I wasn't going to post this until tomorrow or Wednesday, to give ASX and ASIC time to send in their questions, but as today's update has passed through the ASX hands without question or query that we know of - here is some more information - particularly relating to this section of the update....
Minerals and Diamonds CityView holds 75,088,849 shares in Fortitude Minerals Limited ("Fortitude") which has interests in mineral and diamond licences in Angola. CityView's holding represents 22.93% of the total issued capital of Fortitude. The mineral licences are Cachoeiras, Zenza, Benguela, Benguela SW, Bentiabe, Chipindo, Longonjo and Ucua. The diamond licences are Nhefo and Luachisse. CityView's investment in Fortitude is fully impaired in its Financial Statements.
I sent this email to ASX, ASIC and some other interested parties last Friday - thanks go to 123enen for again, being on the ball....we do follow up with a lot of company registries and updates and get automatic data sent through for some of them. With Belize, being the place to apparently hide dirty money and be totally private from prying eyes, other methods needed to be used!!
Dear (names withheld at ASIC)
CVI:ASX I am concerned that the CEO of CVI has with held from its shareholders, material information relating to changes in a significant investment of the company.
Page 10 of CVI 11/02/2010 Release to ASX includes reference to CVI's 22.93% investment in Fortitude Minerals Limited and to Fortitude Minerals Limited interest in Mineral and Diamond licences in Angola.
However both Fortitude Minerals Limited and wholly owned subsidiary Glenvale Associates Limited are on the Belize 2010 "struck off list".