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TICKER: ASX:CVI, CTVWF WEBSITE: http://www.citiviewcorp.com The information below is based on the most recent information we have received from analysts and the companies participating in The Gold Report. We encourage you to visit the company's web site for updates. "...for a shot in the dark I like Cityview (CTVWF, CVI.ax). This is a very interesting little deal that has collapsed. They were doing a gigantic financing for offshore oil production in Angola, which fell through when the credit markets collapsed. They are now doubling the float of the company to raise capital to put a Diamond Mine into production in Angola, they are also looking at an oil refinery. This offering should allow them to survive and they will get production from the diamond mine. They will have a huge float (over 900 million shares), but they have the former Angolan Mines Minister as chairman and are positioned to be a leading company in Angola, Right now the stock has a market cap of about 8 million of the new offering. It is something that could turn around huge when this is finished or tank if they can't get the funds. It is worth a small roll of the dice at .01." - The Gold Report Interview with David Skarica, Addicted to Profits (11/14/08) |