My researches this morning have revealed that, on Friday, quite exceptional volumes were traded in the NLG version of the shares (which are the only version Canadian investors can trade), in the London AIM market, which ended up 3.5p (+4.24%). This must have been mainly Canadian buying as there is no incentive at present for UK investors to buy other than NLGA at the discounted price.

Buying continued afterwards in Canada (which closes @ 9pm UK time) with a spurt just before the close, where the price ended @ C$1.92 (+4.35%) on volume of 378000 shares. This volume is of course additional to that traded in London.

As insider trading in the Canadian market appears to be endemic, I feel that Friday`s trading pattern may be the precursor of the release of some news likely to cause a further uplift in the share price.

In the circumstances, I have this morning added to my holding in NLGA, (which at the open was unchanged @ 82.5p).

DYOR

This company nelson resources looks very aggresive moving in to 2005 the management under nick zana have a strategy and the next 12 months look exciting .

regards bowman

Note the 7.91% rise in Canada (after the UK close) on heavy volume of 609000 shares and the corresponding 6p rise here this morning. Looks like insider trading ahead of an announcement by NLG.