I'll rephrase - this announcement is the AGM presentation. It is not an ad hoc investor presentation released for no reason (which all companies tend to do pre cap raise). MEL are funded for their current commitments, so would only need to raise debt/equity to replace the KBC loan in the event that a default notice is valid (from what I've read I don't believe it is) or the company wants to refinance the KBC loan.
I was taking exception to the connection being made between an AGM presso and a capital raising. It's clear that they could've titled this announcement more clearly.
Ann: MEL Investor Presentation AGM 2023, page-21
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