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Old 18 October 2013, 08:27   #171
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Originally Posted by chris.moody View Post
Whisper
Are you in favour of the engine loan idea or not ? I don't want to hijack your rib fundraising task at all.
Chris
I think it's a great idea, but it will be a lot for someone to administer 50 x 40 loans and then return all the money transferring it back to everyone.
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Old 18 October 2013, 08:52   #172
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+1 so 41 to go.

(Just sold a kayak, so I'm ok for a couple of quid)
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Old 18 October 2013, 08:57   #173
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I think it's a great idea, but it will be a lot for someone to administer 50 x 40 loans and then return all the money transferring it back to everyone.
Surely we just send you 40 cheques to pay in, and next year you write out 40 cheques to pay us back after the rib has been auctioned. Not too onerous. I'll say if you forget to pay me back

Obviously if the rib finally sells for less than 2k we each get less back than our initial loan, that's a risk we all collectively take (I'm happy to take that risk if it potentially enables us to raise lots of money for Macmillan).
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Old 18 October 2013, 09:08   #174
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I'm in 40 to go

Also have we got a anchor yet I have one in the garage
Alex got your p m will post the other bits to you or bring them along when the rib is being worked on

Sent from my iPhone using Rib.net
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Old 18 October 2013, 09:15   #175
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It might be useful at this point to estimate what the RIB is likely to sell/auction for. It might make the decisions about loans and engines a little easier...
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Old 18 October 2013, 09:22   #176
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It might be useful at this point to estimate what the RIB is likely to sell/auction for. It might make the decisions about loans and engines a little easier...
its not so much what its going to be worth but what use it gets. Going "round Ireland" (or whatever it does do) would put an older engine under a lot of strain, which might kill it off, as could how its helmed etc.

Projects like this will never return full value, as the boat will still be a older SR at the end of the day which has a top value regardless of what you do to them. www.BoatsandOutboards4Sale.co.uk
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Old 18 October 2013, 09:23   #177
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I'm in.
39 to go.
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Old 18 October 2013, 09:24   #178
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Projects like this will never return full value, as the boat will still be a older SR at the end of the day which has a top value regardless if what you do to them.
Which is why I was wondering if it made financial sense to actually purchase any of the components at or near market value?
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Old 18 October 2013, 09:41   #179
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Which is why I was wondering if it made financial sense to actually purchase any of the components at or near market value?
Unless the Money is a donation instead of a loan?
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Old 18 October 2013, 09:42   #180
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After a long chat with Biffer he is going to pop into the bank to ask a few questions
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