The more I think about it, the more I reckon KGL management must...

The more I think about it, the more I reckon KGL management must be very optimistic about Andash, to propose a consolidation.

Otherwise the logic for doing it would be partially, or wholly invalid ??

institutional investors are hardly going to want to jump on board if it doesnt look tasty, especially as a $1 SP introduces an extra dimension of downside risk.... as others have noted, price may fall proportionally more post consolidation on bad sentiment.

If the negative were to take place, I would consider it a black mark on management, as the company does incur costs in these procedures too.

Hope my optimism is not misplaced