I'd be surprised to see a takeover at the moment but if someone want's to come and offer £1+ then I'd have to think about taking it! Based on previous comments on the funding (not to be less than the previous level of 50p) then I'd expect Golan to be after a significant premium on the current share price.
My instinct is though that we won't see anything for a while and that we'll need to be producing before any t/o comes.
Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, was notified on 7 December that on that day Linda Naylor, the Finance Director of the Company, purchased an aggregate of 100,000 ordinary shares of US$0.01 each ("Share(s)") in the Company at a price of 19.75p per Share. Following this purchase, Linda Naylor has a beneficial interest in 728,000 Shares representing approximately 0.29% of Chaarat's issued share capital.
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