The big ticks we need now are the IDC loan for US$14mill and maybe up to US$6mill from the current cr would be good. That would get us to US$20mill without diluting excessively. That would then leave up to a further US$6mill to source either from other lenders or, at worst, another cr later at hopefully a higher sp.
Require $40m Aussie for construction if CAPEX doesn't increase and delays and interest in arrears to IDC for both loans - inflation running at nearly 20% in Angola and interest rates yet to be determined if loans are approved
Then running costs for 2024 of $10m or so
So how can what you state will cover above - let alone wait for another CR later
interest at 3 months in arrears for loans is itself in the millions
So misleading and 100% wrong imo
IMO - will require far more than what you state and that's if production is in 2024 - extremely unlikely
