Wouldn't matter if they did. Your statement is only relevant to...

Wouldn't matter if they did. Your statement is only relevant to short term traders.
If people put their house on at $1 or even $1.50 they will eventually be in the green.

Too many people like you focusing on making money in a year.

Yes, its always amazing if you can buy it at the bottom but not many people can. You're making your decision based on TA
Unless you believe that this company should have an EV of 50MC with a 59mt resource. Regardless of Li sentiment, when comparing to its peers its still fair undervalued. Before the crew come in and say, if its undervalued why aren't people buying now. Why would you push the price up when you can accumulate at these low prices? Retail is scared shitless right now. No one on here seems interested in buying so there is no need to push the SP up.

People when they enter a company should be doing their DD on a long term horizon. Li prices in 5 years will be far higher than they are now.
This company will have a far larger resource by then.

I remember buying 100k of FMG at $3 and it ran to $7 only to go back down to $3 because ore prices dropped. The same narrative everyone is spinning right now was been spun then. Fear makes people sell and its replaced with regret.
Now its worth $27 a share and now I get nearly 100% a year in divies fully franked. Took 8 years to get here but I I would say I make multiples more than short term minded traders for FMG.

People that are patient make money and passively at that. Don't need to stress about SP fluctuations when you make passive income like that.
Same with all the PLS holders.