auditors report, page-38

For the lazy her it is:
We have been unable to obtain all the information and explanations we require in order to form an opinion on the financial report in respect to the following investments and payments as detailed below.
Investments - Associated Companies
Balances prior to impairment through the Income Statement
−
European Oil Limited $ 887,760
−
Fortitude Minerals Limited $ 10,064,021
−
Pensador Resources Inc $ 12,436,720
Audited financial accounts for the period ended 31st December 2008 have not been made available to us in respect to the above associated companies or other evidence to support the investments.
Write off – Preliminary diamond exploration expenditure $4,190,413.
We have not been provided with sufficient evidence to perform appropriate audit procedures to test the integrity of the above expenditure which has been written off through the Income Statement.
DISCLAIMER OF AUDITOR’S OPINION
In our opinion
a)
because of the limitation on the scope of our work as described in the preceding paragraph we are unable to and do not express an opinion as to whether the financial report of CityView Corporation Limited is in accordance with the Corporation Act 2001 including:
i)
giving a true and fair view of the Company’s and Consolidated entity’s financial position as at 31st December 2008 and of its performance for the year ended on that date ; and
ii)
complying with Australian Accounting Standards (including the Australian Accounting Interpretations) and the Corporations Regulations 2001.
b)
The financial report also complies with International Financial Reporting Standards as disclosed in Note 1
MATERIAL UNCERTAINTY REGARDING CONTINUATION AS A GOING CONCERN
Without further qualifying our opinion we draw attention to the matters set out in note 1(c) in the financial report. These matters indicate the existence of a material uncertainty which may cast significant doubt on the group’s ability to continue as a going concern and therefore whether it will realise its assets and extinguish its liabilities in the normal course of business and at the amounts stated in the financial report.


Not the last bit about an ongoing concern ! Mebbe no EGM ??
Pensador deal was the cruncher for me - epecially when they would not bail us out and we had to then raise more money to run the office - give me a break !