egm get your questions in quickly, page-23

Hi TMT,

They have twice now raised money for opex.

They won't use $100M facility yet since if they cant meet repayments, they're gone.

I won't doubt the ground Fortitude hold, but they have no funding signed off to develop it and really CVI assets are in this entity (Fortitude) that the market doesn't really know about (via disclosure) ie expenses, staff, position etc.

IF Fortitude don't get the Pensador funding, where does that leave CVI investments/assets.

Purely just looking at the insurances CVI management have put in place as to Fortitude funding, and if they haven't, then its simply wrong timing (in relation to markets,CVI expenses etc) to keep pouring money into Fortitude.

Just some question that should be clarified at the egm. Not downramping - just giving ONE example of an important question.

Cheers,
The Sparkler