Would the single and 50, when both listed, maintain continuous proportionate value to each other (the 50 factor) or could demand create a timing difference the would present a play opportunity trading intra KWG shares?

I am concerned that this, like a reverse split, provides an opportunity to put additional downward pressure on a share price once it is fattened up. As to Cliffs, I think they would need to be on side with this given the significance of their KWG holdings.