$130 million reasons, page-7

"IF VCN was not to merge I certainly would be interested to buy more shares, knowing its now got the plant, albeit it needs refurbishing.

If the merger goes ahead I may still buy more shares."

That's how I feel too, the unmerged company is now considerably more attractive than the mergeco - which is reason enough to vote against the merger (not that it will do any good).

I doubt I'll buy more shares if the merger goes ahead but I will definitely hang onto the ones I've already got. Even carrying URL's potential dead weight Kylylahti should still be worth a premium on what VCN's trading at now.