Well most of us are pretty sure a takeover will eventuate at...

Well most of us are pretty sure a takeover will eventuate at some point soon the question most people will be wondering is what price will have to be paid. I have heard someone say on this thread it could be around $4. I don't doubt it might get that high once the bidding war begins but surely the first bid won't be this much.
I'm guessing the first takeover bid will be about $1.75 per share, this is being conservative btw. I'm hoping for a lot more but trying to be modest.
What are your opinions on this?