If AVO get to 50%, the bid will be extended. If not, it closes.
They can come back down the track and either buy on marketr - up to 3% every 6 months from memory, or by making a new offer at the same or better price. They can only offer a lesser price after 4 months.
The premium over the AVO price has disappeared now, indicating that the market is unwilling to factor in an RMS premium. This means that the market believes the RMS price will come down to meet the DIO price rather than the DIO price going up to the notional 92 cents currently.
Choices are:
1. Accept the AVo bid and hope that AVo price rises once this is all over - good potential for that to happen 2. Do nothing, wait and see if AVO gets over 50% and extends. If yes, then have more time to make decision. If no, then either accept the RMS bid eventually, or hold on longer term and see what happens when AVO have Board seats/control.
Difficult decision to make in the next 3 hours!!
DIO Price at posting:
72.5¢ Sentiment: Hold Disclosure: Held
