cvi value is at 40 cents ceo explains is cheap

This stock is way undervalued, it is worth 40 cents and is currently in negotiations to acquire a 320mill purchase of a Oil Refinery

Listen to the CEO's radio talk, uses the link below

http://www.brr.com.au/event/51516

Oil Refinery Acquisition & Funding

•CityView signs contract for acquisition of refinery for West Africa.

•Debt Funding from West African and European Banks.

•Of the US$320 million purchase consideration, US$150 million to be raised by placement of CityView shares at Aus 20c per share.

CityView Corporation Limited (“CityView”) is pleased to announce that it has signed a conditional contract for the acquisition of a 50,000 barrels per stream day (bpsd) oil refinery, as foreshadowed in its announcement on August 18, 2008.

The total purchase consideration for the refinery is US$320 million. US$150 million of this will be raised by the placement of CityView shares, the price of which has been agreed with European institutions at Aus 20c per share.

The debt component on the refinery will be secured against the refinery itself with payment of principal and interest being deferred until cash flow is generated from the sale of refinery production.
CityView CEO, Mark Smyth said; “Now that we are in a position to secure the refinery, we can finalise negotiations with third parties to determine the most suitable site to locate it. We have several options that are available to us at the present time.”
“In addition we intend to expand the refinery from its current design capacity of 50,000 bpsd to 100,000 bpsd.”
Level