directors seem to like avo, dig deeper, page-5

Your Directors have not had sufficient time to assess the (full terms) of the Ramelius Offer.

However, your Directors note that:
(a) the implied value of Avoca’s Further Amended Offer for Dioro Shares, based on the
closing price of Avoca’s Shares of $1.715 on ASX on 28 July 2009, the day prior to the
announcement of the Further Amended Offer, was 74.6 cents per Dioro Share; and
(b) the implied value of Ramelius’ Offer for Dioro Shares, based on the closing price of
Ramelius’ Shares of $0.50 on ASX on 29 July 2009, the day prior to the announcement
of the Ramelius Offer, was $1.00 per Dioro Share.

That was a taken from a DIO announcement and what are the full terms of the rms offer well there is not much to it really only the ratio of rms shares.

Rms offer is quite clear, 2 RMS share to every 1 DIO share, its that simple, to imply that there should be any other terms indicates that directors are looking for a better deal for themselves.

Read between the lines for god sake. What more clarification are they seeking, why would you accept lesser deal unless there were ancillary benefits.