cityview: refinery decision, page-13

Maybe this is how they will fund it. Remember this:

HARDT ENERGY acts as arranger and project advisor to Tagore Investments S.A. - the total
purchase consideration is US$320 million. US$150 million of this will be raised by the placement of CityView shares, the price of which has been agreed with European institutions at Aus 20c per share.

The balance of bank funding will involve both a major West African bank and a Global bank with the terms of the facilities and required due diligence in hand.