An unholy Trinity: USD 125m < 10 mths to resolve....., page-183

Consolidation as an idea I reckon is flawed. Galaxy consolidated at 5:1 and pushed higher to $4.54 (90.8c pre consolidation terms) in mid January 2018. Right at the height of the lithium bull run. It has never been as high since and recently hit a low of 90c (18c pre consolidation terms). Continued weak lithium prices as you have already pointed out will continue to erode investor confidence and the SP. Which will negate the benefits of consolidating and listing on another market. Trumps measures on China are still ongoing and none of the tariffs have been lifted so further pain is yet to come. The odds of a global recession are looming large as US monetary policy is flawed. Many Chinese companies have already moved offshore so Trumps measures will hurt the US more than the Chinese.
Hence consolidation is not an option right now.