I believe it's buying pressure from the U.S. BNIKF. It was up nearly 5% overnight for the umpteenth day in a row.
More exposure over there, so more US investors jumping in, more Aussies watching BNIKF overnight seeing it rise…a perfect storm.
If I recall, the BNIKF OTC's can only be sold after brokers buy from ASX so if that's the case with supply so thin now the price pressure in the US is going to compound also.
Interesting days ahead that's for sure.
BLT Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
