Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-46

"Every bull cycle is flooded with punters saying if only they could have positioned at the lows, before the cycle turned, and the tide rose"

Of course it is because it's very easy to see the lows in hindsight, what those punters fail to realise is all the punters stuck holding big losses from buying the lows, that didn't turn out to be the lows in the previous bear cycle. In reality there is zero need to buy lows, if these lithiums(or any sector) are going to have another proper bull cycle, even buying 100% off the low there will be many bags of upside.