some figures for the panic sellers

If you are a long term holder I would urge you not to sell your shares at this ridiculous price

If you are a daytrader, hard luck, days like this happen..


At 2.6c CVI has 480,053,228 shares - market cap of

$12.48 million

This includes the recent 20 million shares issued at 10c each

$2million extra cash

Assets

FORTITUDE
CityView owns 40.5% of Fortitude.

Can someone update me on the value of Fortitude???

Projects & Prospects
1. Zenza/Dondo copper licence – 747 sq km
2. Cachoeiras copper licence – 3615 sq km
3. Benguela copper licence – 3943 sq km
4. Benguela SW copper licence – 355 sq km
5. Bentiabe copper licence – 183 sq km
6. Ucua gold/beryllium licence – 1369 sq km
7. Chipindo gold licence – 1433 sq km
8. Longonjo copper/gold rare earths licence – 3750 sq km
9. Longonjo diamond licence – 3000 sq km
10. Luachisse diamond concession – 2700 sq km
11. Nhefo diamond concession – 3280 sq km


DIAMOND CONCESSIONS
CityView has converted its concession rights into a 10% NPI
of Canzar Resources Limited’s (“Canzar”) percentage share
of Luachisse and Nhefo alluvial diamond concessions.
Production on these concessions is planned to begin in 2009
with a 200 tonnes per hour production plant installed on each concession area.

JOINT VENTURE INTO ANGOLAN TRANSPORT & LOGISTICS BUSINESS-
ENDITRADE is a logistics company wholly owned by ENDIAMA which is the Angolan Government department responsible for the development of Angola’s diamond industry. Under this agreement CityView will enter into a joint venture with ENDITRADE to create an Angolan Special Purpose Vehicle (SPV) which will be owned 51% by ENDITRADE and 49% by CityView. “Entry into this agreement not only strengthens our connections in Angola but will greatly assist us in the execution of our own projects through Fortitude Minerals and Pensador Resources”. Under the business plan for the JV developed by ENDIAMA, it is anticipated that CityView will receive a significant return on its investment within the first year of its operations. CityView will also benefit from tax holiday provisions available from this type of investment under the Angolan private investment law.

REFINERY
Read into the Refinery Deal
To me it looks as though it is still happening

11th September
"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.”

3rd October
"In regard to the oil refinery project, meetings are being held over the next fortnight in relation to the possible operational arrangements of the refinery. An update on this project will be given in a separate announcement."