gold, page-8

Buckland, I would say you’re reading too much into this consolidation. They would like to have 200m shares outstanding (to get a nice round number comparable amount to their peers), to get this number they need to divide by 22. As far as the market cap being 58m not 70m, they perhaps approximated from an average of the preceding few days.
Your concern about what they are doing is answered in the BRR interview and quarterly reports before it. Last quarterly clearly detailed the impact of the hedging and throughput optimisation to lower costs.
To answer your question about chasing higher grades, they will be following a detailed mine plan that has been optimised to give the highest return giving many factors so don’t stress on that