Shannon Rivkin covers: AGL, LTM, LYC and more. - The Rivkin Report

In this week’s show

01:19 – Q1:AGL had a big run up in its share price but has now dropped back considerably, can you see the reasons behind this ?

04:04 – Q2:1.I’ve heard that when a company bought its own shares back it was good for existing shareholders. That doesn’t appear to be the case with Telstra in recent times I note. My question is are the shares cancelled when they’re bought back or are they held as an investment by the company with the ability to be able to be sold back into the market at some later date?

2.just wondering if you have an opinion on LTM Arcadium lithium and whether you would consider buying shares at current close to all time lows? Having been a shareholder in AKE Allkem, I now have a holding in LTM at well above these prices. I may be wrong but I thought LTM was still profitable even at today’s lower lithium prices – do you know if this is the case? Could this be a good opportunity to lower one’s average share price cost? Relevant information seems to be a bit thin on the ground. Thanks in advance.

12:36 – Q3:Just wondering if you have an opinion on Lynas (LYC). I read recently Gina Rinehart has taken an almost 6% stake in it representing $49M. I have a small holding and wonder if it’s worth increasing at current levels? I think Rene in the past was keen on following “The Leaders” or words to that effect. Keep up the great work.

15:42 – Q4:I understand that both PBP & MIL are due to pay before 30/06/24. Is there any more clarity on the timing of the payments?

16:35 – Q5:What are your thoughts on Venture Minerals (ASX:VMS).

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