Industrial Alliance appears to be a hungry buyer. One of their offices is in Timmins so it could be related to the timber people. Concerning the news black-out of the drilling results, personally like everyone else, we might feel we are being left to speulate and to sift through rumors. As mentioned here a few times, it appears that the management is running the company as it is a private entity.
In any relationship, silence is a killer. A friend of mine was a compliance officer for a U.S. leading brokerage firm who once told me, "secrets destroy organizations." This may not apply here but I felt it was worth mentioning during this questionable period of silence.