Ann: Cabinda Phosphate Fertilizer Project Funding Update, page-368

Angolan shareholders 15%

Angolan Govt looking at equity ????

1.6 quarters of cash remain at 30/6/24 after recent $6m CR - cash being burnt in record time

Now at full mercy for insolvency and going concern from Angolan Govt and and Angolan Banks

imo 2026 growing season will soon be the new discussion

And likelyhood of achieving the 2025 growing season fast disappearing - contractor has not even signed agreement and CAPEX increases will possibly come into play

@chuk

Correct fundamentals need to stand up and to date none have