[BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins - page 13.

tinus42

hero member

Activity: 784

Merit: 501

Quote from: TadpolesIsAWinner on June 08, 2013, 03:46:24 PM

Quote from: tinus42 on June 08, 2013, 11:20:06 AM

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. Grin

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

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

TadpolesIsAWinner

jr. member

Activity: 55

Merit: 12

Quote from: tinus42 on June 08, 2013, 11:20:06 AM

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. Grin

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

TadpolesIsAWinner

jr. member

Activity: 55

Merit: 12

Quote from: tinus42 on June 08, 2013, 05:07:46 AM

Quote from: Prendergast123 on June 07, 2013, 08:58:16 PM

Quote from: hak8or on June 07, 2013, 08:31:07 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. Wink

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

pneumatic5

full member

Activity: 238

Merit: 100

★Bitvest.io★ Play Plinko or Invest!

Quote from: tinus42 on June 08, 2013, 11:20:06 AM

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. Grin

You sir, are hillarious.

hak8or

full member

Activity: 172

Merit: 100

Quote from: tinus42 on June 08, 2013, 05:07:46 AM

Quote from: Prendergast123 on June 07, 2013, 08:58:16 PM

Quote from: hak8or on June 07, 2013, 08:31:07 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. Wink

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.

tinus42

hero member

Activity: 784

Merit: 501

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. Grin

joele

legendary

Activity: 1022

Merit: 1000

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

MrMochi

newbie

Activity: 49

Merit: 0

Quote from: 101111 on June 08, 2013, 12:59:24 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.

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.

jim667

newbie

Activity: 37

Merit: 0

Quote from: 101111 on June 08, 2013, 12:59:24 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.

tinus42

hero member

Activity: 784

Merit: 501

Quote from: Prendergast123 on June 07, 2013, 08:58:16 PM

Quote from: hak8or on June 07, 2013, 08:31:07 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. Wink

101111

hero member

Activity: 525

Merit: 500

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.

hak8or

full member

Activity: 172

Merit: 100

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.

101111

hero member

Activity: 525

Merit: 500

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

what's not to like.

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

Prendergast123

member

Activity: 70

Merit: 10

Quote from: hak8or on June 07, 2013, 08:31:07 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.

hak8or

full member

Activity: 172

Merit: 100

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/

ChefBorjan

full member

Activity: 148

Merit: 100

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.

Prendergast123

member

Activity: 70

Merit: 10

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

ChronoX5

member

Activity: 72

Merit: 10

Quote from: Prendergast123 on June 03, 2013, 07:22:34 PM

Quote from: ChronoX5 on June 03, 2013, 02:56:03 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?

- 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.

nebulus

hero member

Activity: 490

Merit: 500

... it only gets better...

Quote from: Prendergast123 on June 05, 2013, 07:50:20 PM

- 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 if you haven't that's pretty visible.

Prendergast123

member

Activity: 70

Merit: 10

Quote from: Deprived on June 04, 2013, 08:40:25 AM

Quote from: ffcitatos on June 04, 2013, 08:35:12 AM

Quote from: Deprived on June 04, 2013, 05:28:16 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...

Topic: [BitFunder] - KENILWORTH - Real World Mining Opportunity with Bitcoins - page 13. (Read 54781 times)