mej post consolidation - need help

I never have any stock in the middle of consolidation.
But can someone enlighten to me how it goes?

it is mentioned:
Estimated issued capital following the proposed
Consolidation (5.715:1) --> does this mean our current share needs to be divided by 5.715

also there will be shares issued on $0.2

I have a scenario here. can you please correct me if i am wrong?
So if at MEJ current price (let's say 0.05), i buy 200.000 units
then after consolidation, this will be:
200000 unit / 5.715 = 34995 unit

then there will be shares issued on $0.2
we will expect that the new sp post consolidation will be $0.2 (is this correct?)

That means my current standing after consolidation will be:
34995 unit * 0.2 = $6999

and i got a lot of lost ~~
i think my calculation is wrong though haha

Can someone help me.
Thanks