It's not a dodgy deal. It's linked to Craig Gore and is straight up. It means all of the money in the bank far sooner than the CEG deal.
Gore's group may well go for a bit of the Martha Cove stuff too.
My gripe with this is that CIY are off-loading their marina assets. This is clearly a change of direction from their AGM where they stated a Marina Fund was next up due to lack of berths etc.
It just highlights that cash is tight.
CIY Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held