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Reading through the notice for the A.G.M they are going to seek approval for the following:-

Institutional Placement of up to 125,000,000 fully paid shares, or a maximum of US$125.000.000. These are to have an issue price of at least 80% of the average price for the shares over the last 5 days on which sales were recorded before the day on which the final prospectus is lodged.

All shareholders holding shares will be offered shares at the same price up to $15000-00

If MOL can raise the full amount through the Insto placement, then they should have no trouble raising enough cash to pay off TCW.

That will put MOL in a position to commence work on the Iron Ore mine. With no debt and an income stream, finance for the Molybdenum mine will be much easier to get.