To suggest PVD have $8m to throw around is hopeful at best........

To suggest PVD have $8m to throw around is hopeful at best.....
PVD had $7,576,765 in cash 31/12/18. Expected outflows for next qtr were $313,000. However they have also continued spending cash on their own share buy back and also purchasing a significant stake in FTT. The FTT share purchasing may be considered an investment however selling a block of that size in FTT at purchase price may be problematic!!
The other big issue noted in the half yearly figures (and should be well known to PVD holders!) is an Other Liabilities figure of $4,551,371 which relates to an amount which may be payable to the DHG in Gabon.
I know that this amount is in dispute and PVD have stated they have legal advice suggesting it won’t be payable, however it is still considered prudent to list as Other Liability and Directors must ensure they have this amount covered.
The fact that PVD have suspended all activities in regard to the Nkembe PSC, purchased significant holdings in FTT to try and gain control, previously purchased significant holdings in Jacka Resources and continued returning capital by way of a share buy back must surely raise questions.
I cannot find a coherent strategy in their anns, however perhaps one of their holders can enlighten FTT holders (although PVD threads would suggest most are in the dark there too)