Title: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on June 01, 2013, 05:01:49 PM KENILWORTH EXPLORATION LTD. https://bitfunder.com/asset/Kenilworth ~ https://btct.co/security/KENILWORTH | 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 27th day of April 2006. On the 24th 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 3rd 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 | http://i42.tinypic.com/ojl6qq.jpg 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. http://i43.tinypic.com/2zs46s5.jpg 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. http://i44.tinypic.com/11l35f7.jpg[ 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. http://i40.tinypic.com/7250ra.jpg 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. http://i43.tinypic.com/2ppcy9g.jpg 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. http://i39.tinypic.com/2ppevdc.jpg 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. | 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: Quote Mr. Patrick Prendergast T: +35316272636 E: patrick.prendergast@me.com Quote Mr Leo Prendergast T: +35316272636 M : +353 85 2293462 E : leoprendergast@me.com Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 01, 2013, 05:02:37 PM Link to Kenilworth Webinar - 7.1.13 : http://youtu.be/U7FjTjoVtPs After looking at the webinar, please feel free to comment and take our survey. Survey URL: http://www.anymeeting.com/SYID=ED52DD84814E - Reserved - 3,899,684 @ ฿0.00180 price per share Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 02, 2013, 10:26:28 PM
Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: furuknap on June 02, 2013, 11:18:50 PM Sorry, wrong exchange. That's a dealbreaker for me.
.b Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: btceic on June 02, 2013, 11:49:53 PM Bought 2 shares
Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 02, 2013, 11:51:29 PM Sorry, wrong exchange. That's a dealbreaker for me. .b - Could you elaborate on that? Also thank you for your comment.- All questions and comments are welcome - Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 02, 2013, 11:56:11 PM Bought 2 shares - Someone (assuming you) literally did buy 2.. :) Thank you Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: furuknap on June 02, 2013, 11:59:06 PM Sorry, wrong exchange. That's a dealbreaker for me. .b - Could you elaborate on that? Also thank you for your comment.- All questions and comments are welcome - 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 03, 2013, 12:07:07 AM Sorry, wrong exchange. That's a dealbreaker for me. .b - Could you elaborate on that? Also thank you for your comment.- All questions and comments are welcome - 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 Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: Ukyo on June 03, 2013, 12:23:27 AM Sorry, wrong exchange. That's a dealbreaker for me. .b - Could you elaborate on that? Also thank you for your comment.- All questions and comments are welcome - 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. Hey Furuknap, As I stated, the issue was that the mail service provider was rejecting the emails. Not much we can do about that. :) Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: furuknap on June 03, 2013, 12:38:16 AM 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 Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 03, 2013, 02:26:36 AM Quote Betatester Jr. Member Re: Kenilworth Exploration (Australian Mineral Exploration) Today at 12:44:04 AM #34 Q- Can you assess the contents of your claims without seismic exploration? I see only drilling. Q- How many cores do you intend to drill? I like the idea of getting loads of bitcoins in dividends should it crash down to 10$ again. 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: Code: Important progress has been made in our ability to integrate, process, and visualize increasingly complexdatasets in 2D GIS and 3D platforms. For gold exploration, important geophysical advances include airborne gravity, routine 3D inversions of potential field data, and 3D modeling of electrical data. Improved satellite-, airborne- and field-based infrared spectroscopy has significantly improved alteration mapping around gold systems, extending the dimensions of the footprints and enhancing vectoring capabilities. - 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: Quote Conclusion The Kenilworth licences sit in a prospective geological address and as such hold potential to host shear/structural hosted Au/Cu mineralisation, as well as possible porphyry styles, similar to that seem at the Peak Gold Mine. Using a number of techniques as described above, SRK ES have calculated the minimum, maximum potential and final SRK ES technical valuations for the Kenilworth licences, these are US$3.5 million, US$ 264 million and US$19.1 million respectively. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: hak8or on June 03, 2013, 07:22:38 AM 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! Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: Betatester on June 03, 2013, 10:41:47 AM 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 Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 03, 2013, 12:04:34 PM 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! 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 } 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 } In relation to the potential success, I will quote from the Independent SRK Report: Quote Potential Values As highlighted above, the Kenilworth licences have a 'good geological address' being, as they are, in close geological relationships to operating mines and other known mineral occurrences. It is SRK ES's opinion that the most suitable comparison, bearing in mind the current level of understanding, is the Peak Gold Mine owned and operated by New Gold. Peak was discovered in 1980 and commenced mining in 1992 and has a current Ore Reserve of 570koz Au 67Mlbs Cu and Mineral Resource of a further 850Koz Au and 127Mlbs Cu. Epithermal mineralisation, hosted in shallow to deep marine metasediments, is Silurian/Devonian in age, possibly complicated by an intense basin inversion event in the Early Devonian, and is associated with multiple steeply dipping dilatational lenses with short strike lengths, narrow width and long vertical extents. The mineralisation model is of a shear hosted structural controlled Au/Cu precipitation. In 2010 Peak produced 95Koz Au, and assuming the copper and silver bi-product production, an equivalent output of 136koz Au. Their current exploration activity is targeting satellite deposits within 100km trucking distances following the construction of 3D models of the Cobar region in collaboration with local universities. In assessing potential values SRK ES have reviewed all public domain data on the Peak Gold Mine as well as data from certain databases SRK ES subscribe to, and produced a NPV style valuation for the mine. This constitutes the maximum potential value for the Kenilworth licences assuming 100% exploration success. It should be noted that this “potential” value has been discounted following SRK ES's geological review towards what is considered a likely maximum bearing in mind the level of data available at this stage of exploration. In this case SRK ES would suggest a maximum potential value of approximately US$264 million for the Kenilworth licences. Note: This report only covers three of the current six Exploration Licences. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: ChronoX5 on June 03, 2013, 07:56:03 PM 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? Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: thatbluedude on June 03, 2013, 08:31:04 PM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: SOSLOVE868 on June 03, 2013, 09:27:54 PM 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... Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: burnside on June 03, 2013, 09:44:34 PM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: MrMochi on June 03, 2013, 10:43:14 PM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 04, 2013, 12:22:34 AM 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? - 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 04, 2013, 12:23:37 AM 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. - 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 04, 2013, 12:28:22 AM 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 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 04, 2013, 03:18:14 AM 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 7th 2013). [ http://www.anymeeting.com/PIID=E956DC84864C38 ] Kindest regards. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: nebulus on June 04, 2013, 03:55:32 AM This... is... awesome! Pardon my french but 'shit just got real'.
Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: ffcitatos on June 04, 2013, 10:15:21 AM Kenilworth Exploration has already a single hit of 107/gt Au-Gold in our one diamond drill. 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: Deprived on June 04, 2013, 10:28:16 AM Kenilworth Exploration has already a single hit of 107/gt Au-Gold in our one diamond drill. 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: Betatester on June 04, 2013, 10:53:26 AM Kenilworth Exploration has already a single hit of 107/gt Au-Gold in our one diamond drill. 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. 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: Betatester on June 04, 2013, 10:59:43 AM 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.
Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: ffcitatos on June 04, 2013, 01:35:12 PM 107/gt AU would mean 107 grams of gold per ton of ore (AU is the chemical symbol for gold). 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? Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: Deprived on June 04, 2013, 01:40:25 PM 107/gt AU would mean 107 grams of gold per ton of ore (AU is the chemical symbol for gold). 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: Skrapps on June 05, 2013, 08:46:51 PM 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. 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. - Your question is currently being worked on - 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 06, 2013, 12:50:20 AM This... is... awesome! Pardon my french but 'shit just got real'. - 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: boyohi on June 06, 2013, 01:03:40 AM I'll keep you on my watch list. Best of luck to you.
Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 06, 2013, 01:04:46 AM Kenilworth Exploration has already a single hit of 107/gt Au-Gold in our one diamond drill. 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. - 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) Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 06, 2013, 01:13:03 AM Kenilworth Exploration has already a single hit of 107/gt Au-Gold in our one diamond drill. 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. 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. - 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 06, 2013, 01:24:23 AM 107/gt AU would mean 107 grams of gold per ton of ore (AU is the chemical symbol for gold). 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. - SRK are renowned industry experts. Link: http://www.srk.com.au/en/service/au-project-evaluation-services - Thank you Deprived, you are spot-on... Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: nebulus on June 06, 2013, 03:33:29 AM - 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'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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: ChronoX5 on June 06, 2013, 08:47:55 PM 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? - 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. 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 07, 2013, 12:02:04 AM Quote 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 Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: ChefBorjan on June 07, 2013, 04:12:25 PM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: hak8or on June 08, 2013, 01:31:07 AM 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/ Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 08, 2013, 01:58:16 AM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: 101111 on June 08, 2013, 02:50:21 AM I think there's gold in my backyard, can you send me some BTC please? I'll
what's not to like. oh and I'll setup a real world post office box so you can contact me Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: hak8or on June 08, 2013, 04:03:16 AM 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.
Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: 101111 on June 08, 2013, 05:59:24 AM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: tinus42 on June 08, 2013, 10:07:46 AM 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. 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. ;) Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: jim667 on June 08, 2013, 10:33:12 AM 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. 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: MrMochi on June 08, 2013, 10:55:32 AM 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. 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: joele on June 08, 2013, 11:10:08 AM I will invest 50 shares then forget about it, if this is real then I have something, otherwise just 0.09 lose. :D
Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: tinus42 on June 08, 2013, 04:20:06 PM 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/$file/A080_12.pdf On the last page (67) it states: KENILWORTH EXPLORATION PTY LTD ACN 119 439 691 will change to a public company limited by shares. The new name will be KENILWORTH EXPLORATION LIMITED ACN 119 439 691. So that should allay fears by some of this firm not being ligit. Kenilworth is a legimate ASIC miner. ;D Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: hak8or on June 08, 2013, 07:42:47 PM I made a post on reddit for you guys to hopefully get more people into investing in general and as a bonus give you guys some more exposure! http://www.reddit.com/r/Bitcoin/comments/1fwhjk/want_to_invest_in_bitcoin_but_willing_to_accept/ You are a hero... What's your BitFunder username. Private Message me. If you give away a one or more Bonus shares for some Reddit promo, I also made a post on Reddit about Kenilworth. http://www.reddit.com/r/Bitcoin/comments/1fvzw9/a_different_kind_of_bitcoin_mining_investing_in_a/ Only got one reply but it was worth a try. ;) You now have two more replies! :) Prepare for any downvotes though, it appears that there are some serial downvotes as well as possibly a good portion of people who really dislike any big money in bitcoin. Also, just to clarify, I have not received any bonus shares on bitfunder (nothing from them on my assets list) or anything else from them. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: pneumatic5 on June 08, 2013, 08:21:57 PM I googled a bit about the company and found this document of ASIC (!), the Australian counterpart to the SEC: ASIC GAZETTE A080/12, Tuesday, 6 November 2012 http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/A080_12.pdf/$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 sir, are hillarious. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: TadpolesIsAWinner on June 08, 2013, 08:45:13 PM 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. 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. ;) Ha. Yeah, give me a bonus share and I'll upvote BOTH of those posts! Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: TadpolesIsAWinner on June 08, 2013, 08:46:24 PM 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/$file/A080_12.pdf On the last page (67) it states: KENILWORTH EXPLORATION PTY LTD ACN 119 439 691 will change to a public company limited by shares. The new name will be KENILWORTH EXPLORATION LIMITED ACN 119 439 691. So that should allay fears by some of this firm not being ligit. Kenilworth is a legimate ASIC miner. ;D Very nice. +/u/bitcointip 1 beer verify he he Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: tinus42 on June 08, 2013, 09:01:33 PM I googled a bit about the company and found this document of ASIC (!), the Australian counterpart to the SEC: ASIC GAZETTE A080/12, Tuesday, 6 November 2012 http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/A080_12.pdf/$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 Very nice. +/u/bitcointip 1 beer verify he he Plz do that on Reddit. And have some beer in your account. ;) Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: MrMochi on June 09, 2013, 03:24:07 PM Is there a time limit for the IPO by the way?
Or will you just sell as many as possible and start anyway? Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: statdude on June 10, 2013, 08:47:17 PM Is there a way to tell how many shares have sold?
Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: Betatester on June 11, 2013, 06:43:29 AM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 11, 2013, 06:54:14 AM Is there a way to tell how many shares have sold? 4,869,105 shares issued 3,957,954 availlable at time of posting 911,151 still in the pot 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". Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: Betatester on June 12, 2013, 08:07:21 AM 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? Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: statdude on June 12, 2013, 04:02:48 PM Is there a way to tell how many shares have sold? 4,869,105 shares issued 3,957,954 availlable at time of posting 911,151 still in the pot 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. Whats the difference vs available vs in the pot? Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: Betatester on June 12, 2013, 08:48:29 PM Is there a way to tell how many shares have sold? 4,869,105 shares issued 3,957,954 availlable at time of posting 911,151 still in the pot 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. 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: tinus42 on June 13, 2013, 02:05:48 PM 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 Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 14, 2013, 10:53:44 PM http://anonymouse.org/cgi-bin/anon-www.cgi/http://img841.imageshack.us/img841/3843/ukx7.jpg 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/ Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: 101111 on June 15, 2013, 03:34:04 AM 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.
Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: 101111 on June 15, 2013, 04:18:46 AM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: Ukyo on June 15, 2013, 05:54:07 AM 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 Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: DobZombie on June 15, 2013, 10:48:33 AM 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? Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: tinus42 on June 15, 2013, 02:31:46 PM 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 They are literally betting the farm on it so they must be very confident of a positive outcome. Quote from: Bitcoin Magazine The backstory of the company begins at the turn of the century. In 2000, the Prendergast family bought a 96,000-acre farm in New South Wales, Australia, and in 2001 prospectors found a number of unexplored mineral deposits in the area. http://bitcoinmagazine.com/kenilworth-exploration-bitcoin-crowd-investing-meets-real-world-mining/ Patrick has a large 94,000 acre property "Kenilworth Station" that he will use as collateral. 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: Bonam on June 16, 2013, 05:05:33 AM 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? How long to go from preliminary exploration to profitable mining? We're talking a few years before you see any real returns... Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: DobZombie on June 16, 2013, 07:06:06 AM So realistically when would we start to see dividends from this? 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... How long is a piece of string? ;D Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: 101111 on June 16, 2013, 11:37:27 AM Hmm, I think the difference is that they have already found traces of Gold on their land. -Ukyo 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? Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: MrMochi on June 16, 2013, 12:44:43 PM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: tinus42 on June 16, 2013, 03:19:39 PM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: forensick on June 17, 2013, 05:56:50 AM 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 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 Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: Betatester on June 17, 2013, 11:47:11 AM (..) 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: Groc on June 17, 2013, 05:01:43 PM Sorry, wrong exchange. That's a dealbreaker for me. .b - Could you elaborate on that? Also thank you for your comment.- All questions and comments are welcome - This stock should also be listed on the BTC Virtual Stock Exchange (https://btct.co/) Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: skitchen on June 18, 2013, 11:34:08 PM Sorry, wrong exchange. That's a dealbreaker for me. .b - Could you elaborate on that? Also thank you for your comment.- All questions and comments are welcome - 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 19, 2013, 12:12:03 AM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with BTC Post by: Prendergast123 on June 19, 2013, 01:50:19 AM Quote 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! "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." - 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). Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: skitchen on June 19, 2013, 03:04:05 AM I have rescheduled the webinar with Patrick. Register below if you are free for 60min on Monday ( July 1st 2013 ). [ http://www.anymeeting.com/PIID=E956DC84864C38 ] Kindest regards. Just wanting to confirm that will be at midnight AEST on the 1st/2nd of July? Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on June 20, 2013, 03:52:37 AM 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. (after Phillips and Hughes 1998, AGSO Journal of Geology and Geophysics 17, 213-216) Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opertunity with Bitcoins Post by: tinus42 on June 20, 2013, 09:34:52 PM Sorry, wrong exchange. That's a dealbreaker for me. .b - Could you elaborate on that? Also thank you for your comment.- All questions and comments are welcome - 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. 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on June 23, 2013, 12:35:54 PM 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! Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: MrMochi on June 23, 2013, 05:30:59 PM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: DobZombie on June 26, 2013, 05:28:45 PM FYI: Orogenic Gold Deposit Model 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 :) Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on June 27, 2013, 11:56:27 AM FYI: Orogenic Gold Deposit Model 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. Quote Register below if you are free for 60min on Monday ( July 1st 2013 ) 3:00 PM - (GMT) Dublin. GMT 15:00 (3pm) - EST (GMT-5) 10:00 (10am) - EDST (GMT-4) 11:00 (11am) [ http://www.anymeeting.com/PIID=E956DC84864C38 ] Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: tinus42 on June 27, 2013, 05:39:55 PM 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? Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: MrMochi on July 01, 2013, 03:27:05 PM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: MrMochi on July 01, 2013, 04:22:47 PM 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. ;) Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: Queezy on July 01, 2013, 04:57:25 PM Is there a recording of this up yet?
Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: MrMochi on July 01, 2013, 05:07:28 PM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on July 01, 2013, 08:53:45 PM Link to Kenilworth Webinar - 7.1.13 : http://youtu.be/U7FjTjoVtPs After looking at the webinar, please feel free to comment and take our survey. Survey URL: http://www.anymeeting.com/SYID=ED52DD84814E (http://www.anymeeting.com/SYID=ED52DD84814E) Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: Kyune on July 02, 2013, 12:38:51 AM 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? Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on July 02, 2013, 12:24:37 PM Enjoyed the webinar. A few thoughts: 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: tinus42 on July 02, 2013, 01:46:25 PM 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. ::) Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on July 02, 2013, 02:02:21 PM 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: - Brilliant tip thank you.http://bitcointalk.org/index.php?topic=248128.0 Otherwise it's going to take 2.5 years to sell the remaining round 1 shares. ::) Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: nebulus on July 02, 2013, 03:12:45 PM Excellent presentation.
Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: hamiltino on July 02, 2013, 03:58:06 PM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: shadallion on July 02, 2013, 04:47:52 PM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: Kyune on July 02, 2013, 05:21:00 PM Enjoyed the webinar. A few thoughts: 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. Quote from: shadallion 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. 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: eltonjock on July 03, 2013, 04:38:40 AM 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. Does this invalidate the other survey they had done? What about their operation would prevent them from starting this venture on something like commsec? Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: Betatester on July 05, 2013, 10:03:27 AM 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. You could have made even more by betting on right numbers on satoshi dice! Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on July 07, 2013, 01:12:31 AM Link to Kenilworth Document: http://bit.ly/10GfiuU After looking at the document, please feel free to reTweet: http://clicktotweet.com/43YQ7 Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on July 07, 2013, 02:20:54 PM 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. Does this invalidate the other survey they had done? What about their operation would prevent them from starting this venture on something like commsec? Q - Does this invalidate the other survey they had done? A - No. 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 Quote “Dark pools are a concern to ASIC because the details of the trades executed through the structure aren’t disclosed publicly so there’s no way to tell whether a buy or sell order is executed at a fair price.” 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: xaviarlol on July 08, 2013, 11:45:46 AM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: 101111 on July 08, 2013, 01:20:38 PM 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 ... Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: tinus42 on July 08, 2013, 08:36:04 PM There is a simple reason why the IPO isn't getting subscribers. Because it's a bad deal. They just don't advertise it enough. BFL is a bad deal but they advertise heavily. And get tonnes of pre-orders. For starters, the valuation is ridiculous. Care to explain? 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). 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. There is 0 revenue reported. Well d'oh, it's a startup. They haven't even done a full survey yet. We have no details about the executive teams actual performance running a resources company. The bios of the board members are listed and many of them have decades long experience in the minerals sector. A valuation of 6-7m is frightful. What should the proper valuation be according to you?Please invest carefully. Always good advice. As is not spreading FUD. ::) Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: 101111 on July 09, 2013, 02:43:59 AM 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.
Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: 101111 on July 09, 2013, 03:18:03 AM 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: arctos on July 09, 2013, 05:09:23 PM will shares be available on litecoinglobal?
Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: stslimited on July 09, 2013, 05:20:12 PM 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. you are comparing rare earth sector mineral to the cryptocurrency tech sector. lol, oh man. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: shadallion on July 10, 2013, 10:39:23 PM BIG NEWS!
