Do not concern yourself with initial bidding. Initial bidding is akin to us placing stink bids. Fine if you get filled but rarely happens.
Initial buyout offers are there to feel out how the shareholders respond and perhaps to what they reasonably expect.
Final offer is what counts.
I am also hoping for a sale price above 7$. My average price was in the vicinity of $2.25, then lowered it to 2.02 and recently 1.97. Mostly through day trading and I am not taking into account $ that I took out.
So I think I have done well. Others here have many shares that they aquired long ago well below a $. They are no less greedy than I so I do not see them parting with many shares below that magic 7$.
It all depends on when. The longer the time the better the chance for a higher price.
It could happen this year and it could be for as low as 5$. I say Could, but not likely.
I say best bet middle of next year between 7 and 10$. Closer to 10 the longer it is in the year.
The unknown monkey wrench in the works is the news from deep drilling at Eagle. These results will skew these type of opinions.
Also AT12, should it become another Eagle, well then all prognostication belongs in the waste basket and 20+$ is a distinct possibility.
Note that I have not mentioned the many other already known plays and possibilities from the vast claim hold.

The possibilities just boggle my mind.
Cheers.