After a short break, the pod’s back — but with some big changes. Matty won’t be returning to the show, and Ali’s wrapping up at the end of the month. They didn’t go into detail, and out of respect, we won’t speculate — just wish them both the best wherever they’re headed.
That said… we’re now 100% reliant on @Bear77 for deep mining takes. If he doesn’t step up, we’ll be expecting the "Bear Market Podcast" to drop any day now - hint, hint ????
Big shift for the show, but fingers crossed it keeps rolling strong.
https://thewest.com.au/business/herd-on-the-terrace/herd-on-the-terrace-money-mine-reeling-after-founder-matthew-michael-alexandra-gelevitis-quit-c-18691630 [Fri, 16 May 2025 6:45PM]
WA News ("The West Australian"):
Herd on the Terrace: Money of Mine reeling after founder Matthew Michael, Alexandra Gelevitis quit
Money of Mine Credit: Don Lindsay/The West Australian
Ructions have engulfed a West Perth hot air factory adored by mining merchants and finance bros alike.
Fans of the Money of Mine podcast were left bemused on Monday after Matthew ‘Matty’ Michael, one of the show’s founding trio, abruptly exited the fledgling media business.
Our spies tell us disagreements over the future commercial direction of the podcast caused a rift.
Filings to the corporate regulator show that Michael late last week offloaded his 40 per cent stake to the outfit’s other founders — Travis Ricciardo and Jonas Dorling.
The ultimate holding company has a face value of $233,333, according to the filings.
Fanboys of Matty, a self-proclaimed bogan, piled into Money of Mine’s LinkedIn post announcing the severance of ties.
“Terrible, he was the show and founded it . . . lights out now,” one commented.
“Shattered,” another proclaimed. “Matty you brought so much passion and humour to something that can be extremely dry.”
While the Bull can’t profess to be an avid listener of the semi-regular gabfest, we’re told middle-aged Matty’s rough around the edges commentary and real-world mining experience balanced out academic musings of the two young spreadsheet aficionados.
And speaking of balance, Alexandra ‘Ally’ Gelevitis, the only person of the fairer sex to sporadically appear on the show, joined Matty in a hasty dash out the door this week.
Her exit, however, was not mentioned in the LinkedIn post by the leftover duo.
Thankfully, Ally did cop a few farewell lines during an awkward and sombre Thursday podcast rife with technical issues (maybe the premium recording software subscription was on her personal credit card?).
Ally was chief operating officer of the business and like Ricciardo and Dorling is an alumni of Eddie Rigg’s stock-slinger Argonaut.
Losing the only woman at the Emerald House headquarters is bad optics, especially for an outfit that refers to its daily newsletter subscribers and podcast listeners as ‘GCs’, short for ‘good c**ts’.
Stay classy, West Perth.
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Further Reading:
Further Viewing:
https://www.youtube.com/watch?v=y5mXllnlcng&t=2017s
"It’s been a big week at Money of Mine, so we start today’s show with an open yarn about it.
To get back into the swing and talk about what we’re fascinated by, we dove in a big story.
Why Liontown has run so hard and what the futures holds for them.
And we decided to include an open discussion we had after ripping the episode."
CHAPTERS
00:00 Changes at Money of Mine
09:24 What health in Liontown in
15:13 The balance sheet.
25:50 Why has LTR run so hard?
33:12 A raw conversation about MoM
That was yesterday's poddy - below is today's (Friday 16th May):
https://www.youtube.com/watch?v=yQAN7PnlVeE
"In today’s episode, we invited on Dave Franklyn of Argonaut Funds Management."
CHAPTERS
0:00:00 Introduction
0:00:44 Dave Franklyn back on MoM
0:01:25 The Trade War
0:03:32 China's catch-22
0:05:15 Australia precarious position
0:08:00 Why gold
0:09:34 Are tariff's paused… or gone
0:11:20 Safety in cash
0:16:10 Don't compromise on quality
0:21:18 Jurisdictional risk
0:24:35 Why NexGen
0:26:43 Canada moving in a better direction?
0:28:30 Greatland - Still cheap?
0:33:20 What's going to happen to Bellevue
0:36:20 The sweet spot for MAC
0:38:25 Develop Mining Services
0:40:01 Lessons on the Lassonde Curve
0:45:05 Why no Sandfire?
