Fixer-upper or a a recycler special?

I'm looking at this unknown brand, welded, western-style boat. Clearly, it's been patched by an amateur and in a very sensitive spot at that (the transom). I'm inclined to walk (or maybe run) away from this one, but as the asking is $200 my penchant for thrift is second guessing my gut on this one.

What do you think?

[https://i39.tinypic.com/os4v9i.jpgattachment=4]ImageUploadedByTapatalk1373129202.055742.jpg[/attachment]

Idk how the market is by you, but that would be scrap here. In my opinion you can find something in better shape for the money. The last 2 12ft aluminums I bought I got for under $175 each, in much better shape.

I'd boogie on out of there.

I bought a solid welded 14' Gregor with two outboards and a trailer for $500. Of course the tires were toast but after much love, it's our go to fresh water boat!

pass...

Thanks