Ann: Taruga Announces Joint Venture with Resolute Mining Ltd, page-20

I doubt anyone would get TAR in a takeover at this point, the directors and their mates own most of the shares. The original capital raise to kick off was 20c so most of these guys a under water. I think the strategy will be to keep acquiring ground, drilling and doing deals. Also there is no reason to take over TAR at the moment, they don't have any minable projects at this point. Most likely the biggest chance of a massive increase in share price will come from a decent discovery.
As the share register is so tight and major shareholders are unlikely to sell due to wanting to recover from the 20c capital raise I would expect an unusually large upswing in the share price on any decent news. 8c would be an easy target at just $20 million market cap. A minable project around $1 million ounces should see them around $200 mil market cap = around 80c. But they have to find something obviously.

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