Mike over at Cougar extended some warrants a few months back. Seemed to happen quite seemlessly. My only assumption for not wanting to extend the warrants would be if they are involved in some talks with a suitor or partner; or perhaps they feel that with the improving market for Precious Metals the company is worth much more and they can easily get more on the market later. I do not have any WEL warrants so I for one am neutral on the issue. I bought in low enough that excercise price for the warrants puts me in the money so I win either way.