So, anyone got £20 million?

As you regular readers will know, I\’m the scandium man.

And as the scandium man I\’ve been working on a new source for scandium, demand currently being higher than supply.

In the last three days I\’ve had people looking for multi-year supplies….note, this is just the enquiries of the last three days…..of $12 millions\’ worth.

$12 millions\’ worth pa that is.

So, who has the £20 million I need to build the first stage of the extraction plant?

12 thoughts on “So, anyone got £20 million?”

  1. Demand higher than supply?

    Don’t you usually tell us that demand and supply are always perfectly matched – at a price?

    Perhaps you should rephrase “desire greater than the market’s ability to meet”.

    Oh, and sorry, I’ve not got £20M.

  2. Surely the way that capitalism works is that you now show that, given £20m you can offer returns of £xm/year, and raise funding through banks and shares?

    (Where x is more than can be had elsewhere, or less risky, or both)

  3. The market always provides .”Arise O Lord Market,lift up thine hand ,forget not the humble”

  4. “demand currently being higher than supply”

    I’m hoping that was put in just to see if we are paying attention.

  5. Ahh so gratifying to see DBC Reed still not getting it.

    Tim is doing exactly what an advocate of markets should be doing – appealing to the market for funding. If “The Market” likes his proposal enough they will fund it, if not they won’t. It’s Tims job to convince them, it isn’t some deity that grants wishes regardless.

  6. If all the readers of Tim’s blog chipped in a a tenner, he’d only have £19,999,300 to go. I’m up for it: who’ll join me?

    Actually, rude flippancy aside, isn’t this something that could be handily collateralised, even given the current lending squeeze? If it’s twelve mill a year for the foreseeable future, that’s north of 350 million NPV.

  7. Tell Antonio Horta-Osorio that you are a small British businessman – he has a target for lending to SMEs that he cannot meet while sticking to his lending criteria. You have a handful of potential equity investors (of course, I should like to read the business plan before signing up behind David, Dick and Steve, but as you are the expert I expect it will make sense).

  8. Some of those prospective customers might put some money where their mouths are. Even if relatively small small portions of the entirety, their put-up would serve as some assurance to’major investors.

  9. If it’s twelve mill a year for the foreseeable future, that’s north of 350 million NPV.

    That’s at a 3.4% rate, innit? Seems a tad low for something like this?

    Tim adds: Don’t forget, that’s revenue, not net profit…..

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