Just some speculation here, but the coffers would be 2x as full if warrant holders would convert 10 cent warrants instead of 5 cent warrants.
At the current level, not too many people would be converting or they would be certainly aware that the price possibly wouldn't hold up to punt.
Now lets say after the 1st year anniversary of the pp close, the 5 cent warrants are off the table and there's then incentive for the company to get the 10 cent warrants in the money and converted.
Just seems odd that there is no sp support out there while the company's drills are turning right next door to San Gold.