DIO 0.00% $1.27 dioro exploration nl

RMS has 23% of DIO this means AVO will effectively be stopped...

  1. 3,822 Posts.
    RMS has 23% of DIO this means AVO will effectively be stopped from taking the company over. If dio shareholders dont take up the rms offer by the expiry date then dio will become a shared entity and the DIO share price will fall as the takeover offers come to an end.

    Dio has gone from 35 cents to 85cents in feb, I would see dio falling back to 35 cents when the takeover offer finishes. I thought of another possibility, when the share price sinks south avo and rms could do a joint compulsory takeover and obtain the resulting shares at discount.
 
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Currently unlisted public company.

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