Bitcoin Forum

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KENILWORTH EXPLORATION LTD. https://bitfunder.com/asset/Kenilworth ~ https://btct.co/security/KENILWORTH

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|  COMPANY  |
Kenilworth Exploration Limited (“Kenilworth”) is an active minerals explorer in the Lachlan Fold Belt of New South Wales (NSW), Australia. It is the Company’s intention to become a substantial gold and metals prospect holder in the region. The main three exploration licensed locations that are the subject of this capital raising include the Wilga Downs Tenement Project, the Byrock Tenement Project and the Yandilla Tenement Project.

The Company has secured three exploration licences (EL's) in the Byrock region, with preliminary findings on the sites yielding positive results. These tenements are the subject of a robust valuation supported by aerial and ground surveys. Geological experts have advised that precious and base metals are the most prospective in the geological nature of the tenements.

An independent geological valuation conducted by SRK Consultancy Ltd. found that the Kenilworth licences sit in prospective geological addresses similar to that of the world class Peak Gold Mine (owned and operated by NewGold ~Global intermediate gold producer listed on the NYSE [NGD: NYSE]), hosting shear/structural land formations that cultivate significant gold and copper mineralisation, as well as possible porphyry styles that are conducive towards gold-rich and copper-rich resource findings.

Kenilworth's EL's have a median valuation of US$ 19.1 million with a minimum valuation of US$ 3.5 million, and a maximum valuation of US$ 264 million.

With great prospects already assessed on each of the resource sites, a positive outcome delivered from exploration activities could multiply Kenilworth Exploration’s current market valuation and significantly increase its market capitalisation.

Kenilworth Exploration has entered into a joint venture and management agreement with Thomson Resources Limited (ASX : TMZ) and will benefit from greater economies of scale and work with some of the most talented geologists and engineers that Thomson Resources has to offer. The Company will also capitalise on its newly acquired 50% interest in three of Thomson Resources’ key exploration licences in our region.

As such, Kenilworth Exploration is seeking AU$ 2,775,390.00 in three rounds of funding in order to undertake the electromagnetic survey and drilling program as described in this information package, the expenditure of these funds will deliver significant value appreciation for shareholders.

The Kenilworth has NO Debt and has an independent valuation of its current mineral exploration assets.

Kenilworth Exploration Limited was created on the 27^th day of April 2006. On the 24^th day of October 2012 the Company was converted with the Australian Securities and Investments Commission to an unlisted public company.


|  FUNDING  |
Kenilworth is now raising $ 925,000 to fund the next phase of mineral exploration and development,which will include a high powered electromagnetic (EM) scan of our exploration tenements to specifically identify mineral deposits.
This funding round will see a sale of a 17% equity position in Kenilworth Exploration Limited in return for an investment of $ 925,000.

The Bitcoin investment will enter the company at a market-cap of $ 5.4 million.
Note that the medium valuation of the asset is $ 19 million meaning that the initial investors are able to enter this funding round at $ 5.4 million.

Within four months of raising the $ 925,000, we will have completed the EM survey and received a renewed valuation from an international mineral asset accredited company such as SRK Consultancy Limited. This new valuation will encompass not only our three 100% owned EL’s, but also our three EL’s in that we hold a 50% interest which we share with Thomson Resources Limited. This valuation would be envisaged to return a valuation many times greater than the current $ 19 million.

The funds raised in the first round will be utilized in a period of four months to carry out an intensive and highly focused electromagnetic (EM) survey across our mineral exploration areas. This EM survey will utilize the world’s most powerful helicopter suspended time-domain electromagnetic system. The system is the state of the art and a premium survey technique developed to identify mineral deposits under the ground. The data generated utilizing these funds will clearly define Kenilworth's mineral reserves. This data will enhance our asset valuation.

Once the mineral targets are identified then two additional rounds of funding will be sought to undertake a drilling program. The estimated drilling costs will be in the order of $ 1.85 million. The second round of funding for  $ 925,000 will see the issuing of 4,022,304 shares and the 3^rd round for $ 925,000 will see the issuing of 3,190,104 shares from the total of 35,820,677 shares currently outstanding in the company.

Once the EM survey is completed during the next four months, Kenilworth Exploration Limited will engage the services of an accredited international mineral evaluation company, who will re-evaluate our assets given that we will at that time have located and identified all mineral deposits in our exploration license areas. The Board is extremely confident that the data generated will increase our asset valuation by a substantial factor during the next six months.

Shares for the first round of funding of $ 925,000 will be sold at 0.0018 BTC each.
If the converted total funding has a short fall due to the price of bitcoin of the $ 925,000 goal, then additional shares will be sold until the goal is met.


|  AGREEMENT  |
• Upon sale of assets, proceeds from sales will be distributed evenly among all shareholders, per an agreed and approved Dividend policy.
• Any future profits/earnings will be distributed by way of Dividend on a monthly basis.
• Any increase in shares would result in a proportional dilution of all shareholders at the time of such increase.


|  INVESTMENT RETURN  |
Once the electromagnet valuations of all sites have been completed, Kenilworth will seek out a mining partner. A mining partner may purchase Kenilworth outright for a lump sum, or may exchange mineral rights for shares of the mining companies company. In the event of a rights for shares trade, Kenilworth shareholders would continue earning passthrough earnings from the mining company's shares held by Kenilworth as long as they are provided.

This means a long term payout, but also benefits from the mining companies other mines.

When the time comes and an offer is made, a vote will be posted with the details on the options presented to Kenilworth.
During any vote, all shares are counted equally. A majority vote will decide.


|  DEFINITION OF THE MARKET  |
The Company, in common with other companies participating in the mineral exploration arena, is affected by general economic conditions, including the level of interest rates, employment rates and inflation. Changes in government, fiscal, monetary and regulatory policies may also affect the business of the Company.

The shares allotted under this fund raising, carry no guarantee in respect of profitability, dividends, return on capital, or value.

These funding rounds are intended to raise sufficient capital to fund the ongoing development and working capital needs of the Company during its next phases of operation.

The Company may need to raise additional funds (through a further capital raising or debt) at some future time after conclusion of the present funding rounds. Should such an unforeseen additional raising of funds be needed it will have the effect of diluting the interests of all shareholders of the Company equally.

The ability of the Company to effectively implement and expand its business plan over time may depend, in part, on its ability to raise additional funds. There can be no assurance that any equity or debt funding will be available to the Company, or be available on acceptable terms.

The Company is subject to various forms of taxation, including company tax and goods and services tax. An increase, change in the application or introduction of a new tax could materially affect the performance and financial position of the Company.

It is common for companies to be exposed to a number of legal risks. These could include, but are not limited to, litigation risk, professional liability claims, industrial action and legal compliance.

There can be no guarantee that the Company will achieve its stated objectives or that any forward-looking statements will eventuate; accordingly, an investment in the Company should be regarded as highly speculative.

This information does not purport to be a comprehensive statement of all risks; an investor should seek and obtain professional advice prior to deciding whether or not to invest in Kenilworth Exploration Limited.


|  MARKETING STRATEGY  |
The present round of investment (first round) will see 75% of the funds raised utilized directly to undertake the most scientifically advanced detailed Electromagnet Surveys of all our tenements, and only 7% will be used on in-house salaries. Investors will see a ROI when we confirm our mineral deposit and we are acquired by one of the major mining operators, our timelines are focused and short, this is not a long term investment into salaries and overheads, it's an investment to confirm a mineral deposit that will be attractive to the majors.


|  ORGANIZATION & MANAGEMENT   |

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Patrick Prendergast - Chairman
Since licensing his first medical molecule to a major pharmaceutical corporation in 1987, Patrick Prendergast has successfully combined scientific discovery with international business development and management. Born in Ireland in 1953, Patrick has academic qualifications in Microbiology and Biotechnology and has acted as Chief Scientific Officer of Hollis-Eden Pharmaceutical Inc., a NASDAQ listed Pharmaceutical Corporation, Ticker HEPH, from 1994 to 2000. Patrick was the inventor of all technologies held by HEPH, which at one time had a market capitalisation of over $ 500 million. Patrick’s relationship with Australia began in 2000 when he purchased a large farm, Kenilworth Station, in North West NSW, where he resides for some months each year.

Since 2000 he has focused his business management skills upon developing Canopus BioPharma Inc. (Ticker CBIA.pk), a US biotechnology research corporation into which he has licensed over twenty of his own patented technologies. Patrick is Chairman and CEO of Canopus BioPharma Inc., which carries out ongoing medical clinical research in the areas of Hepatitis C, Mucositis, Sarcopenia and cardiac stent design. Additionally, Patrick has established an extensive research relationship with the Faculty of Life and Social Sciences at the Swinburne University of Technology, Victoria, Australia, since 2006. This research has seen the development of novel antibiotics and a successful clinical study of an anxiolytic agent, patented by Patrick.

Patrick’s interest in mineralogy began in 1983 when he studied the anti-radiation properties of certain bauxite derivatives, a technology he licensed to a European government agency in 1985. Upon purchasing Kenilworth Station Patrick researched the previous mineral exploration activities in the area and undertook a private investment into reconnaissance and grab sampling. Twenty-four RAB drills and one diamond drill to a depth of 600m were drilled during this research phase, and this work confirmed the existence of potential mineral deposits in the region. Kenilworth Exploration Limited was formed in 2006, and it applied for exploration licences over available tenements in the local area.

Patrick has been the driving force behind the formation of the joint venture with Thomson Resources Limited (ASX: TMZ) and their appointment as Exploration Managers, and consequently Kenilworth Exploration Limited is now poised to commence the identification, location and extent potential mineral deposits within the exploration licensees held the company.

Patrick enjoys the excitement of discovery and the challenges of using the latest technology to unlock the mineral potential of the Kenilworth tenements. He looks forward to leading the Kenilworth Exploration team to success.

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Leo Prendergast - Secretary
Born in 1954 in Ireland, Leo Prendergast acts as Chief Operations Officer of Canopus BioPharma Inc., a US biotechnology research and development corporation (CBIA.pk). He graduated from Trinity College in Dublin (1978) with a Masters in Mathematics and Computer Science, and qualified with a Degree of Civil Engineering.

During his college years he formed an engineering manufacturing business and focused upon tendering and supplying components to the telecommunication industry in Ireland and the UK. Upon graduating, he lectured in Soil Mechanics and Civil Construction at the Bolton Street College of Technology, Dublin, and at the Dundalk Institute of Technology.

His engineering and mathematical foundations provide him with the tools to manage and coordinate project development strategies, incorporating legal agreement, financing and personnel.

When his brother Patrick successfully licensed technology in 1987 to Élan Corporation, Leo joined forces with him and became the business manager for the fledgling enterprise. Leo has spent the past twenty-five years acting as Chief Operations Officer for the various biotechnology corporate entities formed by Patrick to develop his patented technologies. Leo enjoys the challenges of management and coordinating both finances and personnel, and acted as Business Development Officer of Hollis-Eden Pharmaceutical Inc. from 1994 to 1997. Since 2001 Leo has coordinated and managed all the geological work and drilling upon Kenilworth and its environs.

