why bid so high

why bid 20% higher than the other bid , are there any other companies that want this , why not just go 5 or 10% .... could their be a capital raising more downside for our shares ........ correct me if im wrong but did sons of gwalia operate in this area , we all know what happened to them , forward sold gold but couldnt dig it up .... there seems to be a few smart people on here making constructive comments , maybe you should join the board and knock some sense into these people , as someone else said we are just mushrooms lol .... shorters must be laughing on a daily basis