This is a recommendation from the INDEPENDANT...

This is a recommendation from the INDEPENDANT directors....independant of whom: AVO or DIO? Usually "independant" means non executive, in which case thats means its the AVO boys that are voicing their view and they are hardly likely to recommend in favour, now, are they!!!!

REASONS:
The DIO assets are more valuable than the RMS assets...in which case what they are saying is that when they bid UNDER the value of RMS for DIO shares, the AVO mob KNEW they were bidding too cheaply....

DIO shareholders wont get roll over relief....well, neither will DIO shareholders who accepted the AVO bid, although they were promised they would.....

RMS share hold significant risk....RMS has $20 mill cash and at least 2 years of SIGNIFICANT cashflow AND no debt...AVO has 5 years of questionable cashflow, little cash AND $80 mill of debt....I know which one I would own if I had to chose!!

Really, at the end of the day, this recommendation lacks ANY credibility whatsoever.
Rhod Grivas and his fellow directors should hold their head in shame