Kenilworth is awaiting approval for listing on BTCT.co! This extra exposure will really ramp up the funding they're looking for. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: DobZombie on July 13, 2013, 01:06:37 AM (I am an Australian share-market trader, (commsec) Me too. 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. 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! :) Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: SimonBelmond on July 13, 2013, 09:44:50 AM 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!
Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: Slipage on July 13, 2013, 12:03:37 PM 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. 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. Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on July 16, 2013, 08:48:36 PM Link to Blog: http://bit.ly/190j0Vo After looking at the site, please feel free to reTweet: http://clicktotweet.com/B2YcR Title: Re: [BitFunder] Kenilworth Exploration - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on July 19, 2013, 09:29:25 PM Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on July 25, 2013, 09:32:45 PM Link to BTCT.co Exchange: https://btct.co/security/KENILWORTH Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: jedunnigan on July 31, 2013, 02:44:27 PM https://creditorwatch.com.au/express/asic/organisation/119439691
Quote NOTICE OF PROPOSED DEREGISTRATION - ASIC initiated Company details Company: KENILWORTH EXPLORATION LIMITED ACN: 119 439 691 Notice ASIC proposes to deregister the Company under section 601AB. ASIC may deregister the Company when two months have passed since publication of this notice. Date of publication: 16 July 2013 Anyone have anything to say about this? Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: tinus42 on July 31, 2013, 03:54:57 PM http://www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s601ab.html It looks like even when they are not related to ASICs, ASIC wants to relate to them. ASIC = Australian Securities and Investments Commission = the Australian stockmarket regulator (similar to the US SEC). http://www.asic.gov.au/ Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: freedomno1 on August 01, 2013, 05:42:19 AM Think this deserves being addressed also darn ASIC imitators XD
Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: eltonjock on August 01, 2013, 05:24:18 PM https://creditorwatch.com.au/express/asic/organisation/119439691 Quote NOTICE OF PROPOSED DEREGISTRATION - ASIC initiated Company details Company: KENILWORTH EXPLORATION LIMITED ACN: 119 439 691 Notice ASIC proposes to deregister the Company under section 601AB. ASIC may deregister the Company when two months have passed since publication of this notice. Date of publication: 16 July 2013 Anyone have anything to say about this? Well, that's the nail in the coffin for me... Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: MrMochi on August 01, 2013, 05:33:37 PM Hope Prendergast does an update on what happens with the shares.
Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on August 06, 2013, 02:49:57 PM Link to ASIC site: http://bit.ly/12XzZ9d After looking at the site, please feel free to reTweet: http://clicktotweet.com/dhw2c Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lg15x on August 06, 2013, 03:01:13 PM This is very curious that the price in BTCT is above 0.0017 but in Bitfunder is under 0.0006.
Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: adameb on August 06, 2013, 03:11:27 PM Link to ASIC site: http://bit.ly/12XzZ9d After looking at the site, please feel free to reTweet: http://clicktotweet.com/dhw2c 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. Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: jedunnigan on August 06, 2013, 04:28:59 PM Yea, a little more information would be nice.
Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: shadallion on August 06, 2013, 07:36:29 PM NEED AN UPDATE!!!
Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Omen1855 on August 07, 2013, 10:46:33 AM 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: Quote Thanks for your support and I hope we can justify your confidence in our company and our IPO. I wish to assure you that we are addressing all issues you bring up and we are very confident that Kenilworth Exploration Ltd will succeed in closing its first round and returning our EM readings and improved valuation to shareholders. We believe that by putting our company stock completely into bitcoin that we are safeguarded our mineral resource value from currency and share fluctuations that will inevitable occur as conventional fiat currencies are reconfigured in the not too distant future as a result of QE pressure. I answer you questions below but would like further comment or questions and Thanks again for your support. https://creditorwatch.com.au/express/asic/organisation/119439691 More so since ASIC in Australia in the mining business is not something I know a lot about. I have faith in your team and am willing to take a risk, but it would help if you would address that issue. Answer: Firstly : we have paid the ASIC fee and hope to have this rectified within a day on the official ASIC website / this issues is solely due to a error in payment transfer by OKpay a number that we have had in the past month Next, what happens when the IPO fails reach its goal in the nr of sold shares? Is there is a guarantee of a buyback at failure in raising the capital, I could not find anything mentioned about that in the documentation, but I might have missed it. Or is investor loss just implied? Answer: Now we are working to make it succeed and we have taken out Advertisments in bitcoin magazine and want more suggestions on getting out to more people since two thirds of the visits to our site are from China we are putting up our offer document in Chinese and have employed a Chinese person we work with in another area to monitor and answer questions on the Chinese forum this should start next week. If after three months we have not hit our target for round one, I (Patrick T Prendergast ) will subscribe to close round one from funds I am currently in the process of making from the sale of a drug for hepatitis C which I invented and which has completed a 28patient study in Beijing this drug was valued at $75mil prior to patient studies and from the results we expect to license for enough to our company Canopus BioPharma Inc to allow them pay outstanding royalty payments to me to allow me to contribute to complete round 1 and get the EM survey completed which we have great confidence will enhance our independent valuation which should be reflected in our stock price on BTCT and bitfunder . I look forward to your comments and questions. Regards Patrick. Patrick T Prendergast PhD. Hope it helps, and make your own conclusions. Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Omen1855 on August 07, 2013, 10:51:51 AM And afterwards,
Quote Subject: Kenilworth registered again Organisations & Business Names KENILWORTH EXPLORATION LIMITED ACN 119 439 691 Company Summary Name: KENILWORTH EXPLORATION LIMITED ACN: 119 439 691 ABN: 25 119 439 691 Registration date: 27/04/2006 Next review date: 27/04/2014 Former name(s): KENILWORTH EXPLORATION PTY LTD Status: Registered Type: Australian Public Company, Limited By Shares Locality of registered office: Dubbo NSW 2830 Regulator: Australian Securities & Investments Commission 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? Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: 101111 on August 11, 2013, 07:09:58 AM Hope it helps, and make your own conclusions. Confirms they are seriously incompetent. Sell while you still can. Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Sou on August 12, 2013, 08:11:37 AM I almost considered considering this as a good investment, but then i reconsidered.
Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: jedunnigan on August 12, 2013, 04:45:37 PM I almost considered considering this as a good investment, but then i reconsidered. Lol, comedy gold. Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Peter Lambert on August 12, 2013, 04:55:18 PM So, no news, and no one is worried? Have you been reading the thread? I almost considered considering this as a good investment, but then i reconsidered. Hope it helps, and make your own conclusions. Confirms they are seriously incompetent. Sell while you still can. Yea, a little more information would be nice. Looks like other people are starting to worry. Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: freedomno1 on August 12, 2013, 09:30:18 PM So, no news, and no one is worried? Have you been reading the thread? I almost considered considering this as a good investment, but then i reconsidered. Hope it helps, and make your own conclusions. Confirms they are seriously incompetent. Sell while you still can. Yea, a little more information would be nice. 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 Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on August 12, 2013, 10:30:26 PM Link to Kenilworth Webinar - 8.21.13 : Time: 8/21/2013 5:00 PM (UTC-05:00) Eastern Time (US & Canada) for 60 minutes Audience Log-in URL http://www.anymeeting.com/kenilworth1 Registration Form URL http://www.anymeeting.com/PIID=E958DF82864838 The company has secured funding to allow the initiation of the EM program. We will have more details on Wednesday thus the rescheduling. Apologies for the delay but the management believes having the webinar on Wednesday, will be more informative. As they will be able to share all of the new developments which have enabled the commencement of the EM scan. Sorry for any inconvenience which this short notice change of time/date has caused. Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on August 21, 2013, 01:51:50 PM Kenilworth Press Release - 8.21.13 : We are pleased to announce that Kenilworth Exploration Ltd, has secured an investment of $250,000 Australian dollars into our IPO at a value per share of BTC0.0018. These funds will be available in September together with funds already invested by our current shareholders. This now gives us sufficient funds to initiate our Electromagnetic Survey (EM) using Helitem Technology for certain portions of our three EL's. Helitem is the worlds most powerful time-domain electromagnetic system, ensuring the greatest depth of exploration possible for any electromagnetic system. The IPO will remain open at the current offer price as this EM survey commences and the IPO (Round 1) will close on the presentation of our survey results in approximately four months. Our initial EM survey was budgeted to cost $456,663 Australian Dollars however this did not include supervision and analysis costs, so our current program will be reduced in size and be very targeted. We intend to complete the full EM survey area following increased investor confidence with the release of the results in four months. We appreciate that investors on the bitcoin exchanges have been cautious in their support of our IPO. However, we believe by staying the course and proving the presence of mineralization we will build confidence in the permanence and long term value of our mineral assets. Please feel free to reTweet: http://clicktotweet.com/cvG22 Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on August 21, 2013, 04:23:54 PM Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: OneBTCJay on August 21, 2013, 04:32:24 PM Great news!
Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on September 06, 2013, 06:44:03 PM Link to Kenilworth Document - Chinese Translation: http://bit.ly/1dNmw7z After looking at the document, please feel free to reTweet: http://clicktotweet.com/8cRJg Blog link: http://bbs.tianya.cn/post-develop-1432059-1.shtml Blog link: http://8btc.com/thread-740-1-1.html Blog link: http://www.hxtop.com/html/bt01/201309102485.html Blog link: http://www.btcbbs.com/forum.php?mod=viewthread&tid=1972 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 Blog link: http://bbs.tb39c.com/read.php?tid=35629&ds=1 Blog link: http://www.hzmlbb.com/read.php?tid-15720-ds-1.html Blog link: http://bbs.zhangzhouba.com/forum.php?mod=viewthread&tid=30411&extra= 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 Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on September 08, 2013, 09:50:49 AM Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: DobZombie on September 09, 2013, 12:52:28 PM http://www.rte.ie/news/2013/0908/472937-australia/ Yuck Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on September 19, 2013, 02:31:30 AM "Kenilworth Exploration Webinar - 10.14.13" The meeting is next scheduled on: Monday, October 14, 2013 4:00 PM - 5:00 PM (Eastern Time) Registration Form URL: http://www.anymeeting.com/PIID=E959DF8083483C Webinar Live Link: http://www.anymeeting.com/kenilworth1 Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: inspiredinvestor on September 19, 2013, 02:50:48 AM http://www.rte.ie/news/2013/0908/472937-australia/ Yuck (double yuck) Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on September 20, 2013, 11:13:32 PM Thomson Resource AJM Cobar Article Nov-Dec 2012 Link to PDF: http://tinyurl.com/ke-Thom-2012 Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: mobile on September 22, 2013, 05:09:53 PM Nice! Keep the good news coming! 8)
Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: mobile on September 23, 2013, 04:38:44 PM Any thoughts and/or comments about a plan stemming from the recent btct.co news?
Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on September 23, 2013, 10:53:43 PM Any thoughts and/or comments about a plan stemming from the recent btct.co news? +1 Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: drawingthesun on September 24, 2013, 04:41:04 PM 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. :) Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on September 24, 2013, 06:37:10 PM 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. Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lg15x on September 25, 2013, 03:40:21 AM I also hold their shares, and waiting for the solution.
Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on September 25, 2013, 04:27:42 AM I also hold their shares, and waiting for the solution. Solution :) kenilworth1.bizodo.com/f/BTCT_BitFunder (http://kenilworth1.bizodo.com/f/BTCT_BitFunder) Also a reminder that Patrick Prendergast will be holding a webinar on the 1st October Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Deprived on September 25, 2013, 04:32:48 AM I also hold their shares, and waiting for the solution. Solution :) kenilworth1.bizodo.com/f/BTCT_BitFunder (http://kenilworth1.bizodo.com/f/BTCT_BitFunder) Also a reminder that Patrick Prendergast will be holding a webinar on the 1st October 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). Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on September 26, 2013, 02:58:40 AM Quote kenilworth1.bizodo.com/f/BTCT_BitFunder (http://kenilworth1.bizodo.com/f/BTCT_BitFunder) 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: Quote
Note: Thank you, to all the Kenilworth shareholders that have submitted on the forum to date. Everything is moving along "smoothly" under the circumstances. Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lg15x on September 28, 2013, 02:42:26 PM Quote kenilworth1.bizodo.com/f/BTCT_BitFunder (http://kenilworth1.bizodo.com/f/BTCT_BitFunder) 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: Quote
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] Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on October 02, 2013, 10:18:29 PM 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. :-)
Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: OneBTCJay on October 08, 2013, 10:46:02 PM Is there direct shares for this, how do I transfer shares from bitfunder/btct.co -> direct?
Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: ryolitex on October 10, 2013, 12:57:02 AM Is there direct shares for this, how do I transfer shares from bitfunder/btct.co -> direct? +1 Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: pascal257 on October 10, 2013, 09:21:34 PM How long does the transfer from BTCT to BitFunder usually take?
Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: thy on October 12, 2013, 06:28:36 AM 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.
Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: 1John8Lare on October 12, 2013, 04:35:37 PM also interested in direct shares!
Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lg15x on October 14, 2013, 07:35:52 AM 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. +1 I need updates of transfer of my shares. Please update. Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lg15x on October 15, 2013, 03:29:51 PM I also hold their shares, and waiting for the solution. Solution :) kenilworth1.bizodo.com/f/BTCT_BitFunder (http://kenilworth1.bizodo.com/f/BTCT_BitFunder) Also a reminder that Patrick Prendergast will be holding a webinar on the 1st October 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). Deprived, Do you know the issuer of Kenilworth? I am trying to contact to them, but not get response yet. Title: Re: [BitFunder][BTCT.co] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Deprived on October 15, 2013, 04:07:06 PM I also hold their shares, and waiting for the solution. Solution :) kenilworth1.bizodo.com/f/BTCT_BitFunder (http://kenilworth1.bizodo.com/f/BTCT_BitFunder) Also a reminder that Patrick Prendergast will be holding a webinar on the 1st October 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). 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). Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: ryolitex on October 18, 2013, 02:40:34 AM Was there a webinar this last week? Could a link possibly be posted?
thanks.. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on October 19, 2013, 11:24:33 PM 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: echopisces on October 24, 2013, 03:38:53 AM 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 Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: 1John8Lare on October 28, 2013, 04:10:18 PM 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. the week is over still no updates? Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: supermono on October 30, 2013, 05:03:50 AM 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. 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! Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on November 05, 2013, 03:47:39 AM 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! Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: pascal257 on November 05, 2013, 01:54:52 PM now that bitfunder is closing, where can we move our shares? Since they handled the transition from BTCT to BitFunder quite professionally, I don't see a problem moving to Havelock.I would like havelock, but direct shares would work out ok too i suppose. please address this issue Prendergrast123! Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on November 05, 2013, 07:05:30 PM - Kenilworth is currently looking into all options available. -
We hope to have updates for everyone very soon. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on November 05, 2013, 08:52:38 PM - 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: thy on November 05, 2013, 09:59:18 PM - Kenilworth is currently looking into all options available. - I guess one options is Havelock if they are able to continue there business now with there move to Panama.We hope to have updates for everyone very soon. 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: echopisces on November 06, 2013, 01:42:32 AM - Kenilworth is currently looking into all options available. - I guess one options is Havelock if they are able to continue there business now with there move to Panama.We hope to have updates for everyone very soon. 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 Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Atompeace on November 06, 2013, 05:50:40 AM we need a solution for this soon.
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on November 08, 2013, 03:57:43 AM Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: wmcleod on November 08, 2013, 04:40:55 AM Agreed. Bunch of shares just rotting on Bitfunder right now... :(
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on November 08, 2013, 11:20:21 PM we're waiting!
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: thehun on November 10, 2013, 12:35:24 PM Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lg15x on November 11, 2013, 06:07:51 AM can we transfer shares to another exchange platform?
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: KS on November 11, 2013, 02:01:47 PM nope
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: trepex on November 11, 2013, 02:19:18 PM can we transfer shares to another exchange platform? 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: Quote if test $# -ne 1 then echo "Missing parameter: number of shares" exit 1 fi grep -v "Quick Fill" | tr -d ",฿" | \ awk -v buying=$1 'BEGIN {buying=buying*3; price_sum=0; bought=0} { if(bought > 0) { printf "# buying: %d, bought: %d, paid: %.8f (%.8f), avg: %.8f\n", buying, bought, price_sum, price_sum/3, price_sum/bought } if(bought+$1 < buying) {bought=bought+$1; price_sum=price_sum+$1*$2} else {if(bought < buying) {price_sum=price_sum+(buying-bought)*$2; bought=buying}}} END {printf "%d shares will be bought for %.8f BTC (avg: %.8f BTC/share)\n", bought/3, price_sum/3, price_sum/bought}' I am offering the medium bid price for 3x the amount of shares you want to buy. Sample result for 10000 shares: Quote ../bitfunder.sh 10000 < kenilworth.txt # buying: 30000, bought: 10, paid: 0.00078010 (0.00026003), avg: 0.00007801 # buying: 30000, bought: 1510, paid: 0.11778010 (0.03926003), avg: 0.00007800 # buying: 30000, bought: 1540, paid: 0.12010540 (0.04003513), avg: 0.00007799 # buying: 30000, bought: 2415, paid: 0.18791790 (0.06263930), avg: 0.00007781 # buying: 30000, bought: 2445, paid: 0.19016790 (0.06338930), avg: 0.00007778 # buying: 30000, bought: 2465, paid: 0.19141850 (0.06380617), avg: 0.00007765 # buying: 30000, bought: 3465, paid: 0.25393850 (0.08464617), avg: 0.00007329 # buying: 30000, bought: 4116, paid: 0.27027860 (0.09009287), avg: 0.00006567 # buying: 30000, bought: 5116, paid: 0.29327860 (0.09775953), avg: 0.00005733 # buying: 30000, bought: 15116, paid: 0.40437860 (0.13479287), avg: 0.00002675 # buying: 30000, bought: 30000, paid: 0.56959100 (0.18986367), avg: 0.00001899 # buying: 30000, bought: 30000, paid: 0.56959100 (0.18986367), avg: 0.00001899 # buying: 30000, bought: 30000, paid: 0.56959100 (0.18986367), avg: 0.00001899 # buying: 30000, bought: 30000, paid: 0.56959100 (0.18986367), avg: 0.00001899 10000 shares will be bought for 0.18986367 BTC (avg: 0.00001899 BTC/share) (I have the same offer for btcQuick shares here: https://bitcointalk.org/index.php?topic=328919.0 ) trepex Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: KS on November 11, 2013, 03:00:42 PM 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: trepex on November 11, 2013, 03:04:11 PM 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. 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! Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: trepex on November 11, 2013, 03:19:52 PM 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. Yes. (OK, when you buy 1/3 of the best BID price: no) 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 Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: KS on November 11, 2013, 03:21:04 PM 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).
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: trepex on November 11, 2013, 03:22:54 PM ... 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, that's the main impact. BUT: The BID orderbook (medium prices) will not change when multiple people buy shares directly! Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: trepex on November 11, 2013, 03:27:23 PM 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). Good idea! I wonder why there had not been an offer like this in this thread before. trepex Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: KS on November 11, 2013, 03:49:48 PM I doubt much will happen anyway. There hasn't been movement in about a week (and it was mainly painting the tape).
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: trepex on November 11, 2013, 04:34:30 PM 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: KS on November 12, 2013, 07:21:33 PM news of a new exchange?
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: xaviarlol on November 12, 2013, 10:04:53 PM As usual, people didn't heed my warning. Good luck getting your money back.
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on November 12, 2013, 11:44:20 PM 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on November 13, 2013, 03:06:30 AM Kenilworth BitFunder is transfering to Havelock kenilworth1.bizodo.com/f/Havelock (http://kenilworth1.bizodo.com/f/Havelock) Thank you for your patience Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: ar9 on November 13, 2013, 04:57:15 AM So... what do I do with my shares still @ BF?
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: trepex on November 13, 2013, 05:51:37 AM Kenilworth BitFunder is transfering to Havelock kenilworth1.bizodo.com/f/Havelock (http://kenilworth1.bizodo.com/f/Havelock) Thank you for your patience 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! Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lg15x on November 13, 2013, 06:33:34 AM Kenilworth BitFunder is transfering to Havelock kenilworth1.bizodo.com/f/Havelock (http://kenilworth1.bizodo.com/f/Havelock) Thank you for your patience Is there a space between "Kenilworth" and "Exploration"? Your account name is "Kenilworth Exploration" or "KenilworthExploration" ? Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on November 13, 2013, 06:49:33 AM Kenilworth BitFunder is transfering to Havelock kenilworth1.bizodo.com/f/Havelock (http://kenilworth1.bizodo.com/f/Havelock) Thank you for your patience thanks much, Prendergast123! I will process my shares as soon as bitfunder's security certificate goes back to normal. :P Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: thehun on November 13, 2013, 08:39:29 AM Thanks, transfer complete!
