Let's focus now on the RMS bid. Only condition remaining is FIRB...

Let's focus now on the RMS bid. Only condition remaining is FIRB approval, which should be a formality.

RMS is holding well above the 45c mark - translating to a 90c DIO price.

Is the market assuming that RMS will come back below 40c if there is a reasonable level of acceptances? Otherwise why would you buy RMS on market now when you can buy it via DIO at a discount?

Seems there has been some recogntion of this in the move up from 72c to 79c over the past few days.