You're not alone there, I hate share consolidationst. In 2019 we voted for share buybacks, but that has been put on the back for the consolidation.
It would not make sense to do a buy back now at 6 cents a share when there has recently been a rights issue at 1,5 cents.The AGM did approve a resolution allowing a buy back but I think this will only happen after the debt is settled ( maybe after Trident Steel is sold) . Even then it would make more sense to resume dividend payments before buying back.