I am a long term gold bug and can only say that the Ramelius...

I am a long term gold bug and can only say that the Ramelius offer is at the high end of the risk scale. Avoca have made some good points in their Response to Dioro’s 8th (!) Supplementary Target’s Statement, but at the end of the day Avoca has proven itself, has a good MD and enjoys the Counsel of a good Chairman, whereas Ramelius has not - at least to my mind.

If Avoca walk after tomorrow, and I expect they will, I think we will see:

1. Dioro fall further;
2. Avoca request a seat at the table (Board) and chip away from the inside.