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John Lee - Director
John was born in Sydney, New South Wales, Australia, 1949. At an early age he took a strong interest in geology and natural sciences, and subsequently majored in Geology at the University of NSW in 1971. During the early 1970s he was engaged by Cundill Meyers & Associates, a leading mineral and petroleum consulting group, and worked on various mineral exploration projects within Australia, the Territory of Papua New Guinea, and Indonesia, focusing on copper and gold mineralisation.

In 1974 he joined the mineral exploration team of Elf Aquitaine (now Total Group) and worked for many years on a variety of projects throughout Australia, focusing mainly on sedimentary hosted lead-zinc and copper deposits. He was appointed the South Australian Manager of Exploration in 1975, and in 1980 became responsible for the company’s Australia-wide exploration for sedimentary-hosted deposits, including management of the Bonaparte Basin lead and zinc resources.

In 1982 John joined the petroleum division of Elf Aquitaine and was closely involved in the discovery of oil and gas resources in the offshore Bonaparte Basin and Timor Sea. In 1987 he joined a newly established company, Kingston Petroleum Limited, and as Managing Director he brought together a number of oil & gas projects in Queensland and the USA. Hydroilex Pty Ltd was established in the same year, providing consulting geological and geophysical services to the mining, petroleum and groundwater industries for some 25 years. Significant exploration experience was also attained in the Kenilworth region. In 2003 John formed Hot Rock Energy Pty Ltd, focusing on evaluating deep geothermal systems in the Sydney Basin. In 2000 he initiated PhD studies in the Sydney Basin, focusing on the structure and stratigraphy of the Hawkesbury Sandstone. Other business interests include property development and coal resources. John has been appointed CEO of Kenilworth Exploration Limited and foresees an exciting exploration program in the areas held by both Kenilworth and Thomson Resources. John will be responsible for the management and oversight of the joint venture with Thomson Resources.

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Peter O’Neill - Member - Australian Institute of Company Directors
Peter O’Neill has been in senior management for more than 35 years with organisations in Australia and overseas. He has significant commercial experience in management of companies at senior levels in manufacturing, fabrication, high-tech, environmental and financial services. Peter was previously
Managing Director of TechStar Ltd (a public company listed on the ASX that specialised in funding & commercialising new technologies) and has been Managing Director of five other companies. He has been appointed Chairman of the Board with four companies and has been a Director on sixteen company boards throughout his business career. He is currently Chairman of two companies and Director of three public companies. Peter brings extensive management and directorship experience to the Kenilworth Board.

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Edward Prendergast - Director
Edward has over 30 years experience in civil infrastructure and environmental works relating to mining and oil explorations. He obtained his M.Sc. in metallurgy from Trinity College Dublin and also qualified with a degree in Engineering Science. Edward also has a M.A. in mathematics. He has operated as a consulting engineer in Ireland, Papua New Guineas, Somalia, Ethiopia and Australia and has worked with BHPB (MinEx), Sasol, Africa Oil, Africa Minerals and other entities. He has extensive on-site management experience and specialises in the area of environmental impacts of exploration works. Edward has already worked as an independent consultant with Kenilworth Explorations on its initial explorations in Australia.

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David Bending - Director
David Bending has 25 years of exploration, mining and corporate development experience with major mining companies including 14 years with Homestake Mining Company where he served as Exploration Manager in Latin America. He has also held various top executive and senior positions in other exploration and mining companies. He is fully conversant in Portuguese, Spanish and French in addition to English and is familiar with mining law, mining development trends and business practices throughout the Americas.

He is a Professional Geologist certified by the Association of Professional Engineers and Geoscientists of the Province of British Columbia. John is an honours B.Sc. Geology graduate from University of Oregon and also completed his M. Sc. at University of Toronto in Mineral Deposits Geology, Geochemistry and Geophysics.

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|  LINKS  |
Website: http://www.kenilworthexploration.com
BitFunder: https://bitfunder.com/asset/Kenilworth
BTCT.co: https://btct.co/security/KENILWORTH
BitcoinTalk Forum: https://bitcointalk.org/index.php?topic=222746.0
SRK Valuation: http://www.kenilworthexploration.com/#!ke-srk/c1oke
Share Structure: http://www.kenilworthexploration.com/#!ke-share/cejk
Kenilworth Document: http://www.kenilworthexploration.com/#!ke-doc/c1skg
Kenilworth Expenditure: http://www.kenilworthexploration.com/#!ke-exp/c1maf

( Forum [ url ] tags broke, I cannot even edit to remove them. Please copy and paste links )

|  CONTACT DETAILS  |
After having read this Publication, if you then wish to arrange to meet with a Director or the Chief Executive Officer of Kenilworth Exploration Limited, then you should contact:

Sorry, wrong exchange. That's a dealbreaker for me.

.b

Bought 2 shares

- Could you elaborate on that?
Also thank you for your comment.- All questions and comments are welcome -

- Someone (assuming you) literally did buy 2.. :) Thank you

Bitfunder uses an external payment provider that looks extremely sketchy and has been having major trouble with simple stuff like accepting users with non-English characters in their names (like me). I don't trust the site so I won't trade shares there.

Which is too bad because I was looking forward to this IPO.

.b

EDIT: If you want to look at other exchanges that do not impose this added hassle and security caveat on your shareholders, BTCT and Havelock are both interesting exchanges. A listing on LTC Global might also be interesting as it will further increase your potential market for the shares.

- Private Message

Hey Furuknap,

As I stated, the issue was that the mail service provider was rejecting the emails. Not much we can do about that. :)

Yes, there is. I'll send you a PM, though, no need to clutter up an unrelated thread.

.b

Hi Betatester,

We have moved over to this "Forum-Post" when we listed our IPO on BitFunder
(have a look, get your shares before its too late- https://bitfunder.com/asset/Kenilworth)
Ok back to your questions:-

- Kenilworth will be utilizing the world’s most powerful helicopter time-domain electromagnetic system. With a transmitter dipole moment up to 2.0 million Am².
The high power, coupled with the low noise at the receiver due to its placement above and not in the centre of the transmitting loop, ensures the greatest depth of exploration possible for any electromagnetic system.

- We will have the only commercially available system routinely providing X, Y and Z receiver coil measurements for both the dB/dt and B-Field. Systems only offering Z-axis suffer from ambiguity of interpretation results for conductors.
The X and Y axes data provided will allow for more complete and definitive interpretation of conductors and allow for the discrimination of conductors by orientation.
The high quality B-Field data de-emphasize the conductive overburden response while enhancing the response of strong bedrock conductors.
Also utilizing a high sensitivity magnetometer to detect magnetic anomalies and map geologic units and structure. This system is provided with advanced GPS positioning and navigation control and a radar altimeter for accurate measurements of the height of the helicopter and EM system above ground, and base station systems to accurately record all required data for correction and evaluation.

Translation: Kenilworth will be capable of seeing beneath the earth to approx 300m to determine any area of mineralization. After these areas are identified, and cross matched with previous exploration data.
Please Note: Kenilworth Exploration has already a single hit of 107/gt Au-Gold in our one diamond drill.
An Interesting Article: Link: http://tinyurl.com/khs3j72

- Further funds will be utilized (See Kenilworth Expenditure) to drill boreholes into the areas of mineralization identified by the EM survey, to determine the concentration (parts per million) of different mineralization zones.
eg: Copper/Gold/Zinc and rare earth minerals.

Also reflected in the SRK valuation:

I just wanted to say you guys are doing fantastic job with giving out information and answering questions, and wish nothing but the best for you all.

I seriously doubt this is a scam, seeing how much personal information you are all showing as well as the level of responses you are giving. Though, sadly I will not invest in you guys at this time since I am not familiar with mining and mineralogy, so I don't really understand what risks there are and the possible roadblocks which could prevent success.

Maybe you could explain what are the most likely or common problems for a company doing what you are doing, and what are some of the possibilities for success?

Thank you for bringing some much needed diversity to the Bitcoin securities landscape!

+1

Betatester

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Q- Maybe you could explain what are the most likely or common problems for a company doing what you are doing.
Q- What are some of the possibilities for success?

I think this article from Forbes is a good starting point.
I shall place comments where Kenilworth has addressed these concerns and how we are pushing the envelope.
{ Kenilworth comments }

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THE DISCOVERY INVESTOR
By: Christopher and Michael Berry
Link: http://www.forbes.com/sites/discoveryinvesting/


Perhaps the greatest challenge an entrepreneur faces is funding an operation once a business is up and running. I focus my analytical efforts on the discovery space, predominantly the junior mining sector – an entrepreneurial space if there ever was one. We’re big believers in the idea that a high quality discovery leads to long-term wealth creation – both for the entrepreneur and the downstream investor alike.

{ Kenilworth is also a big believer in long-term wealth creation. We believe along with the consultants that we indeed have a "quality discovery". This can be seen in the results generated to date, and also our independent valuation.}

The overwhelming majority of these early-stage public companies generate no cash flow, revenue, or earnings. They exist solely at the whim of friends and family and the financial markets willingness to fund a potential “world class” discovery (a high grade gold deposit, for example). This style is akin to playing the lottery where all you need is “a dollar and a dream.” Though the failure rate of most of these entrepreneurial efforts is high, the success stories can be legendary.

{ Our find of 107/gt Au-Gold in our diamond drill has been described as legendary. }

The graveyard of junior mining companies is littered with stories of amazing mineral discoveries that never got the financing mix right.  Sustainability, the company’s ability to remain financed to the point where it can begin production, is crucial.  Savvy investors in this economy, not wowed by the next big thing, know that sustainability is the most important factor to evaluate when deciding where to invest.  This is aside from the experience and capability of the entrepreneur and his or her management team.

{ Sustainability - I totally agree that mining juniors are struggling to survive, however these struggles are in the most part self-inflicted, by massive overheads and burn rates compared to actual expenditure on data acquisition and a scattering of tenements over different geological addresses, which cause a lack of focus. Kenilworth Exploration has already a single hit of 107/gt Au in our one diamond drill, we have no debt, and all our tenements are focused on one area which is now considered a strong mineral address. We have an independent asset evaluation at today's date of $19M. }

Perhaps the most important metric to be considered is the “burn rate”, or the rate at which a company is spending cash on a monthly basis. This gives you an idea of how long the entrepreneur can operate until additional cash infusions are necessary.

{ Kenilworth has a "burn rate" that is structured to last. Please review "Kenilworth Expenditure" }

An important question for a mining entrepreneur is: How to fund a company while not diluting existing shareholders and destroying the company’s capital structure?

{ Very well put and Kenilworth understands this, and has implemented a system of any increase in shares will result in a proportional dilution of all shareholders at the time of such increase.}

Generally speaking, a fully diluted share structure below 50,000,000 equity shares is what we want to see.  This structure leaves room for growth, but this can vary based on the quality of the assets and capability of management. The lower the share count, the stronger the control position of the company. Equities and commodities in particular have been hurt recently from investor uncertainty and the “risk off” mentality gripping the capital and commodity markets.  This has affected the ability of entrepreneurs to raise money.

