Re-rate trigger, page-17

Calik Holdings (1) one of the largest Corporations in Turkey and in particular the Chairman Ahmet Chalik(2) are the key to Alacer Gold's progress in Turkey via their Mining Subsidiary Lidya Madencilik (3) who own 20% of Copler and 50% of Gediktepe.

The Chalik Family are closely associated with the Turkish Government and look like they have some mighty pull in many sectors including mining.

SNIFFING AROUND

1. https://www.calik.com/en/homepage

Since the 1980s, Çalık Holding currently operates in energy, construction, mining, textile, finance and telecom sectors.

https://en.wikipedia.org/wiki/Çalık_Holding

2. https://www.forbes.com/profile/ahmet-calik/

p.s I think he might be worth a bit more than the Forbes Estimate

3. https://www.calik.com/en/sectors/mining-sector