AGM, page-61

The share consolidation is a great long-term positive for the company, particularly if it leads to a listing in HK and possibly NY. There would be few misconceptions in China about lithium oversupply, when you can see EVs all around you, and the Chinese should be keen buyers of GXY stock. That should include EV manufacturers, lithium processors and battery makers who need an assured supply of lithium and see a stake in GXY as a good way of getting that assurance.
At last year's AGM, AT did explain that consolidation was on the company's agenda, with the purpose being to lift it out of the speculative penny dreadfuls that prevent US managed funds from buying GXY stock. Also to give it the weight for a HK listing. So it should not be a surprise to those who've kept up with the research. How the market will react on Tuesday can't be foretold. It may dip if people follow Bob's advice, or it may surge and leave any sellers far behind. Long term holders will patiently wait and watch as they always have.