{ Kenilworth has a maximum of 35,820,677 far below the stated 50,000,000. Our management team has the experience and are very capable please note above posts. }

Post the 2008 credit crisis, it has become increasingly difficult for these companies to raise adequate capital, though this trend has softened somewhat recently. The junior resource sector in Canada typically raises several billion dollars per year. So what are the financing choices facing a mining entrepreneur?

Crowd Funding: Not Enough, Not Fast Enough

With the advent of crowd funding in recent years, an entrepreneur may think that this is a viable way to fund a mining exploration company. Sadly this won’t work. Many of these companies need millions of dollars to fund exploration and development of a deposit, pay overhead, commission advanced economic studies, and pay for long lead-time equipment. Raising capital – even $1,000 at a time – won’t support this. Crowd funding is great for financing independent films, but not for multi-million dollar capital intensive exploration projects.

{ Kenilworth does not agree with this statement. It is up to you as Bitcoin holders to help in this respect. By funding Kenilworth you not only gain a long-term wealth creation stock but also advance the presence of Bitcoin (BTC) in what is and I'm sure the current financial industry is very nervous about. Time will tell... }

Equity and Debt: The Devil is in the Details

So we’re left with the traditional means of financing: equity and debt. These choices can lead to dilution of project ownership and eventually total control.  There’s an old saying in mining finance that goes you take your dilution either in the stock or in the ground.

{ An old Irish saying "Bitcoins should follow the rainbow to Kenilworth" }

Each have their pluses and minuses and should be accessed accordingly based on a host of factors including how “tight” a company’s capital structure, the cost of borrowing, and where we are in the economic cycle. Despite historically low borrowing costs and the “culture of debt” we’ve embraced in the West in recent years, debt funding for entrepreneurial mining ventures is relatively hard to come by and when it is accessed, the terms can be onerous. Most of the debt funding we’ve seen in the mining space has been granted to companies with strong and experienced management, extremely high grade assets in safe geopolitical jurisdictions, and near term or current cash flows from production.

The equity raise is currently the predominant means to funding a mining start up. With the current global economic slowdown gaining strength, investment banks (the traditional lenders to mining companies) have become much more selective in funding exploration efforts and on stringent terms.

{ Kenilworth has started its IPO on BitFunder (Please see: https://bitfunder.com/asset/Kenilworth)
Shares for the first round of funding of $ 925,000 will be sold at 0.0018 BTC each.
If the converted total funding has a short fall due to the price of bitcoin of the $ 925,000 goal, then additional shares will be sold until the goal is met. }

Many of the financings we’re seeing these days are for smaller amounts of capital (sub $2,000,000) at historically depressed share prices. It is the low share price that should concern the mining entrepreneur as this leads to one thing which investors and management alike all dread: dilution. Raising money at a share price of $1 rather than a share price of $0.10 are two entirely different propositions. The higher the share price, the fewer the number of shares that are issued. This minimizes the dilutive sting to current shareholders. Dilution is a dirty word in finance and can do more to ruin the prospects for a mining venture than almost anything else.

{ Kenilworth agrees with "Dilution is a dirty word in finance and can do more to ruin the prospects for a mining venture than almost anything else". }

What Are the Alternatives? Creativity is the Key

So given that the traditional methods of funding start-up mining ventures fraught with risk, you must look at alternative methods to sustain and grow a viable business.

{ Enter - Bitcoin BTC - }

This is where the creativity of an entrepreneur comes to the fore. Some of these alternatives include joint ventures, rights offerings, equity injections, funding to certain milestones, and off-take agreements. Joint ventures are becoming more common as entrepreneurs reluctantly decide to join forces rather than compete for scarce capital. The alternative scenario we like to see is the off-take agreement where an end user of a given commodity (for example a battery maker who needs lithium to manufacture lithium-ion batteries) will agree to purchase the commodity once commercial production has been established. There are nuances to this scenario, as there are to all financing scenarios, but it’s up to the entrepreneur to navigate these choppy waters while protecting the business and keeping shareholders happy at the same time. With a strong case for economic growth to continue (albeit at a slower pace) in the emerging world, the case for investing in commodities is still sound. That, however, does not mean that all junior mining companies involved in exploration will reward shareholders. Both mining entrepreneurs and investors should focus on the financing mix of a company as it can literally make or break a venture and “blow up a start up” as we suggest in our title of this article.

{ Kenilworth has signed a Joint Venture Agreement with Thomson Resources Limited (AST:TMZ)
A must, is to review the video in this link:
http://upload.wikimedia.org/wikipedia/commons/6/64/Abn_red_logo.png
http://www.abnnewswire.net/press/en/73386/Thomson_Resources_Limited_(ASX:TMZ)_Joint_Ventures_Its_Byrock_Project.html }

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In relation to the potential success, I will quote from the Independent SRK Report:


Note: This report only covers three of the current six Exploration Licences.

I applaud you for being one of the first companies outside of the Bitcoin mining market that takes the plunge and tries to raise money through bitcoin. Since I don't have any experience with real world mining I want to ask some general questions.

If the funding campaign on Bitfunder is unsuccessful and not all shares are sold, what other methods of financing will the company turn to in order to fund the EM survey and drilling? I'm asking this because the market cap is very high in comparison to most other assets on Bitfunder.

If the survey returns a positive result the share valuation is expected to rise but actual dividends will not be paid until the business has been sold to a mining partner. Correct?

In case the business is sold for a lump sum will my shares be sold too and would I receive the proceeds in form of a dividend?

can you tell us about your contingency plans?
what happens if the stock exchange closes over night like GLBSE back then?
what happens if bitcoin should become worthless?
I like the idea behind this, but I would like some reassurance that I won't loose everything in the above mentioned cases, since this seems like a pretty longterm investment.

If the price of BTC next year is 1000USD.... I am highly doubt you can mining enough material to payout dividend...
if the price of BTC next year is 0.01 USD.....congratulation, you almost take free money from us...

Same goes for any foreign investment where there is an alternate underlying currency.

Very interested, been keeping my eye on this one for a while.
Love the thought of a non-virtual mining corp. :)
Will probably get some shares soon.
But I still have questions (like some already posted above).

1) I may have missed this information. But you stated you already hit gold. Does this mean you will start extracting the gold as soon as possible? Will it be sold immediately? Will this be included in the dividends when the IPO ends?

2) How does the government feel about paying dividends in Bitcoin? I assume you have checked for possible legal issues?


Thanks for your time.

- Kenilworth is also working with private funders outside BitFunder. In the case where full funding was not achieved we are also talking with a group about using loan/share option agreements. So as the remaining funds are at hand. Patrick has a large 94,000 acre property "Kenilworth Station" that he will use as collateral.

- Correct but with increased valuation to the company asset we would expect the share price should reflect this and trading of the stock should provide liquidity to initial investors.

- It is not the intention of the board to sell the complete business for a lump sum but to sell certain mineral resource segments in our portfolio to interested mining companies and the answer to your specific question is that if we were presented with a very attractive offer and sold the complete company the lump sum left after all trade creditors are paid the funds would be distributed to each shareholder equally. - A vote would be held prior to guage the BitFunder wishes, and the magority would rule.

- Contingency plans are as mentioned above. 94,000 acres will be used as collateral to raise the additional funding required if BitFunder comes short.
- if you purchase a share in our company you own that share even if the exchange closes.
- When you buy the Kenilworth share you have that share which will maintain its value in the market in $/£/¥ worth of a resource.
- We are long term but we accept bitcoin at a set value on the day you buy the Kenilworth share, from there on you are equal in value to anybody else having a share bought with a dollar or a yen you are a shareholder to us.

- Kenilworth in our mineral exploration work found high level of gold in rock samples both on the surface and in bore samples down as far as 450 meters we were encouraged by these findings as it is an indication that we are doing our mineral exploration in a prospective area we will not know the extent or concentration of gold or any other mineral present until we complete the EM survey and do specific bores into the mineralized areas uncovered by the EM. Only following these surveys will the company know it's reserve and value to move to the next level by interesting a mining company who then extracts and sells the ore with a lump sum and royalty going to our company and thus it's shareholders (you)

- Kenilworth as a company require investment funding to operate and locate our mineral resource we look to the bitcoin community and this exchange as a potential source of some or all of that funding we have asked accountants to investigate this issue but like if we have investors from funds in Japan or the US who want to be paid in their local currency we will be paying bitcoin investors their return on investment (dividend) in bitcoins if they wish to receive them in bitcoin like All shareholders just because you purchase a share in our company utilizing any currency "crypto" or other we will honour your request to be paid dividents in the currency of your choice.

Would there be interest in organizing a webinar with Patrick?
I am just posting this to see the level of interest.
- If there is little or no interest, that's fine I'll scrap the idea -

Register below if you are free for 60min this coming Friday (June 7^th 2013).
[ http://www.anymeeting.com/PIID=E956DC84864C38 ]

Kindest regards.

This... is... awesome! Pardon my french but 'shit just got real'.

Could you explain to us what "107/gt Au" means? Some general link to a relevant glossary or list of terms would be appreciated, if that's faster for you.

107/gt AU would mean 107 grams of gold per ton of ore (AU is the chemical symbol for gold).

So every ton of ore/rock mined would hold 107 grams of gold.  It doesn't sound much but is well above the minimum needed for extraction to be profitable.

It is, however, only one of the TWO main figures needed to assess the profitability of a find.  The other being the quantity of gold there (the size of the deposit).

The startup costs wouldn't be worth it if there was only 1 ton of ore there.  If there was a million tons of it then christmas just arrived early.

There's other factors affecting the viability of a find (e.g. accessibility, ore-type) but the gold content and the quantity of gold (or ore) are the two key ones.

What is the minimum needed for extraction to be profitable?
How profitable are the other ores?

This stock - IPO should be featured in tech media soon. It is at least as innovative as the setup of a Bitcoin-ATM. But it will have to draw some wealth into the Bitcoin-community to be successful.

For those interested in mineral exploration tech stuff, http://en.wikipedia.org/wiki/Mineral_exploration#Geophysical_methods is worth reading. You can safely omit the Political, sovereign and other associated risks, as Australie is the most mining friendly country in the world. China will guarantee for this.

Deprived, thanks a ton!

Prendergast123, is there an estimate of how many tons of ore are there? Is that what the numbers (US$ 19.1 million etc.) are based on?

The valuations (assuming they're done by a reputable company - which I haven't verified) will be based on an estimate of what viable deposits are likely to be found in the areas they have the rights to.  Those estimates will be made based on known actual results of other areas with similar geology.  They're an educated guess basically.

As I don't invest myself (only trade) I have no interest in doing the background research necessary to validate this IPO - but a key part of that is ensuring that the valuations are done by a credible company not by a sock-puppet one which produces (unrealistic) valuations to order.  I have no reason to believe the latter is the case here - but ensuring it isn't the case is the very first thing I'd do if I was considering investing.

