Does seem like they have a long term plan to get the share count down. But at this rate it will take a few years. Wonder what there target share count is. Less than 200, million wouild be nice. Hey, that is only about a $35 million buyback at today's share price. Probably I am dreaming here and really they just want to look like they are doing something about the Australian style share count.
So maybe when (if?) Bau starts to look like something that will be producing in the forseable future, the stock will look much more attractive - growing production, not hostage to the whims of Vietnam, and with a reasonable share count.