Correct, I think lithium has its place and the future is bright. I invest long term. I don't invest short term because there is too much noise. I also buy in when I am comfortable with the price. Therefore these movements don't worry me. Unfortunately that is the stock market tho, you win some you loose some and is why diversity in your investments is important. I do really feel for those sitting on heavy losses at the moment tho.
You have also just described every stock on the asx, again not gxy specific. EVERY company board is going to know more then you and I...if they didn't then god help us all
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