EDIT: The detail of the specific find mentioned isn't that critical.  Even if it's a tiny quantity the important thing is that it verifies the presence of useful ore and so supports the likelihood of further larger deposits being found when a full survey is conducted.

I'm excited by this project and want to invest, but these are very good questions (as well as the others) and hope they get answered soon.

- Thank you for the positive comment.
As a "Hero Member" if you know of any way of promoting or getting the word out to the Bitcoin community, this would be greatly appreciated.

I'll keep you on my watch list. Best of luck to you.

- Thank you Deprived, just to add to your comments.

In today's mining environment deposits with 4 g/t gold, up to 500 meters is depth and with size of few million tonnes are economical for mining. The Kenilworth drill hole showed Gold levels up to and over 100 g/t.

Thank you again,
We do believe Christmas will arrive once the next stage of development is complete. (four months time)

- As before - In today's mining environment deposits with 4 g/t gold, up to 500 meters is depth and with size of few million tonnes are economical for mining. The Kenilworth drill hole showed Gold levels up to and over 100 g/t.

- Tech Media - they have not contacted us as of today's date but we are open to any interview by any group.
Contact details are above or a PM to me will work also.

Thanks Betatester.

- SRK are renowned industry experts.
Link: http://www.srk.com.au/en/service/au-project-evaluation-services

- Thank you Deprived, you are spot-on...

I'd say make some kind of announcement on www.reddit.com/r/bitcoin (http://www.reddit.com/r/bitcoin) if you haven't that's pretty visible.

Thank you! I'm still not too sure about investing but so far you're doing an exemplary job in answering questions and providing transparency.

Some points that may have been lost in the text:

- Kenilworth has an independent valuation of our mineral asset considerable above the value of the IPO allowing greater prospect of upward appreciation.

- Very Positive and Encouraging geological data compiled by our geologist team in order to enhance the prospect that our EM survey will identify economic mineralization targets.

- We have been able to establish a successful working Joint Venture with Thomson Resources Ltd a well known and experienced Australian Public mineral exploration company who also expect our exploration efforts to be fruitful and add value to their enterprise.

- We have achieved the above from private funds inputted solely by the principals. And we enter on this next phase of mineral exploration carrying zero debt and with a bold and confident Managment team knowing that success is within our grasp.

- This mineral exploration activity is investor and exploration friendly being located in Australia a country of freedom and opportunity and having a track record of profitable and environmentally responsible mineral extraction for decades.

Thanks

Hi there.

I actually made an account and went through the whole newbie period mainly to post just in this thread.

I know little about mining, like others in this thread have mentioned, but from what I have read up on thanks to the information provided has impressed me enough to invest a modest amount in Kenilworth.

I don't know if this will succeed, but for me the main point is that this is a 'non-bitcoin' company getting involved in a serious way. And I think that progressing bitcoin further can only be accomplished if we show the rest of the world the usefulness and validity of bitcoin. So I guess out of principal really (and the fact you don't seem like quacks!) I am an investor. Good luck to you, and I hope this leads to great things for bitcoin as a whole.

I made a post on reddit for you guys to hopefully get more people into investing in general and as a bonus give you guys some more exposure!

http://www.reddit.com/r/Bitcoin/comments/1fwhjk/want_to_invest_in_bitcoin_but_willing_to_accept/

You are a hero...
What's your BitFunder username. Private Message me.

I think there's gold in my backyard, can you send me some BTC please? I'll call a drilling company establish a relationship with a world class mineral exploration company to make it look more legit. If there is something and we sell out to a major gold company I'll be rich there will be ROI.

what's not to like.

oh and I'll setup a real world post office box so you can contact me

Really? These people have gone above and beyond to answer any questions for more information, explanation of their mining procedures, and even give their real names to everyone related in the mining. If you feel that this IPO contains any information which would indicate that this is a scam or anything like that, then feel free to point out specifically what seems to be wrong. Otherwise you just look like someone who is trolling since you provide little to no basis for your conclusion.

They have given you an explanation of their mining procedures?

That's funny.

Look maybe I'm just a bit sceptical; I've had plenty of experience in exploration co's here in oz and personally know some senior exploration people, so it's just my 2 satoshi's. Good luck though, I hope you do well from it.

If you give away a one or more Bonus shares for some Reddit promo, I also made a post on Reddit about Kenilworth.

http://www.reddit.com/r/Bitcoin/comments/1fvzw9/a_different_kind_of_bitcoin_mining_investing_in_a/

Only got one reply but it was worth a try.  ;)

Why are you sceptical then? Let's see if I can make a hierarchy of accusations:

1) Do you think they are not the real Kenilworth company, just a bunch of
impostors trying to steal our coins?

2) Do you think they have faked the SRK report and partnership with Thomson?

3) Do you think that the SRK report should not be trusted, as they have
not visited the site?

4) Do you think that even though the right minerals are in the ground, the
Kenilworth team is not skilled enough to profit from them?

Of course, there are many other ways this can go wrong. However, as long
as all of these questions have a firm 'no' for an answer, I am willing to
invest in this company.

Being sceptical is fine.
But I would like to hear your concerns (as you claim to have experience).
Maybe Kenilworth can put those at rest?

Either way this is the internet/bitcoin/investment land and being cautious is a must.
But I see a company who have been putting out good information and answering questions.
And as said before they have their faces and names out in the open.
Even if they would run off with our coins, they would only stand to gain somewhere less of a million dollars.
Sounds like too much risk and personal information for too little gain.
I'm more concerned about issues while operating than scamming us up front.

This IPO does need more publicity though.
I'll be buying shares once I know this IPO can actually sell.

I will invest 50 shares then forget about it, if this is real then I have something, otherwise just 0.09 lose. :D

I googled a bit about the company and found this document of ASIC (!), the Australian counterpart to the SEC:

ASIC GAZETTE
A080/12, Tuesday, 6 November 2012

http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/A080_12.pdf/$file/A080_12.pdf

On the last page (67) it states:

KENILWORTH EXPLORATION PTY LTD
ACN
119 439 691 will change to a public company
limited by shares. The new name will be
KENILWORTH EXPLORATION LIMITED
ACN 119 439 691.

So that should allay fears by some of this firm not being ligit.

Kenilworth is a legimate ASIC miner. ;D

You now have two more replies!  :) Prepare for any downvotes though, it appears that there are some serial downvotes as well as possibly a good portion of people who really dislike any big money in bitcoin.
Also, just to clarify, I have not received any bonus shares on bitfunder (nothing from them on my assets list) or anything else from them.

You sir, are hillarious.

Ha.  Yeah, give me a bonus share and I'll upvote BOTH of those posts!

Very nice.  +/u/bitcointip 1 beer verify he he

Plz do that on Reddit. And have some beer in your account. ;)

Is there a time limit for the IPO by the way?
Or will you just sell as many as possible and start anyway?

Is there a way to tell how many shares have sold?

4,869,105 shares issued
3,957,954 available at time of posting

  911,151 sold

This might include shares being sold off by original buyers, but should be close.
You can work yourself through https://bitfunder.com/assetlist for info on who holds shares.

I was literally typing, thank you Betatester. You beat me to it.
Just to add this round of the IPO is at a price per share of BTC 0.0018

In response to the above question "it's just been 11 days into the start of the IPO".

When are raised funds exchanged for FIAT-money? Given the recent depreciation of Bitcoin, shares should already have gained value.
Do you have any strategy on dealing with BTC volatility?

Whats the difference vs available vs in the pot?

I made a mistake when posting this. 911153 sold, those 3957954 available were meant to be in the pot for investors. Fixed the post.

I was doing a bit of research online and found this interesting page about evaluating gold mine investments, which may be of use to investors in this asset (especially people with no knowledge of the precious metals industry, which likely applies to bulk of the forum membership):

http://www.kengerbino.com/articles/12guidelines.html

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http://anonymouse.org/cgi-bin/anon-www.cgi/http://img841.imageshack.us/img841/3843/ukx7.jpg

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Kenilworth Exploration: Bitcoin Crowd Investing Meets Real-World mining
Vitalik Buterin | On 14, Jun 2013 - australia - gold - mining
Link: http://bitcoinmagazine.com/kenilworth-exploration-bitcoin-crowd-investing-meets-real-world-mining/

The problem is it's not a mining company, it's an exploration company. VERY VERY VERY BIG DIFFERENCE. Most explorers by far do not find an economical resource. However some of them do manage to find a steady stream of speculators willing to finance them while they 'explore'. Do your research, it actually costs very little to register a company, and even less to say your going to find millions of oz's of gold, but you just need a $million or two up front first.

I already posted this in reddit http://www.reddit.com/r/Bitcoin/comments/1gdbtp/kenilworth_explorations_your_thoughts/:

Just to help a bit with your research, Kenilworth say is they have 'an agreement' with an actual listed junior explorer, so not much to go on, but ...

"The obvious question for reasoned speculators now becomes, “How is it possible that 3,000 publicly listed companies are able to raise billions of dollars given that the odds of success are 1 in 1,000 for an OK deposit or 1 in 10,000 for the big deposit?” The simplistic answer is that Mother Nature has been very generous to exploration geologists and by association, the brokers that make their living selling the dreams of buried treasure to the public by playing to human nature: greed and the susceptibility to an easy getting rich quick story. "

You gotta wonder what are the odds for unlisted explorers, or rather the odds that the speculators will see any return at all?

https://www.explorationinsights.com/pebble.asp?relid=2408[1]

If you want to give money away give it charity.

Hmm,

I think the difference is that they have already found traces of Gold on their land.

Generally most exploration companies are at stage 1, go out and find something.
I think here, they are at stage 2, they have found something, and need funds to further detail exactly how much has is actually there.

So regardless, as long as the traces are correct, the promise of Gold is 100%. It is more of a question of exactly "how much".

-Ukyo

Just bought 2000-odd shares. My first bitcoin Investment (apart from my own mining equipment)   8)

So realistically when would we start to see dividends from this?

They are literally betting the farm on it so they must be very confident of a positive outcome.


http://bitcoinmagazine.com/kenilworth-exploration-bitcoin-crowd-investing-meets-real-world-mining/


http://bitcointalk.org/index.php?topic=222746.msg2363431#msg2363431

^{I assume this is the same property and the 96,000-94,000 difference is due to either a typo/factual error or they sold 2,000 acres in the last decade.}

How long to go from preliminary exploration to profitable mining? We're talking a few years before you see any real returns...

I read that as...


 ;D

Traces? Do you believe they've found, to quote Prendergast (sic) "Kenilworth Exploration has already a single hit of 107/gt Au-Gold in our one diamond drill."

In gold mining standards that's almost pure gold!

(btw does anyone else find his kindy-level grammar, not just in the quote above but throughout all his writing, oddly incongruent with his wide range of academic qualifications?)

