A lowball offer may very well come but that will just get the ball rolling.
There are too many shareholders with high costs to settle for anything less than $2.
This most recent decline in the stock price is on volumes of less than 100,000 shares traded on most days.
When people where buying at $0.85 and higher the volumes were often 500,000 shares per day or more.
Not to mention both RCF and Bao would not sell out to a low takeover offer.
No need to worry as this company will go for what the shareholders will sell it for.
If I had to guess would have to be above $1.80.
There's no doubt that the stock price is being manipulated as far too many days right at close selling occurs in just the right amount of shares to take the stock down.
I believe some entity wants this stock price lower and they are working hard to do so by selling shares at a loss.
In the meantime some are taking advantage by buying more. I am when I can afford to do so.
I buy because there are billions in the ground. Too much value to pass up at these prices.
JDR