I'm adding to position at these prices but will vote against...

I'm adding to position at these prices but will vote against merger.
1, political risk too high in Sth America if world-wide recession kicks in (Armenia Christian surrounded by Muslim nations will strictly adhere to Western organisations has joined)
2, too hard for miners too make decent coin in Aus with spiralling costs etc

I personally feel Matt Wood has sold out IBR shareholders and taken a soft option. I'am a top 50 shareholder and there would be a few other Hotcopperites with substantial holding . I have 3 year valuation of IBR >$5, but feel IBR won't fly if tethered to a copper miner.