"According to the World Gold Council (WGC), larger and better quality underground mines contain around 8 to 10g/t, with marginal underground mines have averages of around 4 to 6g/t. Open pit mines usually have lower grades from 1g/t to 4g/t, but can be highly valuable despite the lower average grade."

source http://goldinvestingnews.com/world-class-gold-deposits

C'mon guys do some basic research! At least google g/t gold. Or maybe what comes first, drilling or survey?

You bring up valid points.
I had not actually noticed the 107 g/t.
But this could just be a mistake
Maybe it should read 1.07 g/t.

To further staff this idea I checked the other documents for spelling mistakes.
You'll find both Prendergast and Prendegast used for the same person.
We'll also find the 107 g/t mention there.
Which really stands out as the odd number.
Because the other findings seem more realistic.
So should 107 g/t be a mistake and really be 1.07 g/t.
It seems strange that they wouldn't mention the 2.2 g/t they've found.

A company can't afford to make mistakes (or mislead) like this.
107 g/t has been mentioned by Prendergast several times now.
Enough chances to correct this mistake.
So I would assume he knows little of gold extraction.

We could also still be talking to someone posing as Prendergast.
Maybe Prendergast (Leo?) could make a video talking about Kenilworth AND Bitcoin.
Because I no longer have any inclination to purchase shares.

There is also an annoying error in the title of this thread: "Opertunity".

I wonder if on Bitcointalk you can change the title yourself or a mod has to do that.

really strange to have junior mining company trying to get funds from btc community. There is about 3000 companies like that with better drill results starving on toronto stock exchange... if the prices of gold and silver will be supressed by BIS, FED, ECB and other crony banksters, it is just waste of money. But maybe one day bitfunder will offer real producer of gold, oil or REE, that would be interesting, but not junior

So what, I think the community should embrace any real world business that attempts to fund itself through Bitcoins. Just as we want every vendor to accept BTC payments.

Read the posted documents and decide for yourself. Prendergast123 has answered questions about this IPO thoroughly, although he has not posted for a while. My impression is this business is totally legit. The owner has a long and successful business record in various fields and is apparently open for new ideas.

This stock should also be listed on the BTC Virtual Stock Exchange (https://btct.co/)

I sent a personal message to the OP asking if they were planning to trade on any other exchange, the answer was basically: 'no, but it would be brought up with other parties involved'.

I refuse to use wexchange which in turn knocks out bitfunder.

really strange to have junior mining company trying to get funds from btc community. There is about 3000 companies like that with better drill results starving on toronto stock exchange... if the prices of gold and silver will be supressed by BIS, FED, ECB and other crony banksters, it is just waste of money. But maybe one day bitfunder will offer real producer of gold, oil or REE, that would be interesting, but not junior
[/quote]

- All of the Mineral Exploration companies which you have mentioned and are referring too are exposed to a large number of daily working capital expenses and requirements, ultimately having a cash burn rate even if they stand still. Keniworth Exploration however, operates as a “virtual” mineral exploration company, with minimal third party direct employment and all the work is outsourced to consultancy companies. We also have our legal, accountancy and mineral licenses in place.  Therefore, following a tried and tested model used in Biotech – we can raise the funds to be later used to appreciate the assets of the Kenilworth Exploration EL's (exploration licenses), with the highest efficacy of funds used, expediated return of results and ultimately rewards to the investors.

- All of Kenilworth Exploration's reports for the funds, various consultants and mineral exploration experts which we will pay with investor's funds are available for full review.

- The results stated in all of the reports for Kenilworth Exploration which quote Au levels of 107 g/t AU (Gold) are accurate.
Please see the below attached table which is an excerpt from the report carried out by ALS (Australian Laboratory Services P/L).

The Diamond drill hole which these results were generated from, intersected very significant gold mineralisation with a large geochemical halo. The halo region may be as large as 40m. The Assay results are very significant and they indicate a substantial potential for an economic gold mine.

The Samples analysed by ALS (attached table) also indicated the presence of other minerals which are traditionally found accompanying significant gold deposits such as elevated silver (Ag), arsenic (As), bismuth (Bi), antimony (Sb), and selenium (Se). Furthermore, there is also significant correlation between gold and base metals (copper, lead, and zinc).

Just wanting to confirm that will be at midnight AEST on the 1st/2nd of July?

FYI: Orogenic Gold Deposit Model

Vein, stockwork and ‘disseminated’ gold deposits are very common within orogenic belts, providing a large percentage of total historical world and Australian gold production. Deposits can range from single small quartz veins to large and commonly high-grade, fault/shear controlled systems containing in excess of 2-5 million ounces of gold. Examples of such deposits are numerous and include the Tomingley-Caloma sytem in NSW, the Gympie deposit in Queensland, and the slate-belt deposits of Victoria (e.g. Bendigo, which is within the Lachlan Fold Belt). Quartz veins are usually steep and clustered and can be associated with pyrite, arsenopyrite, ankerite, sphalerite, galena and chalcopyrite. 

They should consider trading on BTCTC, Havelock and even MPEX also. The more likely they are to get capitalized soon to fund the helicopter EM survey.

Ed and Ethan’s Bitcoin Cast #18
Link: http://www.youtube.com/watch?v=kGxPaXOLNos&feature=youtube_gdata_player

> Anthony Di Iorio with the Bitcoin Alliance of Canada comes on the show to announce the Alliance’s new board of directors.
> Are the fees at Canadian exchange CAVIRTEX too high?
> Bitspend is out of business for the time being.
> Use your bitcoin to invest in a gold mining company? It’s possible.
> MT GOX has halted USD withdrawals.
> The hash rate on the bitcoin network is spiking big time!
> The BitAngels have made an investment.
> Destructive bug discovered in currency wiping out pensioners life savings!

It's at 16:50 for those interested.
However it probably won't give you any new insights if you're already reading this thread.

Hi!

I asked a question earlier about dividends and how these will work.

I guess what I'm asking is roughly when would we start to see dividends from this? How often will these be paid?

If regular dividends would start paying soon, I'd be willing to put more BTC into this now. Otherwise if the money isn't used for another 6 months I could invest my money into something else for the time being.

May as well have my BTC working for me  :)

I have this question incorporated into the webinar, I think to do your question justice I shall let Patrick fully answer your questions in detail.. The webinar shall be recorded and posted along with a transcript of the Questions and Answers.

I shall have it sent to you via PM the second it is uploaded, I do hope you are free also to join us.
Here are the details on the webinar.

Of the 4,012,756 shares that were put on offer 3,901,022 are still available nearly a month after the IPO started. That means only 111,734 were sold (x BTC0.0018 = BTC201,1212 x US$102.79 = US$20,673.25).

At this rate it's going to take more than 2.5 years to sell the remaining shares. :-\

What is your deadline for starting with the survey?

Did I miss it?
If I click the link it says "We're sorry, this meeting is not currently active".

Hope someone recorded or has a summary.

EDIT: nevermind, resend confirmation and now I get a recording.

I enjoyed that, thank you.
Even though it may not have been the best of recording equipment.

It was nice to hear the motivation about the company.
But also the confidence in Bitcoin.
I really hope you reach your target.
Because both Kenilworth and Bitcoin itself stand to gain wonderful perks.

However it's true that this IPO needs more attention from the community.
You talked about contacting podcasts.
I hope you'll contact the guys at the Plan B podcast:
http://www.jupiterbroadcasting.com/show/planb/ (http://www.jupiterbroadcasting.com/show/planb/)
Maybe do a live interview there?

It wouldn't be a bad idea to do another one of these live sessions.
But make sure to explain a bit more slowly for people new to mineral extraction.
Which is probably most of the people on Bitfunder.
Maybe get the technical quality up as well (a decent microphone ain't expensive).
And minus all those people talking in the back.

In the meanwhile I'll talk to some of my small-time-investor-friends to see if anyone's interested.
You're starting to win me over, but not quite yet.
Hopefully I won't miss the next live session.
So I can ask some questions. ;)

Is there a recording of this up yet?

Register here:
http://www.anymeeting.com/AccountManager/RegEv.aspx?PIID=E956DC84864C38 (http://www.anymeeting.com/AccountManager/RegEv.aspx?PIID=E956DC84864C38)

Then go here:
http://www.anymeeting.com/WebConference-beta/RecordingDefault.aspx?c_psrid=EE53DE82884B (http://www.anymeeting.com/WebConference-beta/RecordingDefault.aspx?c_psrid=EE53DE82884B)

And enter your login.
Should hopefully work.

Enjoyed the webinar.  A few thoughts:

1) The webinar helped reduced my fears that this might be an outright scam.  On first pass, when I first encountered your company, I had had trouble finding reference to bitcoin/Biftunder on your corporate website.  And my starting point is that every Bitcoin investment is a potential scan.  Because bitcoin time moves at lightspeed and this investment is a longer term one that won't produce immediate dividends, a higher confidence level is needed to invest in something like this than, say, some hashing bond that pay daily dividends.

2) Why are you not listing on btct.co as well, the other major retail bitcoin exchange?  (At least as passthrough shares.)  Your communication and responsiveness, and clarity of documentation, has been better than 90% of the assets listed on the bitcoin exchanges -- I would think you'd get approved right quick.   As several comments have already alluded to, there are untapped bitcoin resources out there that are wary of the Bitfunder/Weexchange platform (justified or not).  

3) It might behoove you to make explicit to potential investors why they stand to benefit (if they do) by investing in the first round, BEFORE the all-important helicopter survey, rather than waiting for the second or third round of fundraising.   http://www.kenilworthexploration.com/#!ke-share/cejk is a great document, but the share structure is more complicated than most other assets in the bitcoin world.   I got the impression from the webinar that Kenilworth views round 1 as the most difficult round of financing (because you'll have better proof of your mineral deposits for rounds 2 and 3), yet as an individual investor you haven't convinced me that it is in my individual self-interest to pull the trigger NOW and buy round 1 shares.   Do round 1 investors get rewarded for taking more risk than round 2 or 3 investors?  How much more?  Are the higher share prices reflected in the linked document for round 2 and round 3 set in stone?  If the BTC/dollar ratio dropped enough between now and subsequent rounds, might that perversely let me buy shares for less bitcoins per share in subsequent rounds?   In other words, I think you need not only to convince me to invest in Kenilworth (which the webinar helped do), but specifically convince me to invest in Kenilworth round 1 (which the webinar did not).

EDIT: In particular, if the prices are fixed at $0.19 for round 1 and $0.23 for round 2 as stated in the "Share Structure" doc, aren't you undermining investor interest in round 1?  That's only a 21% markup for round 2 shares.  Why wouldn't a rational investor wait until round 2, after the survey report, and see if you've struck the proverbial gold mine?



 

- The Board reserve the right to alter the offer price on any round based on exploration developments.

You should considering advertising on this forum as was suggested by someone in the webinar Q&A. Today a new round started on the Auctions subforum:

http://bitcointalk.org/index.php?topic=248128.0

Otherwise it's going to take 2.5 years to sell the remaining round 1 shares. ::)

- Brilliant tip thank you.

Excellent presentation.

