"And in absence of dividends my take is this Co is: it could go...

"And in absence of dividends my take is this Co is: it could go as low as mid to low 30c"
"I like Li stocks because of their promising future which is yet to be realised"
So, you like lithium stocks but there's a good chance that the lithium company already in production and generating cash will lose a further ~50% of its market cap.
Perhaps you have a very bearish outlook for spodumene prices?
I'm a bit frustrated with the stock at present and it has fallen further than I expected but would caution against getting too bearish at this price level.
In financial markets you can always find a reason to get bearish at the bottom and miss the bigger picture.