Exactly. If it was a fund or some other "investor" likely to sell for a profit having bought at $1.62, you can bet the share price would have dropped to $1.62.
LG are likely with us as a Tier 1 supplier for 20+ years. They aren't going to sell any. It strengthens our shareholder base massively having them convert. Intelligent people know this.
Last week was a blip in my opinion. Silver, copper, gold, bitcoin - everything got hit, as did all lithium companies I follow (most).
If some investors don't understand the simple rules of supply and demand, they shouldn't be investing.
There simply isn't going to be the supply required coming online this year, next year, and probably in 5 year's time.
That's why a lot of the posts and worried folk in this forum make me laugh. Take a helicopter view. Forget about short term dips and spikes.
Some people need to chill out more and use their brains more...
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