I partially agree with what you're saying. Personally I'm not...

I partially agree with what you're saying. Personally I'm not looking for capitulation on the stock. The fact that it dropped 30% off a good announcement is different to say QPM that dropped a DFS with a blowout in CAPEX.

I do agree that the Lithium winter is here and won't be resolved anytime soon. While I don't think we will bounce back to highs on the Li price, as we move from an "oversupplied" state to even just a even level, not even a deficit, this will push the Li price higher. This will in turn help the companies, the ones with larger resources will benefit the most.

As for the much lower, I could see this dropping more but tbh I really couldn't see this falling below 70c. I am sure most retailers that were thinking of selling have done so in the last 3 days.

However, the end thought for me is regardless of Li sentiment there are still companies like PMT, LRS etc with large resources with a MC still multiples from where we are. If we announced a 100mt resource in 3 months, I doubt we would stay at 170m MC. May not be 1B, due to the Li sentiment but the SP will move north.

I still believe despite the recent sell off, this will still make it to the $1.50 mark in the coming weeks/month. Once the irrational selling finishes, people will start to realise that this is a great buying opportunity. When the selling will stop, thats the million dollar question.
Obviously not financial advice but just my opinion.