"Over the last 12 months, Dioro has been in discussions with a number of third parties, both domestic and international, regarding potential transactions. In addition, prior to the announcement by Avoca, Dioro had held preliminary confidential discussions with a third party regarding a value-maximising transaction. Ongoing discussions with various parties may potentially result in a counter offer to the Avoca offer or an offer to acquire all or a significant portion of Dioro’s assets. Such an offer or counter offer could include cash or securities in the third party. While your Directors will evaluate these opportunities, there is no guarantee that any alternative offer will eventuate.
DIO Price at posting:
65.0¢ Sentiment: Hold Disclosure: Held
