One more thing to add to thatThe lower the share price is the higher the partisipation rate of any suitor becomes.... If they put in $100 million at $.50 cnd that is 200 milllion shares . This reduces the risk as they would already have 30% ownership.
Compare that to $100 million at a buck they would only have 15% ownership and much higher risk of loosing on the trade value of those shares
I believe IAU is in play here and shareholders are deciding the value or lack of value they now hold.