dio directors recommendation re rms bid, page-17

There is another scenario lol That rms or avo dont get enough shares to take over dio and it becomes a shared entity.
In the mean time there is a gold correction and dio looses its short term up side and AVO debt kills it, leaving RMS to pick it off for pennies.
Those poor shareholders who thought takeing up the AVO offer would give them capital gains relief loose the exeption anyway, and the capital gains incurred by taking up the rms offer is offset by the larger offer.

RMS takes off and becomes a high grade mine, therefore choosing the RMS offer, more than offsets any capital gains.
The AVO acceptance leaves you hung out to dry and marginalises your upside in the case of a shared ownership.

I can almost see people eyes poping lol