That's coz it's a huge gamble (still). Of course by the time it isn't a huge gamble it will be priced accordingly - always the way.
If I was you Bio I would take some at 1.7 so not to miss out completely if ANN finally drops, but wait for 1.4-1.5 for most of it. If we really need to wait another week you will get it for that.
Hell, if we have wait through Easter then you can probably collect some around a cent.