REASONS WHY YOU SHOULD REJECT RAMELIUS’ OFFER
Your Independent Directors recommend that you REJECT Ramelius’ Offer for the following reasons:
1. The merger of Dioro and Ramelius is unlikely to be successful.
2. Dioro’s gold assets are more valuable than Ramelius’ gold assets.
3. Dioro is achieving record production results.
4. Switching to a shareholding in Ramelius involves significant risks.
5. If you accept the Ramelius Offer you will not be entitled to Capital Gains Tax rollover relief.
First point is spot on!
dioro directors, page-2
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