BTW, any updates about status of exploration? Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lg15x on November 13, 2013, 08:59:11 AM 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" ? Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: thehun on November 13, 2013, 09:45:52 AM 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! Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lg15x on November 13, 2013, 10:36:21 AM 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on November 13, 2013, 11:10:31 AM Quote Is there a space between "Kenilworth" and "Exploration"? Your account name is "Kenilworth Exploration" or "KenilworthExploration" ? Transfer your shares to the Kenilworth Exploration account on Bitfunder. Account name is: Code: Kenilworth Exploration Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lg15x on November 13, 2013, 12:52:28 PM Quote Is there a space between "Kenilworth" and "Exploration"? Your account name is "Kenilworth Exploration" or "KenilworthExploration" ? Transfer your shares to the Kenilworth Exploration account on Bitfunder. Account name is: Code: Kenilworth Exploration Thank you for your answer. I've transfered shares to you on bitfunder and submitted the form. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on November 13, 2013, 11:26:21 PM Form filled, shares moved,Transfer complete.
Thanks Prendergast123 see you on havelock (good choice, btw) Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Atompeace on November 14, 2013, 10:09:12 AM can sb. please confirm this? Is this leggit and really working? I don't trust that strange subsubdomain.
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on November 14, 2013, 11:54:35 AM 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on November 14, 2013, 10:04:41 PM can sb. please confirm this? Is this leggit and really working? I don't trust that strange subsubdomain. the link is safe, it works fine, transfer went smoothly. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lg15x on November 15, 2013, 04:19:29 AM can sb. please confirm this? Is this leggit and really working? I don't trust that strange subsubdomain. 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! Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: digit on November 17, 2013, 07:18:43 PM Completed the share transfer form and have transfered my shares to your account.
thanks Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: echopisces on November 18, 2013, 12:43:31 PM when the shares transfer to Havelock?
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: pascal257 on November 23, 2013, 11:57:21 AM Let's bump this up.
Any information on when the stock will be available on Havelock? Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: thehun on November 23, 2013, 11:58:05 AM +1
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: bigteeth on November 25, 2013, 10:56:35 AM Kenilworth BitFunder is transfering to Havelock kenilworth1.bizodo.com/f/Havelock (http://kenilworth1.bizodo.com/f/Havelock) Thank you for your patience Ican not log in ! and ,and ,can not sigh up... any one tell me what happen...thanks. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: mr7950 on November 25, 2013, 02:18:47 PM The link says your account is not currently active and is asking for a email address and password. ???
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on November 25, 2013, 10:14:48 PM 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: pascal257 on November 25, 2013, 11:37:05 PM Everything is moving along nicely. And what does that mean? When will the asset be listed on Havelock?Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: ar9 on November 26, 2013, 01:29:03 AM So what happened to my Kenilworth shares that are on Bitfunder?
I have set my public address, is that enough? Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: tinus42 on November 26, 2013, 01:33:17 AM Glad I sold all my shares of this way back. It's still not on Havelock.
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on November 26, 2013, 03:29:07 AM just get them onto havelock before mid december, please!
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lg15x on November 28, 2013, 02:00:27 PM 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. Good Job! Come on ! I also wait for your good news. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: KS on December 03, 2013, 06:16:13 PM Is there some sort of hold out for Havelock? What's the delay? Could we get an ETA, pretty please?
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: thehun on December 04, 2013, 11:59:43 AM Yes some sort of update would be highly appreciated
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: pascal257 on December 05, 2013, 04:51:47 PM It seems that Kenilworth appeared on Havelock: https://www.havelockinvestments.com/fund.php?symbol=KENXPL
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on December 05, 2013, 08:54:56 PM 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: supermono on December 11, 2013, 05:59:05 AM 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on December 14, 2013, 02:47:55 AM 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.
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: faizaa123 on December 15, 2013, 01:18:19 AM ugh.
mine is still not there. i didn't transfer my kenilworth because i had transfer issues so it stayedo n my bitfunder account. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: KS on December 17, 2013, 02:03:58 PM 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? Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: matthewh3 on December 20, 2013, 02:37:13 AM 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 ??? Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Yogafan00000 on December 20, 2013, 03:47:57 AM 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 Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lg15x on December 24, 2013, 03:37:57 AM So when can Kenilworth trade on Havelock?
When can we get the transferred shares on Havelock? We need to know the progress! Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lg15x on December 24, 2013, 03:09:05 PM I've got my shares on Havelock, but I don't know when it can trade.
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on January 06, 2014, 03:02:11 AM 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!
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: echopisces on January 11, 2014, 03:41:45 AM nothing update?
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: thehun on January 12, 2014, 12:35:31 AM Anyone tried to contact them through the website or telephone?
http://www.kenilworthexploration.com/#!contact/ce84 (http://www.kenilworthexploration.com/#!contact/ce84) Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on January 12, 2014, 01:21:04 AM 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lg15x on January 13, 2014, 02:20:40 AM 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? Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Prendergast123 on January 13, 2014, 01:08:05 PM 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on January 14, 2014, 01:39:07 AM good news. thank you.
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lg15x on January 22, 2014, 05:39:52 AM 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. Please be more active on forum. If you were missing for a month in forum, people are going to be panic. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: matthewh3 on January 27, 2014, 05:19:42 PM I still haven't received my shares on Havelock?
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: mr7950 on January 29, 2014, 02:38:11 AM Still have not received mine either.
:( Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Yogafan00000 on January 29, 2014, 02:02:33 PM Still have not received mine either. :( I still haven't received my shares on Havelock? 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... Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: OneBTCJay on February 02, 2014, 05:14:27 AM 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? Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on February 07, 2014, 07:04:17 AM 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... Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: matthewh3 on February 09, 2014, 09:33:51 PM 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?
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lg15x on February 17, 2014, 06:13:10 AM I've got shares on HL for 2 months. I saw Rental Starter has issued their shares on HL. Hope they issue Kenilworth soon.
