The main drop in sp prices for the explorers was due to shitty results and too much hype prior to releasing said shit results. LKE totally unestimated the ground conditions and as such have failed to deliver any results yet. The share price had fallen to its current level from 30c in January.
The other juniors such as PNN, ASN and RLC had a raft of problems most of which involved over selling and under achieving. PNN still has not released the results from their second successfully drilled hole and we could see the same problem happening as the labs in South America deal with the lithium boom and backlog of samples to be tested.
SP seems to be stuck in limbo as the market awaits news.
Don’t worry bro, if the company has lithium they will have a market to sell it too.
