Ann: Notice of Annual General Meeting/Proxy Form-IDC.AX, page-24

Chances are, if IDC has a project (and I doubt it will be in PNG - kiss it goodbye) the SP may be north of 2.4c. With only 3 million shares on issue there will be little problem issuing another million to raise the funds necessary to create a future in some sector.

As one poster said a lot of shareholders will be wiped out by the share consolidation but for someone with your holdings things may end up better than they appear today.

Good luck.