It was close to 5% of the total number of shares not to be defined as an insider or it could be Dundee(I think not). I consider the seller had pretty much done his job. Now, let's wait for the assay results.. I picked up more than 400K in the past week after dumping 200K of FNC.
You could be correct as others are very cautious to take a move at this time. Give a day or two.
Good Luck!!