I think that the future lies in merges to create synergies for...

I think that the future lies in merges to create synergies for the small miners. Neither AVO or DIO look very good over the past 12 months while NCM has held up better. It is time that these companies tried to benefit from economies of scale. I hope that DIO see the advantages of this and agree to merge. The combined entity will be stronger for it. Deciding on a merger price is difficult because DIO holders want their full value and see no value in AVO or they would own it already. Given they have received a huge lift in profit in the last few days they should be happy and pocket it as their share price would still be languishing had the merger offer not come forward.