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: mr7950 on February 17, 2014, 05:06:06 PM Still no news? I hope everything is going well with getting the shares listed on havelock. :-\
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Yogafan00000 on February 19, 2014, 10:42:00 PM Quote from: via email Dear Shareholders, Thank you for your investment in Kenilworth Exploration. This e-mail is to confirm that we have received your information regarding your transfer of shares from the BitFunder Exchange onto the Havelock Exchange. We have been working closely with the Havelock team since December 2013. However, despite this constant communication with the Havelock management team, we are still not sure of a possible launch date for Kenilworth on the Havelock website. This is due 100% to operational issues within Havelock and are independent of Kenilworth. As a result of this issue and continued delays, Kenilworth management, wish to keep you informed that while we are continuing to work with Havelock with supplying what ever information is required to establish Kenilworth Exploration on the Havelock Exchange (KENXPL). We have also started to initiate an additional "Plan B" - where each account will be held on an Independent Kenilworth Server where dividends will be payed directly to each account holder. We want each shareholder to be assured that each of their shares in Kenilworth Exploration is well documented and all their information is accounted for and secure. We apologizes for this delay but we are working with Havelock to the best of our ability and hope to have good news to announce soon regarding continued advances in the Kenilworth Exploration Project. Thank you for your patience and continued support in Kenilworth. Kindest regards, Patrick T. Prendergast Kindest regards, Kenilworth team 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Branny on February 20, 2014, 03:06:51 AM Quote from: via email Dear Shareholders, Thank you for your investment in Kenilworth Exploration. This e-mail is to confirm that we have received your information regarding your transfer of shares from the BitFunder Exchange onto the Havelock Exchange. We have been working closely with the Havelock team since December 2013. However, despite this constant communication with the Havelock management team, we are still not sure of a possible launch date for Kenilworth on the Havelock website. This is due 100% to operational issues within Havelock and are independent of Kenilworth. As a result of this issue and continued delays, Kenilworth management, wish to keep you informed that while we are continuing to work with Havelock with supplying what ever information is required to establish Kenilworth Exploration on the Havelock Exchange (KENXPL). We have also started to initiate an additional "Plan B" - where each account will be held on an Independent Kenilworth Server where dividends will be payed directly to each account holder. We want each shareholder to be assured that each of their shares in Kenilworth Exploration is well documented and all their information is accounted for and secure. We apologizes for this delay but we are working with Havelock to the best of our ability and hope to have good news to announce soon regarding continued advances in the Kenilworth Exploration Project. Thank you for your patience and continued support in Kenilworth. Kindest regards, Patrick T. Prendergast Kindest regards, Kenilworth team 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: thatbluedude on February 20, 2014, 09:57:10 AM 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'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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: mr7950 on February 21, 2014, 05:05:04 PM 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'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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: lenny_ on February 26, 2014, 01:31:48 PM Any updates to Kenilworth? When they will relaunch on Havelock or somewhere else?
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on February 28, 2014, 07:51:34 AM 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 (?) Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Branny on February 28, 2014, 04:02:45 PM 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). Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: KS on March 01, 2014, 12:09:19 PM Waiting for my shares to be transferred to Havelock since 20 Nov. 2013.
No hurry ::) Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: echopisces on March 05, 2014, 01:20:28 AM Waiting for my shares to be transferred to Havelock since 20 Nov. 2013. No hurry ::) hurry up Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: freedomno1 on March 05, 2014, 09:43:52 AM I guess I'm curious havelock if your around can you tell them what the situation is
(Aka the user) Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: KS on March 05, 2014, 11:29:44 AM 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.
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: havelock on March 06, 2014, 06:43:29 PM Hello,
We can't really comment on any ongoing applications currently with us. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: freedomno1 on March 06, 2014, 08:33:03 PM 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 Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: arctos on March 31, 2014, 07:45:51 PM Zero Communications
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: thehun on March 31, 2014, 08:37:12 PM Well it seems like Prendergast123 has been logging on to his account recently, but he never bothered to comment on the matter.
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on April 02, 2014, 06:49:59 PM this sucks.
say SOMETHING! anything... Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: KS on April 03, 2014, 05:30:34 PM Amazing company!
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on April 03, 2014, 10:03:28 PM 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: KS on April 04, 2014, 11:39:59 AM Hmm, never got my shares on Havelock... :'(
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: tinus42 on April 05, 2014, 01:38:56 PM Kids, don't buy Bitcoin "shares".
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: freedomno1 on April 11, 2014, 06:54:46 PM 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. Think it has to do with havelock changes interpreting this https://bitcointalk.org/index.php?topic=565415.msg6173037#msg6173037 Replacement for NEOBEE[Q] and COG? I agree. For the record. Havelock Investments never offered NEOBEE or COG. NEOBEE was a pass-through Fund. COG was listed elsewhere and their shareholders requested to be listed on our exchange. We no longer offer pass-thorough Funds unless the direct shares are managed directly by us as we do with the ASICMiner Fund. Cheers! Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on April 11, 2014, 08:10:08 PM 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! Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on April 24, 2014, 02:04:08 AM 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! Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: KS on April 28, 2014, 09:50:31 AM Placed your complaint?
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on April 28, 2014, 09:06:33 PM 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: theMiracle on April 28, 2014, 09:22:57 PM ... 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. ... 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on April 28, 2014, 09:48:25 PM ... 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. ... 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: theMiracle on April 28, 2014, 10:01:16 PM ^With all the obvious scams you've "invested" in, you have the balls to lecture people about repercussions? Amazing.
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on April 29, 2014, 01:00:22 AM so whats your excuse?
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: sporket on April 29, 2014, 01:32:31 AM 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Ozymandias2 on April 29, 2014, 01:42:40 AM 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 :-*! Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: sporket on April 29, 2014, 02:14:21 AM 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?! Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: theMiracle on April 29, 2014, 02:15:39 AM Wait, what?
Three... Two... One... Three quarters... One half? Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on April 29, 2014, 09:51:25 AM Yeah, OK
Whatevah Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: KS on April 30, 2014, 05:22:08 PM 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. 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 Do you need to be an Oz resident to file a complaint? Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on April 30, 2014, 07:14:52 PM 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: echopisces on May 13, 2014, 02:33:30 AM watching
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: drawingthesun on May 13, 2014, 02:57:14 AM There's absolutely no evidence of any investigation beyond Slaughter's own claim. Not sure how you arrived at this conclusion. We know for certain that the MSD is gathering evidence for an investigation. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: NotLambchop on May 13, 2014, 03:17:05 AM There's absolutely no evidence of any investigation beyond Slaughter's own claim. 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: drawingthesun on May 13, 2014, 03:43:39 AM There's absolutely no evidence of any investigation beyond Slaughter's own claim. 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: Findus on May 29, 2014, 07:51:43 AM Why was there a forced buyback on May 21st on Havelock? Did I miss something?
Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on May 29, 2014, 10:21:26 AM 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 Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: theMiracle on May 29, 2014, 12:33:32 PM At least the remaining 125% of your holdings are doing well :)
... i'm still like this; 30% actM 60%AM 35% labcoin 5% wildcards (kenilworth petamines etc.) i got a good feelin! Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: fluffypony on May 29, 2014, 12:53:13 PM 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 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: gogxmagog on May 29, 2014, 09:48:22 PM 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 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. 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. Title: Re: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins Post by: 101111 on August 17, 2014, 05:37:51 AM 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.
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