Quote from: Prendergast123 on June 04, 2013, 12:22:34 AM

Quote from: 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?

Quote from: 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.

Quote from: 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.

- 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.