Page 22 - pd306-July22-mag-web_Neat

Trusted independent financial
advisor to the mining sector
2020: Advisor to
2021: Advisor to
2021: Advisor to

Diversified Minerals
Diversified Minerals
Cassini Resources
Geopacific Resources

Joint defence advisor in
Advised on the A$20m sale
Advised on the US$100m

of the Henty gold mine in
financing (Loan and Stream)
relation to the A$76m
of the Dargues gold mine in

Tasmania to Catalyst Metals.
NSW to Aurelia.
for the greenfield Woodlark
takeover by OZ Minerals.

gold project.

2018: Advisor to

2018: Advisor to
2017: Advisor to
2016: Advisor to
Explaurum Limited
OZ Minerals
Stanmore Coal

PanAust
Defence advisor in relation to
Advised on the financing
Advised on the US$90m

the unsolicited A$89m

acquisition of the Wotonga
refinancing of the Ban
strategy for the greenfield
takeover by Ramelius

South Project from
Houayxai and Phu Kam
development of the
Resources.
Peabody Energy.
Carrapateena copper-gold
copper-gold mines in Laos.
mine in SA.
neWs Advised on the A$30m 2020: Joint Advisor to Advised on the A$200m sale
same processes – the advisor exam, ter- social media platforms, so ASIC is engag-
tiary qualifications, 40 hours of CPD – to ing with young investors via social media
ensure that you are meeting all the stand- platforms.”
ards and it also means that anyone taking
advice from you is protected.” T +61 2 9133 9000 | www.icapartners.com.au
What does the future hold for the Austral- “Finfluencer?
professor of finance Dr Angel Zhong had Yuck, I’m a writer!”
ian finfluencer? RMIT University associate
previously described the finfluencing game ollowing the release of the ASIC info
as the “Wild West”. After the ASIC guide- Fsheet, financial YouTuber and writer
line, not so much. Tracey Edwards took the topic head on with
“I have been watching this space and a seven-minute video breaking down what
I’m really glad that ASIC has released the it means for content creators and her own
regulatory guidance,” Zhong told Paydirt. business.
“Although this is not a new regulation, the Edwards, who has more than 23,000
information sheet from ASIC is the applica- subscribers on YouTube and has written
tion of the existing law in an emerging area several financial education books, doesn’t
which is ‘finfluencers’.” deem herself a finfluencer.
Zhong believes ASIC acted correctly in “I hate that term. I don’t feel like I influ-
the wake of more retail investors entering ence anybody, I feel like more of an edu-
the share market following the onset of the cator if anything. I don’t tell anybody to buy
COVID-19 pandemic. anything; I talk about facts and information,”
“During COVID, we have seen a lot of Edwards told Paydirt.
[new people] starting to invest in the share “I originally started investing and I be-
market for the first time,” she said. “These came successful at it, so I wrote some
people tend to be young investors who books on the topic which also seemed to go
don’t have much financial knowledge, so well. I started on YouTube and social me-
Brandon Munro they turn to finfluencers for free financial dia roughly five years ago and found that
advice. ASIC has noticed the increase in
“This is about the boundary of knowing trading volume as well as the increase in I enjoyed making videos more than I liked
what you can and can’t do,” Fox told Pay- the popularity of finfluencers. This is why writing. So that is how I got into making vid-
dirt. “If you really want to get into giving ad- ASIC took action.” eos on the finance and investing niche and
vice, that was when they [ASIC] were say- Zhong said there are plenty of ASIC-ap- I enjoyed making it.
ing you should be licensed. proved resources online for young Austral- “My content is either talking about what
“They weren’t saying you had to be. If ians to quench their financial yearning. I’ve done to build my portfolio or about gen-
you just wanted to stick to good financial “There are actually a lot of free resources eral finance and investing. I show my re-
education around savings or budgeting, or offered by credible agencies,” she said. search on how I [choose] different stocks.”
even just explaining investment from what “ASIC has noticed young investors need Edwards has continued to make content
it means or how markets work, that’s fine. this knowledge, so they’ve started the since the information sheet was released
“But if you really want to get into giv- Moneysmart Innovation project to provide but has noticed many of her peers disap-
ing advice on financial products, such as more financial knowledge in an engaging pearing.
shares and ETFs, then you need to be li- way. “I think a lot of them got scared by [the
cenced. You need to go through all of the “ASIC knows that young investors love possible fines],” she said. “They’ve changed
their style. They’ve either stopped talking
Trusted independent financial Trusted independent financial
advisor to the mining sectoradvisor to the mining sector
Page 22 JULY 2022 aUSTRaLIa’S PaYDIRT

2021: Advisor to 2021: Advisor to 2021: Advisor to 2021: Advisor to 2020: Joint Advisor to 2020: Joint Advisor to 2020: Advisor to 2020: Advisor to 2019: Advisor to 2019: Advisor to
Geopacific ResourcesGeopacific Resources Diversified MineralsDiversified Minerals Cassini ResourcesCassini Resources Diversified MineralsDiversified Minerals Diversified MineralsDiversified Minerals
Advised on the US$100m Advised on the US$100m Advised on the A$20m sale Advised on the A$20m sale Joint defence advisor in Joint defence advisor in Advised on the A$200m sale Advised on the A$200m sale Advised on the A$100m Advised on the A$100m
financing (Loan and Stream) financing (Loan and Stream) of the Henty gold mine in of the Henty gold mine in relation to the A$76m relation to the A$76m of the Dargues gold mine in of the Dargues gold mine in financing (Loan and financing (Loan and
for the greenfield Woodlark for the greenfield Woodlark Tasmania to Catalyst Metals.Tasmania to Catalyst Metals. takeover by OZ Minerals.takeover by OZ Minerals. NSW to Aurelia.NSW to Aurelia. Royalty) for the greenfield Royalty) for the greenfield
gold project.gold project. development of the Dargues development of the Dargues
gold mine in NSW.gold mine in NSW.

2018: Advisor to 2018: Advisor to 2018: Advisor to 2018: Advisor to 2017: Advisor to 2017: Advisor to 2016: Advisor to 2016: Advisor to 2014: Advisor to 2014: Advisor to
Explaurum LimitedExplaurum Limited Stanmore CoalStanmore Coal OZ MineralsOZ Minerals PanAustPanAust Discovery MetalsDiscovery Metals
Defence advisor in relation to Defence advisor in relation to Advised on the A$30m Advised on the A$30m Advised on the financing Advised on the financing Advised on the US$90mAdvised on the US$90m Advised in relation to the Advised in relation to the
the unsolicited A$89m the unsolicited A$89m acquisition of the Wotonga acquisition of the Wotonga strategy for the greenfield strategy for the greenfield refinancing of the Ban refinancing of the Ban recapitalisation options and recapitalisation options and
takeover by Ramelius takeover by Ramelius South Project from South Project from development of the development of the Houayxai and Phu Kam Houayxai and Phu Kam sale to Cupric Canyon.sale to Cupric Canyon.
Resources.Resources. Peabody Energy.Peabody Energy. Carrapateena copper-gold Carrapateena copper-gold copper-gold mines in Laos.copper-gold mines in Laos.
mine in SA. mine in SA.

T +61 2 9133 9000 | www.icapartners.com.auT +61 2 9133 9000 | www.icapartners.com.au