A mining exploration company, seriously guys. If you guys know anything about Australia there are 100's of mining companies which you can invest in and most of these companies don't come even close to succeeding. If you are investing in this company you are a crazy crazy gambler or just ignorant of reality.

(I am an Australian share-market trader, (commsec)

Forgot to add: Using bitfunder vs commsec or any other trading platform that is legitamte in Australia. The reason why these guys are using bitfunder because they don't have to go through any red tape which would prevent them from starting such a absurd venture. Hence making it easy to fudge whatever they please.

Kids this is the real world.

I share Kyune's concern that Round 1 investors don't seem to have much incentive to sit and have their bitcoins do nothing for X amount of weeks.

I currently have 4000+ shares of Kenilworth but I'm getting a little antsy since I'm not seeing the volume pick up at all.  Meanwhile I could have tripled my investment if I had put my money in ASICMINER or CipherMine.

Registering on a BTCT.co is a must.  There needs to be more exposure of this interesting opportunity.

Implicit in Prendergast123's response is the incentive -- if the survey finds large deposits, presumably the Board would be motivated to sell subsequent rounds at higher prices, and round 1 investors would be rewarded (compared to subsequent investors) for their risk-taking and for parking their coins for what seems like an eternity in bitcoin-time.  Whether that reward would be adequate compensation is, of course, unclear.

Does this invalidate the other survey they had done?  What about their operation would prevent them from starting this venture on something like commsec?

You could have made even more by betting on right numbers on satoshi dice!

Q - Does this invalidate the other survey they had done?
A - No.

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https://upload.wikimedia.org/wikipedia/en/2/2e/CommSecLogo.png
Commonwealth Securities, also known as CommSec or ComSec, is Australia's largest discount stockbroking firm operated by the Commonwealth Bank of Australia, one of Australia's top four banks.
The subsidiary has been highly successful as a discount broker by attracting many so called "mums and dads" (retail) investors. It offers a telephone based brokerage service and advisory service, though its Internet trading platform constitutes the vast majority of its business

---

Yes Kenilworth Exploration is a serious mineral exploration company, yet you state it's an absurd venture, the reason for this statement is not elucidated, and your comment is merely a sound bite that means nothing.

- We have identified mineralisation upon our exploration tenements,
- We have one hit of a very high gold find, and many other mineralisation confirmation from the work already undertaken,
- We have independently valued our exploration license at $19 million,

There is nothing absurd about raising funds and expending them on further identifying and confirming the exact locations and volume of these mineralization zones upon our exploration licenses. We have undergone, and continue to undergo, red tape procedures to maintain our corporate entity.
As you should know red tape never selects the commercialisation of any business venture, and therefore your comment is yet again meaningless.

We are a leader in mineral exploration, the technologies that Kenilworth Exploration are employing to identify our mineralisation zones are the best available in the world today, we set out our clear budgets, we base our valuation in the market place upon 3rd party independent valuations, and will continue to do so. No other mineral exploration company does that.

We are open, honest and transparent and just because we are moving into a new realm of funding via bitcoins (BTC) does not distract from these aspects of our venture. Indeed because we are the first we take our responsibilities very seriously.

You would seem to presume that all persons that are involved with bitcoins are KIDS ("kids this is the real world") please do not attempt to make such presumptions, your comment is pejorative and arrogant. Just because you have been around, and only presume to understand the mechanisms of a CommSec trader.

Given that you would claim to understand the old-world trading mechanisms we must presume that you are aware that CommSec in Australia, with whom you claim to be a trader, had to admit to the Australian Securities & Investments Commission (ASIC) that their Australian traders, in Q4 2012, had engaged in dark pool trading,
Link: http://brw.com.au/p/investing/commsec_dark_pool_in_asic_spotlight_MqrQ3qjKzj2DyWgBhXq1XI

Dark pools in effect hides the scale, sale price and information relation to its trades, are theses the open, honest and transparent activities which would attract others to trade with CommSec, is this the type of " fudge" ( “making it easy to fudge whatever they please” ) that you expect others to engage in ?
 
Well don't presume that just because CommSec and its traders can attempt to fudge that other behave in a similar manner. Kenilworth Exploration Limited is a serious, genuine, open, honest and leading edge mineral exploration company, your postings can only be seen as a fear of new ideas, new funding mechanisms that may impact upon dark pool efforts by the established traders.

There is a simple reason why the IPO isn't getting subscribers.

Because it's a bad deal.

For starters, the valuation is ridiculous. And an investor needs to ask themselves why the board is not funding their exploration through other means, such as traditional banking finance. The answer to that question could very well be that they COULDN'T get finance because the business failed to meet general criteria (not enough assets or proof of a working business model).

There is 0 revenue reported. We have no details about the executive teams actual performance running a resources company. A valuation of 6-7m is frightful.

Please invest carefully.

Hey xavierlol I'm with you. I reckon kennel worth was dreamed up after a few pints of guiness late one night as a bit of a sc.. er joke.

Even if it wasn't you'd be crazy to give them your BTC while it's so far away from even a remote chance of getting off the ground, or seeing any return whatsoever, what's the point?

Prendergast: "Yes Kenilworth Exploration is a serious mining exploration company"

Exploring for mining, that doesn't make sense. Does he mean mining and exploration? Maybe he means minerals exploration. Is it serious mining or serious exploration? Oh it's just so complex isn't it? Anyway, who cares just what they do, that's a minor detail, they're a real world company, so let's move on. The Kennel Worth Serious Mining and Serious Minerals Exploration Leading Real World (honest) Company.

hmmm ...

They just don't advertise it enough. BFL is a bad deal but they advertise heavily. And get tonnes of pre-orders.


Care to explain?


I don't know how it is in Australia but here in the west (EU and USA) banks don't tend to lend money to businesses anymore. Some businesses can't get a loan even when the value of the collateral is higher than the requested loan.


Well d'oh, it's a startup. They haven't even done a full survey yet.


The bios of the board members are listed and many of them have decades long experience in the minerals sector.


What should the proper valuation be according to you?


Always good advice. As is not spreading FUD. ::)

I posted some brief research here http://www.reddit.com/r/Bitcoin/comments/1gdbtp/kenilworth_explorations_your_thoughts/ (http://www.reddit.com/r/Bitcoin/comments/1gdbtp/kenilworth_explorations_your_thoughts/) in case you missed it.

What's it worth?

Well actual proven reserves sell for far less.

You could start with a basic search, google "gold mining" site:.au news

and in the results:

eg a mere $13.5m for this http://www.proactiveinvestors.com.au/companies/news/33730/kentor-golds-andash-project-to-benefit-from-new-kyrgyz-republic-laws-33730.html (http://www.proactiveinvestors.com.au/companies/news/33730/kentor-golds-andash-project-to-benefit-from-new-kyrgyz-republic-laws-33730.html)

eg $2.8m for this stake: http://www.proactiveinvestors.com.au/companies/news/45322/red-rock-resources-sells-two-thirds-of-jupiter-mines-stake-for-a28mln-45322.html

http://www.proactiveinvestors.com.au/companies/news/45342/robust-resources-to-raise-941m-via-rights-issue-and-stake-sale-in-romang-island-project-45342.html (http://www.proactiveinvestors.com.au/companies/news/45342/robust-resources-to-raise-941m-via-rights-issue-and-stake-sale-in-romang-island-project-45342.html)


If you read further you'll find a lot of actual proven real world mines closing or reserves not being developed further due to becoming uneconomic - high cost of mining, low gold price.

Note that 'listed' companies as well as being far cheaper also give you some legal right to any profit.

will shares be available on litecoinglobal?

you are comparing rare earth sector mineral to the cryptocurrency tech sector. lol, oh man.

BIG NEWS!

Kenilworth is awaiting approval for listing on BTCT.co!

This extra exposure will really ramp up the funding they're looking for.

Me too.


Sorry dad.

Investment is risk, no matter the trade platform.

These guys could run with every bitcoin I invest, and it'd still be less criminal than using commsec!

 :)

Well I Invested in this. Keep up the good work. There are still may shares left, so this needs some more publicity in oder to get the helicopter airborne. Try to run some adds somewhere!

Totally agree to this one. I have invested and been involved with many mining companies in Australia and this is a bad deal. Don't want to slag off to much but my opinion is high risk, little reward , that's not making sense to any investor in the real world.

https://creditorwatch.com.au/express/asic/organisation/119439691


Anyone have anything to say about this?

ASIC = Australian Securities and Investments Commission = the Australian stockmarket regulator (similar to the US SEC).

http://www.asic.gov.au/

Think this deserves being addressed also darn ASIC imitators XD

Well, that's the nail in the coffin for me...

Hope Prendergast does an update on what happens with the shares.

This is very curious that the price in BTCT is above 0.0017 but in Bitfunder is under 0.0006.

This is fine, but according to the this corporations act on from ASIC, http://www.austlii.edu.au/au/legis/cth/repealed_act/cl184/s601ab.html, the deregistering takes place 2 months afterwards.  The date of publication was July 16, so the fact that it hasn't been deregistered on Aug 7 doesn't mean much.

It begs the question, which of these reasons was the one that started the deregistering procedure?

   ASIC may decide to deregister a company if:

(a)
    the company's annual return is at least 6 months late; and
(b)
    the company has not lodged any other documents under this Law in the last 18 months; and
(c)
    ASIC has no reason to believe that the company is carrying on business.


    ASIC may also decide to deregister a company if the company is being wound up and ASIC has reason to believe that:

(a)
    the liquidator is no longer acting; or
(b)
    the company's affairs have been fully wound up and a return that the liquidator should have lodged is at least 6 months late; or
(c)
    the company's affairs have been fully wound up under Part 5.4 and the company has no property or not enough property to cover the costs of obtaining a Court order for the company's deregistration.

Yea, a little more information would be nice.

NEED AN UPDATE!!!

I also had my worries and contacted Mr. Prendergast. I support breaking out of the meta-bitcoin securities, and getting (also) into the real world. So I find this a very appealing investment for many reasons, if only it helps BTC becoming more mainstream.

Here are some answers from Mr. Prendergast that he gave permission for to publish:


Hope it helps, and make your own conclusions.

And afterwards,


Which seems to apply to this http://dynamicbusiness.com.au/extracts/asic/organisation/119439691 (http://dynamicbusiness.com.au/extracts/asic/organisation/119439691)
Any Aussies or other people here that can verify this?

Confirms they are seriously incompetent. Sell while you still can.

I almost considered considering this as a good investment, but then i reconsidered.

Lol, comedy gold.

Have you been reading the thread?


Looks like other people are starting to worry.

Heck I would be too just watching this thread also gold price and the cutbacks to big names like Kinross and Barrick Gold makes the gold market unappetizing
http://www.cbc.ca/news/business/story/2013/08/01/barrick-gold-loss.html

Great news!

