Either DIO is underpriced, or AVO is overpriced imho, and I feel it is DIO that is underpriced.
DIO has a lot of greenfield potential with their massive lease holdings. Some of the old South Kal leases near Lake Cowan are very prospective for gold, nickel, and PGMs. St Ives (Goldfields) hold a lot of ground in the same area, which they're slowl;y exploring. Closer to Kalgoorlie, their other leases are also very prospective. At the offer price by AVO, DIO is a steal!
The above is NOT investment advice, so DYORI hold, and am very much against AVO taking over at their price!
K
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