we are trailblazers in that space. And we recently launched, we call it Digging Deep Workplace Giving programme, and we're starting kicking things off with donations from our director fees to lead from the top. 

Candice: [00:23:59] That's fantastic, because in one of our previous episodes was, you know, mentioning you really want to take the time when you invest in a period of opportunity or an IP opportunity to look at the directors, the board, what their values and goals are. You know, do they have skin in the game? And in particular, you have skin in the game and you're also giving skiting back to the community, so to speak. I've just coined that new phrase for us all here today. 

Felicity: [00:24:22] Here's some skin.

Candice: [00:24:23] Exactly the skin back into the game. That's fantastic. I want to hear both of your perspectives to this second part of the question. From an industry perspective in your culture, you know, you mentioned you're funding exploration. You're not mining the market. So what does that really mean to Moneghetti? 

Anna Nahajski-Staples: [00:24:39] Yeah, we've seen all too many lifestyle companies in this space. It's an unfortunate dynamic that has seemed to slide by with lot not a lot of scrutiny and attention. It's a huge pet peeve of mine that directors feel they put their their own financial well-being ahead of being good stewards of investor money. They run it like private companies. And and that's inexcusable. So going to we really respect every shareholder dollar that comes into the company. We put it directly into the use of funds so that when your IPO ing it's all outlined, it is probably the most transparent a company ever is in its lifecycle. And that's because it is highly regulated. So the the benefit of shareholders is that that's all outlined in the prospectus. And you can see exactly where the dollars are going. It is a very transparent time and that that transparency needs to continue for the company moving forward so that shareholders can see exactly how their money is being spent, that companies aren't being compensated unfairly in directors fees when there isn't performance. And we need to be delivering. We're very much aligned with you. You mentioned skin in the game. Yes, we're very we're personally very heavily invested in the success of the company. And that aligns as well with shareholders moving forward. 

Felicity: [00:26:06] I think that's important to hear because, you know, there are a lot of companies and a lot of smaller mining companies that are listed on the ASX and then they delist. Right. And then, you know, then shareholders lose a lot of money. It's nice to hear that you guys have a lot of integrity that's, you know, not something that will ever happen with Moneghetti because you have the right structure. So, Karen, what actually is. Simply sourced gold,

Dr Karen Lloyd: [00:26:30] so responsibly sourced gold, you might have heard in the diamond industry where you go into a jewellers and you'll say, where does that diamond come from? And you can easily say it's from the Argyle mine and it's got this chain of custody. It was sourced using this ESG framework with this supply chain and that vertical integration. And these suppliers had these network systems in place. We've not seen that in the gold space. We've seen in some of the base metals space now with the modern slavery angle around, particularly focussed in Africa. But the United Nations 17 sustainability development goals and now is integral in the responsible Jewellery Council's mandate, Moneghetti joined the Responsible Jewellery Council. And as such, we'll have a biannual audit that where we we commit to to reaching those 17 sustainability development goals hand in hand. With that comes establishment of frameworks right at the exploration stage so we can trace the origin of our gold. We will do it in a responsible and sustainable fashion. So we'll we've got that like and I alluded to we've got that that ESG framework now. So we don't have to retrofit it when we get to the production level. 

Felicity: [00:27:50] And look where on the street is for all known as the Golden Girls now, which is pretty exciting. Now, Monica is very vocal about its ESG practises. So one other question on this. At which point in the supply chain do you believe innovation can assist the most in making mineral exploration and mining more sustainable? 

Dr Karen Lloyd: [00:28:12] Yeah, I mean, again, mining is such a traditional industry that we're only just leveraging off off the big data. And the technologies that are out there across the aerospace industry is probably the one that's been leading the charge, the second in construction with respect to the design principles around sustainability. But what we've got now in mining is we've got aerial drones, we've got big data technologies that essentially don't damage the the environmental damage, the land as much as they used to. So I think the very, very beginning to leverage off some of the new technologies that are out there. That's what Moneghetti is doing. For example, our drone now, we don't have to have people on the ground destroying the bush. We've got a drone that's that's flying at low level above all. And so that's going to give us just as much data as and it's going to be more timely as well. Right. So we're going to get more data in a more economical fashion, not only for the environment, but for the investor as well. So I think leveraging that stuff early on is also going to attract a new workforce with with a more dynamic skill set. We don't I don't think we're going to have jobs in the future. Called geologist, mining engineer, analyst. I think we're going to have professionals like Anna and myself which kind of can we've got in-depth knowledge in our own areas. We know where to leverage and ask for help. But we see as one continuum of vertical integration, not just vertical. It's a spectral integration of data people and what's in the ground. 

Candice: [00:29:48] Yeah, that makes a lot of sense. And I guess a follow up question for you. Current thinking future now for the company. You know, in your opinion, what's the biggest opportunity for Moneghetti? And I guess I want to ask the experts in the room, you know, where do you see the whole gold sector going? Where do you see the price moving to? You know, give us a little sneak peek and what what you're seeing the sector doing the valuation side gold. 

