It is a 1:100 consolidation. So your 1,000,000 shares get divided by 100 to get 10,000.
Your cost basis of A$0.007 is multiplied by 100 to get A$0.70. So the total value is the same,
that is, 1,000,000 X $0.007 = 10,000 X $0.70 = $7000
What is so hard to understand???