---

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Blog link: http://www.hxtop.com/html/bt01/201309102485.html
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Blog link: http://bbs.cnfol.com/thread-11319752-1-1.html
Blog link: http://www.xici.net/d193771141.htm
Blog link: http://bbs.nthaohe.com/forum.php?mod=viewthread&tid=722259&page=1&extra=#pid1570456
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Blog link: http://www.hzmlbb.com/read.php?tid-15720-ds-1.html
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Blog link: http://www.3qianke.cn/bbs/797/j5aCJeznM9wdJ6j3Wh93nrA0W23APvCD9b63
Blog link: http://bbs.nthaohe.com/forum.php?mod=viewthread&tid=722276&page=1&extra=#pid1570481
Blog link: http://bbs.nthaohe.com/forum.php?mod=viewthread&tid=722259&page=1&extra=#pid1570456
Blog link: http://www.xici.net/d193771141.htm

---

Yuck

+1
(double yuck)

Nice! Keep the good news coming!  8)

Any thoughts and/or comments about a plan stemming from the recent btct.co news?

+1

I just sent Prendergast123 a PM.

They have not been online recent enough to see what's going on. I am sure they will see the situation and move to either Havelock or Bitfunder.

:)

they are listed on bitfunder, i dont know about havelock. Personally, I prefer BF.

I also hold their shares, and waiting for the solution.

The listed page has a form for people to fill in - I hope you are subsequently going to ask them to transfer their shares to you before you give out shares on Bitfunder.  Otherwise people can claim their shares then transfer them to someone else (or sell them on the market).

Thank you for your comments.
- Correct, bridging onto BitFunder will commence once trading has stopped on BTCT as per the statement made by Ethan:

-  The verification process is in place so as no share will be duplicated.

Note:
Thank you, to all the Kenilworth shareholders that have submitted on the forum to date.
Everything is moving along "smoothly" under the circumstances.

Hello, I have Kenilworth on BTCT. But I haven't fill in your form because I don't how many shares I will have on 7th Oct. 2013. I am still selling my shares.

Could you figure out what should I do if I am not sure how many shares will be left?[/list]

I submitted form to transfer my shares as soon as I got it (sept 26?) and no movement so far. any ETA for shares to actually move? the sooner I get 100% away from BTCTC and wash the stink off my hands the better. :-)

Is there direct shares for this, how do I transfer shares from bitfunder/btct.co -> direct?

+1

How long does the transfer from BTCT to BitFunder usually take?

I think there need to be some updates from Kenilworth on this, how the transferring of shares process goes, if there will be options with direct shares(for other than the big majority owners) or if there might be an option with listing and transferring shares to another exchange like Havelock or maby even Cryptostocks as an alternative for those that will not be able to continue trading on Bitfunder.

also interested in direct shares!

+1

I need updates of transfer of my shares. Please update.

Deprived, Do you know the issuer of Kenilworth? I am trying to contact to them, but not get response yet.

No I don't.  I asked because I happened to have some Kenilworth shares on BTC-TC when the closure announcement occurred (LTC-ATF traded them a bit and I inherited them when I paid out all other investors in LTC-ATF at full NAV/U and took on the security holdings myself).

My transfer to Bitfunder went through some days ago - and I sold them off into the market.  I'm sure I sold them for less than they were worth but it was too small an amount for me to want to go through all the hassle of relisting elsewhere (plus I made a strategic decision that I'd get everything I possibly could off of Bitfunder ASAP).

Was there a webinar this last week? Could a link possibly be posted?
thanks..

In light of the expressed concerns of shareholders, Kenilworth is currently working on a
- "direct" share transfer option.
This option will be available in the coming week.

Please stay tuned for updates.

How long does the transfer from BTCT to BitFunder usually take?  i  Transfered shares  from  BTCT to BitFunder yesterday，  but still not have received

the week is over

still no updates?

+1    I am really hoping to hear what the plan is, since US and nonverified investors will need to make decisions as to whether or not to sell their assets by October 31. Thanks!

now that bitfunder is closing, where can we move our shares?
I would like havelock, but direct shares would work out ok too i suppose.
please address this issue Prendergrast123!

Since they handled the transition from BTCT to BitFunder quite professionally, I don't see a problem moving to Havelock.

- Kenilworth is currently looking into all options available. -
We hope to have updates for everyone very soon.

thanks, I think many, like myself, are anxious to resolve this dilemma.

I guess one options is Havelock if they are able to continue there business now with there move to Panama.

And the second option is Cryptostocks, im not a huge fan of how Kumala, Cryptostocks owner and Vircurex majority owner has treated the minority owners in Vircurex, but i guess Cryptostocks will probably be the last of the BTCstockexchanges to still stand. They will probably not get affected by any actions SEC or any other USA based government organization can take.

how about 796.com ？    in china  there is not legal question 

we need a solution for this soon.

+1

Agreed.  Bunch of shares just rotting on Bitfunder right now... :(

we're waiting!

+1

can we transfer shares to another exchange platform?

nope

Hello,

if anyone wants to sell KENILWORTH shares but can not do this anymore, I am interested in obtaining some.
Push the shares to my account on Bitfunder. Minimum transaction: 5000 shares (ask me for smaller amounts)

I am a German (European) citizen, fully verified at Bitfunder.

Payment via BTC or € via SEPA wire transfer.
International wire possible if the buyer pays for my fees as well (about 15€ + money conversion rate)
€ price will be calculated from this average €/BTC price: https://bitcoinaverage.com/#EUR|nogox (https://bitcoinaverage.com/#EUR|nogox) (note the |nogox !)

Hero members from the German subforum have my verified address.
Please also check my active in the KnC Miner discussion or in this German thread
https://bitcointalk.org/index.php?topic=286962.msg3380620#msg3380620
to see that I am a serious guy  ;)

Calculate my offer using this script.
Copy&Paste the BID Section from Bitfunder into this Unix script and use the number of shares wanted as parameter:


I am offering the medium bid price for 3x the amount of shares you want to buy.

Sample result for 10000 shares:


(I have the same offer for btcQuick shares here:  https://bitcointalk.org/index.php?topic=328919.0 )

trepex

So, it's a complicated way of saying you're buying them for much less than what one could get by simply dumping the shares on Bitfunder.


edit:
ATM, on Bitfunder:

SELL 10.000 shares = 0.34753984 BTC -> avg price 0.000034753984

SELL 30.000 shares = 0.569591BTC -> avg price 0.000018986367

In this example, you're buying for about 55% of the price one would get on Bitfunder. It gets worse when you sell more shares.

Yes. (OK, when you buy 1/3 of the best BID price: no)

It's an offer for people who can not sell them or need a solution now.

I am sorry when I did offend anyone. When you are a US citizen, complain to your government!

As probably not everyone is really fully understanding what my offer with the calculations) really means, let me give you some
examples (from real data):

Best 5 current offers:
10      ฿0.00007801     
1,500   ฿0.0000780       
30      ฿0.00007751     
875     ฿0.00007750     
30      ฿0.0000750       

You want to sell 3 shares. Medium price selling 3*3=9 shares = ฿0.00007801
You want to sell 10 shares. Medium price selling 3*10=30 shares = (10*฿0.00007801 + 20*฿0.0000780) / 30 = ฿0.000078003333
    (bad real sample data, sorry)
You want to sell 600 shares. Medium price selling 3* 600=1800 shares = (10*฿0.00007801 + 1500*฿0.0000780 + 30*฿0.00007751+60*฿0.00007750) / 1800 = ฿0.00006930

Or, push them to me, I'll sell them at market price and transfer the BTC to you (less transaction fees and a 5% management fee).

Yes, that's the main impact.
BUT: The BID orderbook (medium prices) will not change when multiple people buy shares directly!

Good idea!
I wonder why there had not been an offer like this in this thread before.

trepex

I doubt much will happen anyway. There hasn't been movement in about a week (and it was mainly painting the tape).

Yes, I also don't expect much to happen.
Just sit back and wait how the problem with Bitfunder closing will be solved.
For the "big" players I don't fear too much.

news of a new exchange?

As usual, people didn't heed my warning. Good luck getting your money back.

what warning?
If you read the company's statement, Kenilworth has stated that their field testing results will be ready around mid december. That means they will know if there is gold or not after that time. Until then these shares will just hang there, any movement is from investor impatience or ignorance, most likely both.
ofc, If there is no news or bad news after mid December - bagholders are hooped. It is an "exploration" company afterall, its different than a purely "mining" company. Their primary goal is locating rich veins of ore to mine.

However, listing on an exchange, or at least some acknowledgement that there is progress on this front would help greatly with investor confidence.

So... what do I do with my shares still @ BF?

With that "domain" and asking so many privat question, I would wait.
I think there is no reason for immediate action when you want to keep the shares (and transfer them to Havelock if possible).

Maybe some kind of impressum would make this look more legit!

Is there a space between "Kenilworth" and "Exploration"? Your account name is "Kenilworth Exploration" or "KenilworthExploration" ?

thanks much, Prendergast123! I will process my shares as soon as bitfunder's security certificate goes back to normal.  :P

Thanks, transfer complete!

BTW, any updates about status of exploration?

Is there a space between "Kenilworth" and "Exploration"? Your account name is "Kenilworth Exploration" or "KenilworthExploration" ?

Well I sent it WITH a space and didn't receive any errors, hope it'll do!

I don't whether bf account name can use a space. We need the confirmation from the issuer.

Transfer your shares to the Kenilworth Exploration account on Bitfunder.
Account name is: - Yes there is a space between.

Thank you for your answer. I've transfered shares to you on bitfunder and submitted the form.

Form filled, shares moved,Transfer complete.
Thanks Prendergast123
see you on havelock (good choice, btw)

can sb. please confirm this? Is this leggit and really working? I don't trust that strange subsubdomain.

- yes the form is legit...
- yes it is working perfectly... (It is how I organized the transfer from BTCT previously)
 Link:  http://kenilworth1.bizodo.com/f/Havelock
If you feel as if you want to print it out fill it in and fax or private message a scanned copy, that could also work.
Please advise as to how I can help in this regard.

the link is safe, it works fine, transfer went smoothly.

You should trust the issuer, not the website. If I give you a wonderful website and page, could you trust me to do what I tell you?

So get the point, man!

Completed the share transfer form and have transfered my shares to your account.

thanks

when the shares   transfer to Havelock？

Let's bump this up.

Any information on when the stock will be available on Havelock?

+1

Ｉcan not log in ! and ,and ,can not sigh up...
any one tell me what happen...thanks.

The link says your account is not currently active and is asking for a email address and password. ???

- I was adding a "captcha" as recommended, apologies for the brief downtime.
Everything is moving along nicely.

And what does that mean? When will the asset be listed on Havelock?

So what happened to my Kenilworth shares that are on Bitfunder?

I have set my public address, is that enough?

Glad I sold all my shares of this way back. It's still not on Havelock.

just get them onto havelock before mid december, please!

Good Job! Come on ! I also wait for your good news.

Is there some sort of hold out for Havelock? What's the delay? Could we get an ETA, pretty please?

Yes some sort of update would be highly appreciated

It seems that Kenilworth appeared on Havelock: https://www.havelockinvestments.com/fund.php?symbol=KENXPL

this link takes me to a havelock page reading "invalid fund symbol", doesn't appear in their list of funds. I suppose it is in pre-approval stage. Good to see some forward movement, anyway.

