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Seeking 6.5B loan. Uncollateralized 15% monthly interest.
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MicDeath Titan
No Mans Corp
#1 - 2013-08-03 06:32:31 UTC
I am seeking this loan to cover the cost of a JF.
I field a fleet size of 15 mining operations. Usually getting about ~500mill a day.

Reason I am looking to have my own personal JF is to cut the time in delivering my products.

Loan term: 2 months.

Feel free to contact me in-game for any questions, or post here.

Thanks,
MicDeath of the Titans Guild
flakeys
Doomheim
#2 - 2013-08-03 08:44:02 UTC
MicDeath Titan wrote:

I field a fleet size of 15 mining operations. Usually getting about ~500mill a day.




Save your isk 2 weeks and you have one then.In the meantime use red frog or haulerschannel , cheaper then taking the loan.


Problem solved , NEXT .....

We are all born ignorant, but one must work hard to remain stupid.
okoolos rimmer
Napkin Nation
#3 - 2013-08-03 09:07:23 UTC
world peace?
MicDeath Titan
No Mans Corp
#4 - 2013-08-03 22:16:23 UTC
flakeys wrote:

Save your isk 2 weeks and you have one then.In the meantime use red frog or haulerschannel , cheaper then taking the loan.
Problem solved , NEXT .....

That would defeat the reason why the term is 2 months; taking this loan is cheaper than using Black Frog+Red Frog and the local JF's.
okoolos rimmer
Napkin Nation
#5 - 2013-08-03 22:25:07 UTC  |  Edited by: okoolos rimmer
you would spend more then 15% of 6.5B on hauling in 2 months? (975mil) .. at say 1 mil/jump that's about 48 trips of 20 jump length...

I think he's right you're better off saving isk for a JF and using a courier in the mean time..

edit: not to mention no wasted time + 0 hauling risk

Also what happens if you loose that JF? do you have a backup plan?
MicDeath Titan
No Mans Corp
#6 - 2013-08-03 22:36:48 UTC
It costs me minimum of 75 mill isk per shipment. 13 shipments already cover the interest.
Das Aivo
Chemical Redox
#7 - 2013-08-04 05:12:31 UTC
Can you provide proof of income?
MicDeath Titan
No Mans Corp
#8 - 2013-08-04 05:38:12 UTC  |  Edited by: MicDeath Titan
Das Aivo wrote:
Can you provide proof of income?

Yep.
I willing to open the wallet/contract API to a serious lender.
MicDeath Titan
No Mans Corp
#9 - 2013-08-05 12:59:44 UTC
Bump.
I Was There
Habemus
#10 - 2013-08-06 11:14:12 UTC
This seem bad. You shouldn't buy a JF before you can afford one. Besides, why not get a freighter instead if you're in highsec?
MicDeath Titan
No Mans Corp
#11 - 2013-08-06 11:59:25 UTC
I Was There wrote:
This seem bad. You shouldn't buy a JF before you can afford one. Besides, why not get a freighter instead if you're in highsec?

The issue is not being able to afford one. I just want to spread the cost over two months.
I already own and use a freighter. But that doesn't do me any good in getting stuff to empire space, unless I find high sec to high sec wormholes.
Setsune Rin
Ministry of War
Amarr Empire
#12 - 2013-08-06 12:06:19 UTC
are you mining in a wormhole or something?
MicDeath Titan
No Mans Corp
#13 - 2013-08-06 12:33:08 UTC
Setsune Rin wrote:
are you mining in a wormhole or something?


High sec pocket. Two entrances, one through a null sec pipe, and another that is 19 or so jumps of low sec.
Vaerah Vahrokha
Vahrokh Consulting
#14 - 2013-08-06 12:51:32 UTC
MicDeath Titan wrote:
I Was There wrote:
This seem bad. You shouldn't buy a JF before you can afford one. Besides, why not get a freighter instead if you're in highsec?

