“We believe that Alacer is becoming an increasingly interesting target for a potential takeover, our rationale being an acquirer can pay a reasonable premium to recent share prices, assume zero value for Australian assets and still be in the black for the prize Turkish assets"

 

http://blogs.wsj.com/dealjournalaustralia/2012/12/11/alacer-gold-ripe-for-a-1-95-billion-takeover-macquarie/