Well, I didn't think the warrant holders exercising at $5 was a bad thing, yet I'm guessing most of them wish they had waiting a month and just bought the shares on the open market. Something fairly compelling got them to buy, and whatever it was, they felt it was coming pretty soon.
These assays have just been so slow in either coming or being released, it's hard for me to speculate with any confidence of a time line on which to base their current status.
Perhaps I just have a bad case of "junior miner fatigue" - it's been a very long 11 months or so, and NOT has been the only sparkling play for me in that sector, and I hate to see the shine dull.
Good luck to you, too, d12.