My first impression was of insiders buying on good test results...

My first impression was of insiders buying on good test results at North-Y but the MD's address to NEO's AGM (released today) included the following:

"Nuenco has a major shareholding in Statesman Resources Ltd (TSX code “SRR”) ... and the Statesman shares have traded as high as CAD$4.00 per share with the success of North Yolumne. More recently these shares have traded around CAD$3.70 (as they wait for equipment at North Yolumne)".

Back on 28/4 SAE's Q3 activities report said that the North-Y production test should commence in the second week of May so it appears the buying which started last week is due to optimism rather than specific information.

You can count me among the optimists, I topped up last week and will be holding for the results when they come.

Cheers