Ann: Consolidation/Split - LRS, page-19

If this plummets (and it will), then not only will your consolidated shares be worth nothing you will now own a significant amount less of that nothing. The company will go into voluntary administration and CG will move onto his next role which could potentially be on the board of whoever picks up the shell. All this without sinking a drill in any ground. A few surface chips here and there will apparently guarantee you a $500k p/a pay cheque for multiple years these days. If I ever see his name associated with any listed company, I don’t think I’ll be investing.