North Peak Resources Ltd (BTLLF)

[csudsu]

Who knows? Possibilities:

- Tracking Bitcoin because people see some relationship, either virtual or real
- Tracking the level of interest in blockchain, part of which spills over from Bitcoin
- Some announcements regarding private placement of shares (buy at $4.90, take a warrant to buy later at $7), which does usually have a positive effect on share price according to some studies. Technically there seemed to be some level of support around $4.50-$5 (not surprising - this was the price when Michael Smedley declared BTL as a top pick earlier in the year) and this pushed it higher. There's been lots of volume since then so the VWAP is pretty high.
- Everyone is waiting for BTL to get to the production stage - they said it would happen in 2018 and we are getting closer to that date.
- In the meantime BTL came out with a couple of blog posts talking more about the story for Energy

So, I agree, although there's lots to chew on, not much of it is substantial. But then, once you have something substantial, the cat will already be out of the bag, so...