0:49:15 Value in rare earths
11:39:26 Biggest mistake
12:39:26 Best call
-------------------------------
DISCLAIMER
All information in this podcast is for education and entertainment purposes only and is of general nature only.
The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional.
MoM doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate.
MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.
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So, back to normal? Not really. There will be less podcasts per week, perhaps as little as one, and perhaps zero after June. Yet to be decided by Trav and JD now that Matty and Ali have both left (Ali is leaving at the end of May). Plenty of technical issues with Thursday's poddy, eh!?! Perhaps the lads did it by themselves without a crew.
Friday's poddy with Argonaut's Dave Franklyn was recorded earlier and the production quality is fine.
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MoM certaintly won't be the same. The goss is that disagreements over the future commercial direction of the company and particularly the podcast caused a rift. Beyond that, we are only speculating, and from what Trav and JD have said, it seems they wanted to reduce the frequency of the podcasts, or else discontinue them altogether, and focus more on their newsletter, which they would probably start charging subscription fees for in due course, so they had a clear path to commercialisation beyond corporate advertisements which had become annoying and distracting (for me anyway).
Matty owned 40% of the business (the largest share) and he was all about the podcasts - with zero interest in the newsletter - so it's easy to understand why the way Matt wanted to do things differed a fair bit from what JD and Trav had in mind for their future direction - because they are less comfortable with regular podcasts. So Matty sold his 40% to JD and Trav and Ali has also given notice and is leaving.
There's probably still going to be some value in whatever Trav and JD ultimately decide to do with MoM going forwards, but it certainly won't be the same, and I imagine they might lose some sponsors, but that remains to be seen. I anticipate that it will mostly about the newsletter, and there will be a subscription charge introduced, so that they are either less reliant on sponsors or else they can do away with sponsors altogether. From my own point of view, the regular ads throughout the podcasts always reminded me that this was not truly independent content, and that's possibly something that Trav and JD were also aware of and would like to move away from - but, as I said, this is all speculation, and time will tell how this pans out from here.
I know you won't be reading this Matty, but I absolutely wish you all the very best in whatever you choose to do from here. It was brilliantly refreshing to have an ex-underground miner discus mining in such an honest and open way and with a very clear "I absolutely do NOT give a f@ck what anyone thinks of me or if I offend anyone." attitude. It might have limited the range of sponsors willing to back them, but it was nonetheless a real difference and at times very entertaining, and I'll miss it.
As far as Trav and JD's personal dislike of regularly being in front of the camera doing podcasts, something that clearly played a part in what's happened over the past few weeks, I absolutely agree with them personally. They say never say never, but, honestly, I'd never do a podcast. A newsletter, maybe, probably not, but there's a slim chance, whereas a podcast? Not an iceblock's hope in hell. It's why I've refused Andrew's invitations to do an interview with him for Strawman to discuss my life experience and investing philosophy(s). Not much scares me, but that does! I often fail to remember the words I'm looking for (reduced vocabulary with age), and regularly get numbers wrong and have to go back and change things after checking my own work (short and sometimes medium-term memory issues at times). I'm also an introvert who doesn't like having eyes on me. I do my best work online rather in-person.
Because of all of that, in a similar way to Trav and JD, I have a passion for the mining industry, especially the gold sector (as they both do), and I love the research and the putting it all together and presenting my findings, but I'm far more comfortable to do that in an anonymous forum where the fact-checking and constructive criticism and other feedback is done in a friendly way, and with some mutual respect, and where I can go back and edit my mistakes as well, or add comments to explain what I got wrong.
I need the push-back, because I'll only ever be seeing things from a very limited viewpoint, and that's dangerous in terms of investment returns, so I look forward to having my assumptions (and even things I thought were accepted facts but was wrong about) challenged, and while Trav and JD are going to get a fair amount of that, much of it is going to be nasty because of where their content is posted and the fact that so many trolls and other nasty people frequent those platforms. Unlike Strawman.com. Thankfully!!
So, good luck to them - I would never do it. Posting on here when I want to works fine, and being able to take off for a 2, 3 or 4 weeks' holiday without any publishing or other investing or share market commitments is something I also want to be able to continue to do.
And while I know there was heaps of tongue-in-cheek in your comments @skaex, @tomsmithidg & @lowway, I appreciate the shout-out, but as I said to Andrew earlier in the week about the chances of him converting me over to the dark side of BTC, nah, that's not going to happen.