I want to bring everyones attention to the last paragraph of the Chairman's address:
"With this refocus, CityView will be able to position itself to make an acquisition of an income producing asset. For the past two months the Chief Executive and I have been negotiating to acquire an interest in a producing anthracite and coking coal operation located in Natal South Africa with export quotas through Richards Bay. CityView is owed approximately US$9.72 million (which includes interest) by Fortitude. It is intended to utilise this asset as consideration in acquiring the interest in the income producing asset. We will keep shareholders informed of developments."
Possibly, if they were to bring something positive and of value prior to or at the AGM, one of these assets listed, maybe it?
Cheers all,
tfish
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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