[BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins

[gogxmagog]

we're waiting!

[thehun]

we're waiting!

+1

[lg15x]

can we transfer shares to another exchange platform?

[KS]

nope

[trepex]

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 (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:

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:

../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

[KS]

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.

[trepex]

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

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!

[trepex]

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

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

[KS]

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).

[trepex]

...
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!

[trepex]

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

[KS]

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

[trepex]

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

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

[KS]

news of a new exchange?

[xaviarlol]

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

[gogxmagog]

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.

[Prendergast123]

Kenilworth BitFunder is transfering to Havelock

kenilworth1.bizodo.com/f/Havelock

Thank you for your patience

[ar9]

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

[trepex]

Kenilworth BitFunder is transfering to Havelock

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!

[lg15x]

Kenilworth BitFunder is transfering to Havelock

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" ?