Ann: Addendum to the Notice of Meeting for Annual General Meeting, page-27

Gotta, Think about this.. Vinva/the shorter borrowed 57M+ CVN shares. Most of those shares likely came from instos. Imagine how happy they are to be put in at 39c and 33c (Last two Cap Raises).
Those instos own a lot more than 8%. The 100M in the CVN bank came from them.
Vinva/ shorter can't buy on market. That would shoot the price up/ extinguish profit. So Vinva is clearly betting your CEO is a "one trick pony" and will simply do another cap raise. - Vinva is counting on buying back in then. (at other shareholder's expense & dilution).
If your CEO was more entrepreneurial & ruthless he would have come up with a "think different" way to fund Dorado without a cap raise. Andrew Forrest was a master at it back in the early days of FMG.
Since the shorter arrived months ago, CVN could have sold off Buffalo / sold down Dorado / issued a bond / gone to the banks early / sold off other exploration permits / Whatever!!.. / anything to burn the shorter..
They could have turned the short situation to the company's (and long term shareholder's) advantage.
Yes CVN has 100M in the bank. So its not impossible to come up with the other 100M+ required for FEED without a cap raise. Been done before..
Bit late now to put an ex-banker on the board. Should have been down months ago.
We all know Dorado is a monster and will happen. Just maybe not with "Cap Raise Cook".