Minchyon what if the gold price goes to 500 or 2000 per oz....??? I don't think that using an industrial company's history is terribly relevant to forecasting the possible future price of a gold company's shares when left in minority hands....good example of what I'm talking about might be portman (pmm). It's not gold but the minorities sure got a good ride on the back or iron ore prices. The value of a company's assets are not simply defined by what someone is prepared to pay for them, they are also defined by what the sellers are prepared to sell them for.....and if there is a period over which the bidder disappears values will readjust again. I think, if AVO want to own 100% of DIO then they need to decide whether they will be able to pick it up cheaper in 6 mths time. IMVHO they would do well to consider that right now may be the cheapest time ever to give it their best shot.... God forbid that the minority stick should fall into a greenmailer's hands if they did back away for 6 mths.
DIO Price at posting:
70.0¢ Sentiment: ST Buy Disclosure: Held