I just logged into my Havelock account and noticed that KENXPL is now showing up in my portfolio and on the fund list (although it is not yet open for trading). So it looks like the migration has been done now.

I've got it now too. listed as "private" any idea when it will go "public"? there is a news update scheduled for sometime soon (mid december) it would be nice to be able to trade this thing when the news comes.

ugh.
mine is still not there.  i didn't transfer my kenilworth because i had transfer issues so it stayedo n my bitfunder account.

I transferred my shares on Nov. 20 on Bitfunder and sent the form on bizodo then but I don't see anything on Havelock.

Anything I can/should do to verify the transfer?

Same here I transfered my shares and there's no sign of them on Havelock yet  ???

Prendergast123,

Some instructions on what to do in the event that a shareholder has not received their shares on Havelock yet, would be helpful and appreciated.

Thanks

So when can Kenilworth trade on Havelock?

When can we get the transferred shares on Havelock? We need to know the progress!

I've got my shares on Havelock, but I don't know when it can trade.

we need some updates here. when can the shares trade on havelock? what are the results of your test drillings? silence is no good, please release some info!

nothing  update？

Anyone tried to contact them through the website or telephone?

http://www.kenilworthexploration.com/#!contact/ce84 (http://www.kenilworthexploration.com/#!contact/ce84)

they were pretty good about communicating before, now they have gone silent. I certainly hope they can get the shares tradeable before any sort of news. right now they are "private" on Havelock and therefore untradeable! not good!

I have numerous contacts in the exploration mining world here in Canada, and all of my inquiries have been met with skepticism. Not that they think Kenilworth is fake, on the contrary. What they tell me is that 99% of ALL exploration companies go broke. It is just the way it goes, they are all long-shots. If they do strike rich veins, they will profit handsomely, but more likely than not, they will come up empty handed.

I've still got my fingers crossed, but what I EXPECT from Kenilworth is this; GET THE SHARES TRADING!!!!!!! and a little update/news/progress report would be nice.

We need to contact them and push them more active.

The shares are private for more than a month and the issuer not login in forum for 20 days. Are they trying to scam?

We are working with Havelock to be made active on their website.
We have supplied all of the information which they require and we are currently waiting for them to process all of their current listings. We are on the list and hope to be active on their system very soon.

Thank you for your patients with this process.
Once we have gone live on Havelock, we will sheducle another Webinar and provide a full recap of current events.

Kindest regards,
Kenilworth Resources Team.

good news. thank you.

Please be more active on forum. If you were missing for a month in forum, people are going to be panic.

I still haven't received my shares on Havelock? 

Still have not received mine either.

 :(

I'm sorry to hear that.  Prendergast123 doesn't seem to log on often.  Perhaps you should try contacting Havelock about your situation.  No guarantees but maybe they can help...

How can my shares be confirmed? I transferred from bitfunder a long time ago but haven't received the shares on havelock.

Is this stock now a scam or is something actually happening?

the hell is going on guys? bad news? you can tell me. I'm a big boy.
lets have a little info here, a webinar, something, anything...

I've tried contacting them on their Facebook page - https://www.facebook.com/KenilworthExploration - I previously emailed the address listed there a few weeks ago and still haven't got a reply?

I've got shares on HL for 2 months. I saw Rental Starter has issued their shares on HL. Hope they issue Kenilworth soon.

Still no news? I hope everything is going well with getting the shares listed on havelock.  :-\

I received several dozen of this today with a differing link at the bottom.  I clicked the link and got a website with a database error.  I'm not sure what to make of it.

I can't shine light on what's going on with Kenilworth.

But I do have email records on my end with RentalStarter's correspondence with Havelock. Our first contact with them for listing was January the 9th, the re-IPO date was February the 7th.

Take it as you may.

I've also got ~15 emails like this. I just deleted them.
@KENILWORTH, if the email is legid, send it again with a different subject and not from an aol account.

Also received the email seemed pretty dodgy so just deleted it as well.

Any updates to Kenilworth? When they will relaunch on Havelock or somewhere else?

so... they send everybody a super-inept email that says actually nothing and full of bad links, then go silent again...
I also wonder about the status on havelock. It says "private" next to the listing and the shares are not tradeable. Is this due to action or inaction on Kennilworth's part, or is it up to havelock and regulation-ing on their end that has prevented full approval and green light to trade.

I suppose kennilworth could very well be mineral explorations guys who have shitty PR and internet skills, cant say what the hell is going on since zero communications. I suppose until trading is enabled no news is good news (?)

Havelock locks all stocks while they import users and determine straggler shareholders. I'm not sure how it will work though with Kenilworth due to them not releasing more IPO shares (I can only speak from our standpoint as we did issue new shares after importing to HL).

Waiting for my shares to be transferred to Havelock since 20 Nov. 2013.

No hurry  ::)

hurry up

I guess I'm curious havelock if your around can you tell them what the situation is
(Aka the user)

A comment from Havelock would be nice at this point. KNL states issues from Havelock's side, which would sort of explain why some shares have been transferred and others not.

Hello,

We can't really comment on any ongoing applications currently with us.

Well it is nice to know that they are applying and it is still ongoing at this time

Thanks

Zero Communications

Well it seems like Prendergast123 has been logging on to his account recently, but he never bothered to comment on the matter.

this sucks.

say SOMETHING!

anything...

Amazing company!

oh look!  the kenilworth listing on havelock is labeled "invalid" now!

looks like these thieves have absconded with our btc. glad i only put a tiny amount in, but i will be notifying the authorities nonetheless.

scumbags.

Hmm, never got my shares on Havelock... :'(

Kids, don't buy Bitcoin "shares".

Think it has to do with havelock changes interpreting this

https://bitcointalk.org/index.php?topic=565415.msg6173037#msg6173037

whatever goes on kenilworth-less remains silent, therefore I must conclude they are gone and have no plans to honor their shareholders by making these shares tradeable on havelock, pivately, or anywhere else.

Kenilworth! I'm talking to you. Tell us WTF is going on!

the place to take your complaints about this scam "company" is the Australian Securities and Investments Commision (ASIC coincidentally) their consumer protection and complaints page is https://www.moneysmart.gov.au/

I'm just reading it now and will post my complaints there from now on, I suggest you all do as well. no shares, no news, nothing from kenilworth, this has gone on far too long already.

they are acting very foolish considering their registration with ASIC comes up for review in 4 days.

should have addressed your shareholders guys!

Placed your complaint?

to tell you the truth I have been hesitating to file the complaint.
I will explain by way of the example of another contentious security in this forum, namely ActiveMining. I also have a position in ActiveMining, who recently had a complaint filed with their local regulatory body, and that has only resulted in all shares being untradeable, thuslty screwing all the investors, whether they had faith in ActM or not. Needless to say there are some pretty angry investors out there.

Activemining has had problems getting their act together, but now it seems they are delivering on their promises...EXCEPT for getting shares online, but because of the actions of one disgruntled shareholder, everyone is out in the cold.

In comparison, Kenilworth has basically disappeared (no replies here, or from direct emails) so it is not fair to compare them. Activemining is actually trying, Kenilworth looks like they are simply a thief...so I would like to complain, and would advise all shareholders to do so, BUT ... I do not want to act alone and then bear the wrath of members here who feel they should continue to be given a chance.

maybe we should have a poll? Are you invested in this apparent scam? would you like to see actions taken vis a vis complaints to the Australian authorities?

I have a very small stake in this shitty mess, so I am not desperate to recover funds. I invested in good faith for the novelty of the idea and to support this sort of BTC/real world investments direction, but I feel like I have been taken for an ass.

Put your feelings regarding filing of complaints in here and I will take it from there.

Don't be ridiculous.  You gave your shares to Ken, and he doesn't want to list them or pay you dividends.  He simply conned you again.  There's absolutely no evidence of any investigation beyond Slaughter's own claim.  Shares in Active Mining are trading on CT right now.

don't try and make this an ActM thread. I simply used the analogy to point out the repercussions of bringing the authorities in on Kenilworth.

go troll somewhere else.

^With all the obvious scams you've "invested" in, you have the balls to lecture people about repercussions?  Amazing.

so whats your excuse?

I graciously give of my time, hoping to instill a modicum of common sense in the great unwashed of these fora, and you ask me ... "what's your excuse"? 

Edifying kindness towards my lessers require no excuses, young man!  To me it is noblesse oblige.

Check the account you're posting from. You accidentally used the wrong sock puppet  :-*!

You cursed brat! Look what you've done!
I'm melting! melting! Oh, what a world! What a world!
Who would have thought a good little girl like you could destroy my beautiful wickedness?!

Wait, what?

Three...

Two...

One...

Three quarters...

One half?

Yeah, OK
Whatevah

It doesn't look like they are trying to me, might as well turn up the heat (shares aren't tradeable anyway).

One possibility, before going postal legal on them would be to contact the company which was supposed to do the chopper survey end of last year and the other "known" associated companies (SNK or sth?).

Do you need to be an Oz resident to file a complaint?

I have sent mail directly to kenilworth since January. They have been silent.
You do not have to be an Australian national to file a complaint.

watching

Not sure how you arrived at this conclusion. We know for certain that the MSD is gathering evidence for an investigation.

I have arrived at that conclusion at a particular point in time, drawingthesun.  The point in time where that conclusion was justified, i.e before (magzy's?) email became public knowledge.  Temporality implies flux, drawingthesun.  Shit changes.

Fair enough.

Why was there a forced buyback on May 21st on Havelock? Did I miss something?

the buyback was for zero btc total. I guess it is a formality to strike it from havelock's books.
the complaint thing is way complicated and I am advised to actually telephone Australia for a bunch of stuff. I cant afford to call Australia as I'm in Canada.
still working on the complaint form even though I don't feel much like even thinking about it these days. I will try to get results emailing the various law enforcement over there, but it don't look good.
it was a dumb investment and i didn't put too much in, i hope nobody else did and judging by what goes on in this thread my guess is not many folks did.
the more I look at it I feel like these kenilworth asshats probably aren't even in Australia, so I'm kinda discouraged, but its on my to=do list.
fuuuu

At least the remaining 125% of your holdings are doing well :)

https://i.imgur.com/J9BnGgR.png

What's your Bitcoin address? I'll send you $5 worth of Bitcoin so you can have unlimited calls to Australia for a month.

Also, you probably shouldn't be investing in anything if you can't afford $5.

Skype works terrible for phone calls. Every time I've tried to use it the person on the other end just hears broken static.
I posted all the austraian securities and investment commission contact info earlier in this thread so anyone involved in this burn can proceed. Don't let me stop you.
But if you will excuse me, I have a family member who has just been diagnosed with lung cancer, so I have other, more pressing issues right now.

I've posted a message about my wariness of Ethereum, drawing a connection with Kennilworth: https://bitcointalk.org/index.php?topic=742562.msg8392786#msg8392786 you may be interested to read.