scrip takeover by avoca, page-4

I used to be a supporter of DIO but the capital drain of development dollars for the Harmony projects seemed to go on and on re the cutbacks, pitwall failures. The company just seemed incapable of reliable production and positive cashflow. This meant little in the way of innovative exploration - so I felt the potential of the Harmony land was not realised. Frog's Leg seems to be coming good after a long build up.

Presumably DIO mangement just think with the ordinary permormance of the Harmony operations they cannot really develop the company.

angus