Management, Show us the institutional investors!, page-162

I’m sorry to hear your experience, @GoNuke, but I can’t help but noticing that this is the exact sort of scenario I explained back in this post of August 2021, when many were bullishly carrying on about being long-term investors:

https://hotcopper.com.au/posts/55343050/single

In stocks like this, with track records like this, unfortunately most actual long term investors get diluted to death and jaded by multiple management changes, company rebrands, share consolidation, all whilst the ‘monster’ resource remains stuck in the ground. ROY/MGT is a classic example of this. Painful, but true. Invest accordingly.

(My quoted post above even points out how useless a share consolidation is for existing investors. It copped a lot of flack at the time but I gather many will now be in unfortunate agreement with me…)