The information available from company reports is that Fortune Dubai provided a loan to the company and the Gold Processing Plant was used as collateral for the loan.
From the March Quarterly Report:
"During the Quarter the Company has been in discussions with Fortune Gems and Jewelry DMMC (‘Fortune’) in relation to the redeemable Notes (‘Notes’). Citigold is in discussion with Fortune on the Notes’ redemption date and will make a further announcement when the current commercial negotiations are complete."
The question is If the company has leased / relinquished the processing plant to another party why has it not been announced to the market as it is material IMHO or are they waiting to include it in the next quarterly due at the end of July.
DYOR My thoughts and ramblings only
Citigold's mill will produce soon, page-4
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