The issue is not being able to afford one. I just want to spread the cost over two months.
I already own and use a freighter. But that doesn't do me any good in getting stuff to empire space, unless I find high sec to high sec wormholes.


Your problem is: even with collateral, funding an operation involving low | null sec anywhere is still quite a risk.

I could take the risk and loan you the ISK but only if you have collateral @Jita.

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Logical Chaos
Very Italian People
The Initiative.
#15 - 2013-08-06 13:28:35 UTC  |  Edited by: Logical Chaos
Are you able to provide 7b worth of Ore in your lowsec pocket? Of course getting it out would still be a PITA but at least it would be somewhat collateralized.

Afterwards you could get the money and buy that JF and haul by yourself to pay back the loan at which point you get back your 7b worth of ore.

Furthermore:
What are your plans in case of a wardec or if this very thread attracts suicide gankers to go into your pocket. After all locating you via locator agents would be easy?
What do you plan to do if goons gank your juicy JF? Have you operated a Jump driven Ship before?
MicDeath Titan
No Mans Corp
#16 - 2013-08-07 07:13:20 UTC
Logical Chaos wrote:
Are you able to provide 7b worth of Ore in your lowsec pocket? Of course getting it out would still be a PITA but at least it would be somewhat collateralized.

Afterwards you could get the money and buy that JF and haul by yourself to pay back the loan at which point you get back your 7b worth of ore.

Furthermore:
What are your plans in case of a wardec or if this very thread attracts suicide gankers to go into your pocket. After all locating you via locator agents would be easy?
What do you plan to do if goons gank your juicy JF? Have you operated a Jump driven Ship before?


The logistics of hauling 7B of ORE will be a nightmare, time consuming, and not worth the time and effort.
40 trips through a high-to-high wh's. Being the fastest method.
32 Using Blue Ice.
Shipping the ORE through other JF's will cost me just as much as the collateral itself.

Shipping refine and using it as collateral will cost the same as the interest payment. Effectively paying 3 months interest instead of 2 months.
Shipping nearly 4bill of refine in a normal freighter is far too risky.

My plans for war dec?
Ignored as the JF will be on an ALT that hasn't hasn't be associated with this or other alts, nor is it in any corp but a random NPC corp.
Suicide gankers well depend on how much damage they cause.

Goons ganking the JF is always a risk.
As for operating one, yes I have before.

Anyway, the loan will remain uncollateralized.
If the JF is lost during the loan term, that will be on me, and the lendor will be unaffected. As they will still get payed.
Logical Chaos
Very Italian People
The Initiative.
#17 - 2013-08-07 09:49:28 UTC
MicDeath Titan wrote:

The logistics of hauling 7B of ORE will be a nightmare, time consuming, and not worth the time and effort.
40 trips through a high-to-high wh's. Being the fastest method.
32 Using Blue Ice.
Shipping the ORE through other JF's will cost me just as much as the collateral itself.


Which is why I asked if you are able to provide the ore where you mine it as a collateral? It would only delay your planned repayment a bit but add some kind of security.

If yes: How much m³ would we be speaking of?
MicDeath Titan
No Mans Corp
#18 - 2013-08-07 11:42:50 UTC
Logical Chaos wrote:
MicDeath Titan wrote:

The logistics of hauling 7B of ORE will be a nightmare, time consuming, and not worth the time and effort.
40 trips through a high-to-high wh's. Being the fastest method.
32 Using Blue Ice.
Shipping the ORE through other JF's will cost me just as much as the collateral itself.


Which is why I asked if you are able to provide the ore where you mine it as a collateral? It would only delay your planned repayment a bit but add some kind of security.

If yes: How much m³ would we be speaking of?

Ah My bad, I was thinking you were talking hauling the collateral to Empire space.

~35mill m3 in ice, ~46mill in plag ~47mill in veld

Since I am mining ice atm it would take me about 7 days to stock pile this amount.
Though if I do a collateral i will have to shut down my ore buy out program, and the ore buyout is the primary reason I do not want to do collateral.