Ann: DFS Delivers Compelling Economics for Cabinda Project, page-165

What shareholders are hoping for is MNB to secure the remaining funding through loans, grants or whatever from organisations such as the AFDB, secure funds from the Angolan government or prepayments for off-takes. A lot of investment has been going into Angola, and factoring in that MNB so MNB has plenty of options to choose from, they could get one big loan from one entity or secure smaller payments from multiple sources. Thus, there's little to no excuse for MNB to resort to a CR to cover the remaining CAPEX needed (which I'd be disappointed if MNB goes this route).

How MNB secures the remaining capital is anyone's guess, some are skeptical to think MNB will do a CR because there was $25m raise in July and that's a valid concern, others think they would seek funding from organisations. Regardless, let's hope MNB secures the remaining funding at the expense of more dilution for shareholders.