Hard to believe people think this would trade 70 cents to $1...

Hard to believe people think this would trade 70 cents to $1 without a bid. Its a tiny resource which they have not managed to grow at all despite drilling. Nobody is gonna fund the capex, I can guarantee it. They also don't have the capital to drill the hell out of the area

Market is starting to give up on a higher bid so it's either take the 50c or see it fall back to 30c or lower