Ann: Quarterly Reports, page-87

From the quarterly:

“The decision not to proceed with Exploration Licenses acquisitions previously proposed, and the expected changes to the capital structure, amount and terms of any equity capital raising (if any), due to the underlying terms of expected cobalt offtake and financing (debt/equity) left the Company with no choice but to withdraw its April 2019 Application, which it did in late May 2019”

Does this mean they do not want to consolidate the shares?