Quote from: eltonjock on July 03, 2013, 04:38:40 AM

Quote from: 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.

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.

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 arent disclosed publicly so theres 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.