Extract from letter to shareholders today."Over the last 12...

Extract from letter to shareholders today.


"Over the last 12 months, Dioro has been in discussions with a number of third parties, both
domestic and international, regarding potential transactions. In addition, prior to the
announcement by Avoca, Dioro had held preliminary confidential discussions with a third
party regarding a value-maximising transaction. Ongoing discussions with various parties
may potentially result in a counter offer to the Avoca offer or an offer to acquire all or a
significant portion of Dioro’s assets. Such an offer or counter offer could include cash or
securities in the third party. While your Directors will evaluate these opportunities, there is
no guarantee that any alternative offer will eventuate.