some interesting stuff mr. jones mentioned

Nothing new but couldnt help but be peaked in interest about it. These are parts from the EGM last year:

At the EGM you commented that Sundance may consider a share restructure within six months. Can you elaborate on the reasons for this and the potential impact on existing shareholders?

George Jones:
"I believe the number of shares on issue, now some 2.7 billion, is a serious drag on the Company. Sundance needs to move on from being a high volume stock for day-traders to a position in the market that recognises its future growth potential and gets us on the radar screen of larger institutional funds.
I will therefore be recommending to the Board that Sundance give consideration to undertaking a share consolidation within the next six months. The structure and timing of this will be carefully considered to ensure that any consolidation is value-enhancing for current and future shareholders.
For example, I believe such a consolidation would only make sense for our shareholders if it were linked to a significant corporate transaction such as bringing in a strategic partner or undertaking a large capital raising. As we progressively de-risk the Mbalam Project by ticking off some of the major project milestones over the next few months, I expect that the market will recognise and support this strategy.

http://www.sundanceresources.com.au/media/35507/asx%20announcement%20-%20inside%20briefing%20george%20jones%20on%20the%20mbalam%20iron%20ore%20project%20-%2017%20september%202010.pdf

The last parts could be what is planned in the coming weeks.
Just a question on consolidation though? Can anybody explain to me how it works exactly? From what I understand it reduces the number of shares, raises the price but our individual original shareholding value does not change?

Thanks in advance for answering my questions, much appreciated.