It is really up to the AVO board of directors to decide on that....

It is really up to the AVO board of directors to decide on that. It will still run as two entities at the end of day (regardless if there is 100% control or not).

Dioro Exploration NL will still run as an entity (even when AVO has 100% control), it will just be operating under its own name or maybe Dioro Exploration Pty Limited as a subsidiary of AVO.

Even if say AVO has 85% of DIO, Dioro Exploration NL will still be a 85% controlled subsidiary of AVO. Nothing changes apart from staff and organisational structure. Its that the non-executive directors of DIO will be replaced with AVO's nominees. A cutback of staff maybe possible, depending on the synergies AVO may want to achive.

Read some annual reports of any listed company to see what I mean. If you look an BHP for example, BHP might have hundred's entities under its control, majority would be probably 100% control, some maybe 90%, 85%, 70%, 50%, or even 20%.