I agree with your sentiments menaced. Dio has been unlucky on a couple of occassions with its South Kal tenement, which has inturn set it and its share price back. AVO's bid is opportunistics and is trying to exploit the situation. Dio is a well run company wich has an excellent portfolio of prospective tenements,including the JV with VALE for uranium. The infill drilling that Dio & LaMancha have recently undertook have yielded excellent results, which bodes well for the forthcoming resource upgrade. There is plenty of potential that has not been realised which AVO wants.
In my opinion you would have to be a mug if you took up the AVO offer.
DIO Price at posting:
66.0¢ Sentiment: Buy Disclosure: Held
