GEAR shares hit as high as 93.5 cents on Oct 10, up 11.3% from the close of 84 cents last Friday.
Indra Widjaja, who is one of the controlling shareholders of Golden Energy and Resources, is in talks regarding a “possible acquisition” of the coal and gold miner.
Widjaja and other family members hold 77.49% of the company as at March 15.
