4.8 • 653 Ratings
🗓️ 1 August 2019
⏱️ 72 minutes
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0:00.0 | So Dave's last act with the boat was to, it's a long story, but put it this way, we ended up with a cargo of porcelain. |
0:13.0 | Okay. |
0:14.0 | And I got a share of it and that was what gave me the capital to buy half the boat. |
0:21.6 | This is Martin Daly, talking about how he financed the purchase of the Indies trader. |
0:28.0 | So Dave Barnett, my mentor, was an absolute pirate, and he made his money, his initial money, |
0:35.2 | by taking all the scrap metal off the Second World War ships. |
0:42.6 | Mainly manganese bronze, the propellers and the condenses because they're steamships |
0:46.3 | and they had these big, you know, lots of copper pipe with these condensers. |
0:50.4 | And back in the 70s, late 60s when he was was doing it, copper was like $1,000 a ton scrap. |
0:58.4 | And you could buy a house for $8,000. |
1:01.6 | So he'd go out for six weeks and come back with 30 tons. |
1:06.1 | Whoa. |
1:07.6 | That's four houses. |
1:09.9 | You know, it was a little bonanza |
1:11.4 | and so this |
1:12.8 | the industry was built |
1:13.7 | specifically to do that |
1:15.0 | okay |
1:15.4 | to pick up scrap |
1:17.0 | off diving |
1:18.4 | salvage |
1:19.6 | and Dave was also interested |
... |
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