Anna Nahajski-Staples: [00:30:12] If you look at the past history, which goes back thousands of years and gold. But if you look at the past 50 years since since around the 70s, we gold had some pretty pretty lengthy cycles. So when it is in an upward pattern, those cycles, upward trends tend to be quite long compared to other commodities. Maybe we're talking about maybe a 10 year cycle. I believe we're still at the very early stages of that. I think you'd be hard pressed to find anyone that doesn't believe inflation is coming. It's already showing. Again, there's there's not a lot of disagreement with the growing debt situation in the US, which is really unprecedented, the levels of debt that have been incurred in recent years, administrations and now with Covid. So gold, as everyone knows, is tied to real interest rates. It tracks that very, very closely. The inability of the Fed to raise rates at this point is going to get more and more press, I think, as as their rhetoric is is going to start to be hard to swallow. And I think we'll start to see the cracks show in coming months. And I think that that's going to really provide a platform that we haven't seen for an upward swing in gold prices, so it is it is forecasting and I have to be careful of and nobody knows exactly what's going to happen. But I think some of the the biggest industry experts are very, very bullish on on the cycle of gold is never a straight line up. So there's up to corrections along the way. But I think we have a huge upside in that that pricing, which which positions Moneghetti very well to pair that with this global discovery.

Candice: [00:32:06] Yeah. I mean, your crystal ball is as good as mine. But Karen, I want to hear your crystal ball. What do you think? 

Dr Karen Lloyd: [00:32:11] Look, I guess playing devil's advocate on this one, if you've got good projects and good people, I'm not sure how much Moneghetti itself is going to be affected by the volatility of the gold price. I think we are on an upward trajectory. And just because of world events at the moment, gold, you know, arguably we can go into that in greater detail is is a safe haven. Moneghetti and companies like it have the option value of the stored value of what's in the ground, plus the option value of the extraction. So if you've got some good projects and some good people, you're always going to be a winner. Again, not forecasting, but we do have a we do have a little dollar figure in our heads about what our company could be worth. And I dream every night. Do you a little plastic gold ball that sits on my pillow. That's going to be real one day. 

Felicity: [00:33:07] I'm sure it will. I hope it 

Dr Karen Lloyd: [00:33:08] is. It's on my vision board and we'll make this happen. Yeah. 

Candice: [00:33:13] What I think was really cool was in your recent paper around, you actually gave investors a small little gold coin, which is a cute, little neat way of, you know, thanking the community and the investors to following along the story. I know. I know. Coming back to the gold story. I know our money, Alice here. It sure is super positive on the whole gold space overall. And he keeps talking about this traditional trend that we're seeing, you know, moving away from the traditional more energy sources like coal and etcetera. And everyone in the whole mineral space and mining sector is talking about ESG side of things. You know, as we go on into this futuristic world, I 

Felicity: [00:33:50] also think there is, you know, some, I guess, exciting regulatory change with the Basel three. You know, in January 22, the UK needs to implement all of these new rules on their capital requirements. You know, and as you guys would know, the London bullion market is the largest in the world, you know, turning over over 30 billion US daily. So I think, you know, what positive impacts do you see this legislation having on the gold price and therefore, Moneghetti, if any? 

Anna Nahajski-Staples: [00:34:20] I think our our philosophy for Moneghetti was to opt in on these areas. So we have the benefit of starting from scratch with the fresh platform. And we've always thought if we incorporate all these very, very forward thinking, I mean, we're looking well and truly down the road. We're long term players. We're not in this for for short term gains. And then we're out moving on to the next company. We're playing a really long game here and we're setting that framework where incorporating all those very dynamic changing aspects in the industry that that you've just mentioned into our into our culture. And therefore we're on the front foot. We don't have to pivot when when we're more established. And that's a huge competitive advantage for us. So I think we do raise some eyebrows. I think some people look at us and say, how can you be talking about clean mining and environmental standards when your explorers that that's sort of inappropriate. And we challenge that feedback by saying this is exactly when you should be thinking about those things. You should be establishing the framework and how you're going to get there, because if you're not doing it now, it's going to be a hard path and you don't want to be in a position where you're making these changes just because regulation is coming or because it's already there. That's a much more expensive scenario for for investors and shareholders when you have to when you have to change to fit regulation and compliance, which is coming, it's coming. And we're going to be on the front foot in those areas. 

Felicity: [00:35:53] Definitely. And I think it's great that banks will have to hold now more physical gold. And the physical gold is classified tier one, just like cash, which is fantastic, I think for gold miners in particular. We have one final question right before you debut on the ASX, and it's very serious. So coffee, tea or tequila? What's your drink preference? 

Dr Karen Lloyd: [00:36:14] Coffee after a night on the tequila.

Felicity: [00:36:18] I love that. That's a great one. And I'm going to ask you the same question.

Anna Nahajski-Staples: [00:36:23] I am a coffee girl, but I can't if it's if it's high quality tequila. You've got me. So I'm the Patrón girl, always have been so fantastic. 

Felicity: [00:36:33] Well, we'll have to share some tequila shots after your successful ASX listing. I'm quite excited for that. Well, thank you so much for joining us on Talk Money to Me. We look forward to following the company's progress to IPO soon on the ASX. If you'd like to hear more about Moneghetti Minerals, where can our listeners track you guys down?

Anna Nahajski-Staples: [00:36:52] Well, we're pretty much on all platforms, so I think we've got a great social media marketing consultant to make sure we're updating the markets regularly. And yeah, and then we've we've got a full website at Moneghetti Minerals dot com that you can take a look as well and request a prospectus. So be one of the first to get in there and get a look at the IPO prospectus by registering online.

Felicity: [00:37:21] Yeah, very exciting. So our listeners can definitely do that. And your Instagram handle is just Moneghetti and minerals. And if you want to get in contact with either Candice or I to find out more about talk money to me, our email and social media details are in the show notes below. 

Candice: [00:37:36] So you can follow us on Instagram, send us an email, let us know your thoughts and feedback on the podcast. And we'd really appreciate your five star rating and reviews on your podcast player. 

Felicity: [00:37:47] Until next time. 

Candice: [00:37:48] Adios, amigos. 

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