GPP's situation is totally irrelevant to what's happening to other lithium stocks in the market. They all have their own issues; downside or upside. Also PLS and KDR are the best lithium stocks in the market and they are not down much at all.
AVZ is down 25% today, under 9c now. I am very sorry for the holder who bought it over 10c. It has always been a big hype IMO. It is revealed by the AVZ announcement today that the managing director of AVZ Klaus Eckhof has sold nearly 33m of his 66m shares in last couple of days.
I have posts about it on AVZ threads. I always said the Manono mine pegmatites are world class but not mineable as its location is exactly on the conflict zone. Its directors should have been known this very well IMO. There is still a big value there but it might be unlocked when the corrupt DRC government would change and the new gov. would be a good democratic one. Maybe in the future, might be very long though.
GPP's location, being in Guyana is a big plus, no conflict zone. If GPP can find good tonnage and high grades, it would be one of the best mineable prospect in the world, even though it needs some infrastructure (roads and power) but it wouldn't be hard to finance for the major miners when the lithium wars got hotter. The reason is there is no large tonnage hard rocks resources in the world other than Talison at Greenbushes, PLS and KDR. The others are small size for the coming demand explosion.
GPP Price at posting:
0.6¢ Sentiment: None Disclosure: Held