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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dimension Res.S | DMR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.40 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.40 | 0.40 |
| Top Posts |
|---|
Posted at 07/8/2013 07:15 by dusseldorf sim5198 - I'm currently awaiting the outcome of effectively the last throw of the dice. there is a meeting in London mid-august between a geologist and the company brokers on some 'better' licenses in Ivory Coast via Geb & Nut. I assume the Geologist is going to convey the quality of licenses, commercial viability of resources/cost estimates etc.. of drilling for Jorc complianceHowever, Brian stated that the funds that were available for float had to be returned to investors on their request and effectively DMR is a cash shell with no cash. Brian is not in attendance at the meeting as he will be in Hong Kong, but said fundraising for gold exploration is virtually impossible due to lack of interest and the recent suppression of gold price. Dependent on the outcome of the meeting, there could be life in the old dog yet, but even Brian said realistically he does not expect anything positive to result and the likelihood is that he may have to wind up Dimension. I'll update as soon as I have something concrete |
Posted at 22/1/2013 17:10 by dusseldorf Brief update - DMR still waiting for the physical documentation for the above named permits.... so until they are sat physically with the ltd we cannot pursue a re-list timetable. Once in hand nomad/broker (Shore Capital) will pursue the AIM relist. So at present we are at least 6 weeks away from re-list at a guess. |
Posted at 20/12/2012 12:45 by dusseldorf NEWS! I have a Christmas present for all via Brian (you can unwrap early!)DMR is operating via Geb and Nut resources in Cote D'ivoire see below update from 19th December ministry meeting Roughly translated means we have 2 Exploration permits approved!. So hopefully in the new year all systems go. I believe a 3rd may be in the pipeline too, but I would assume this is enough to get the city interested.... |
Posted at 20/9/2012 18:41 by flc Hi DussThanks for the update. Hope all is well. There's still a glimmer of hope here otherwise DMR would have disappeared long ago. Seems like a long time since we were discussing the opportunities of Bowenite and nano-technology! Whatever happened to the natural resources which at one time appeared so valuable? |
Posted at 20/9/2012 14:55 by fenseal3 Hi Duss, even a labour of love has it's limits...he may throw the towel in before too long...any hint of a come back will be amazing, the past three years i have had no less than five companies delist and have never come back, what makes DMR so different...my loss so far is 25k on all five, if DMR do come back i will greet them with open arms...untill then it's just another company that has delisted and my money has gone...fingers crossed!!! |
Posted at 20/9/2012 14:41 by dusseldorf fenseal3 - I think DMR is a labour of love, he also has circa £40 - 75k of funds/fees he's loaned to DMR which will wrap into any floatation.Co-incidentally I got an update today 20/09/12: Sorry I missed this, I was in South Africa The process is still grinding forward. The Deputy Minister of Mines came onto our last conference call to promise that the licences would be issued within a few weeks. Our technical director, is visiting Abidjan next week to confirm the coordinates etc for the licences in compliance with the new law. As soon as the licences are in our hands we will re-establish the timetable. We are in frequent contact with the brokers. I am afraid the gold price may have gone up but the IPO market still remains very difficult. But the important thing is to get back onto the market Regards Brian I guess the inferrance is that we may get less than the original price per share, but getting to market is the key objective |
Posted at 20/9/2012 14:12 by fenseal3 Interesting that Brian is a director of FRX who are based in Tongo....and DMR may have a deal in the Ivory Coast both in west Africa and a stone's throw away from each other...Brian holds 13m shares in FRX @ 2p todays price, hope he still thinks bringing DMR back to market is a good idea, or will he think...too much work to do think i'll give it a miss, after all having £260k invested in FRX you would think why bother with DMR...or because it's a stone's throw away he may push this as much as he can....thoughts welcome!! |
Posted at 23/8/2012 16:56 by orvil probably posted before but might still be the planDimension Resources Ltd (DMR) is currently an unlisted, Bermudan regsitered cash shell. DMR has a view to AIM floatation as a Gold prospector in March 2012 and heads of terms have already been agreed. DMR (historically stone mining company) was removed from market over two years ago due to a technicality whilst pursuing a Congalise Diamond prospect - that being no Nomad would agree to work with a company operating in the DRC and as such DMR was left without a Nomad. Following several failed reversal attempts including a Palm oil plantation in the Solomon Islands, Diamond mining in South Africa and Diamond mining in the Congo, DMR is now finally close to a deal. CEO Brian Moritz has signed heads of terms with an organisation 'Gewiss' that owns exploration permits within a key Gold belt in the Ivory Coast. The deal would see Dimension reverse aquire the BVI registered holding company and raise funds in the region of £3m prior to relist giving the listed organisation a market cap in the region of £10m. DMR would subsequently target the discovery, verification (JORC compliance) and sale of gold blocks in the region of 1m oz ($1.7bn commercial value) and package it for resale. The only current stumbling block is the ratification of the mining licenses following the dramatic change in government in the region last year. DMR Directors (likely through a local contact in the Ivory Coast) are in touch with the Ivorian Minister for Mining and President and are confident of validation of permits in the short-term. |
Posted at 06/4/2012 12:23 by dusseldorf Worth repeating what was stated last year by FLC from the results:Advisors now appointed for AIM flotation and to raise £3m Project comprises M'bengue, Kouto and Boundiali in Cote d'Ivoire Object of DMR's exploration activity to identify gold deposits of at least 1m oz Company has £180k cash duss - I assume this is less now(!) and re On 20/11/10 MOA signed with Gewiss Ltd (BM 10% shareholder) Shareholders in Gewiss will exchange their shares in Gewiss for shares in DMR at a price of GBP 0.0015 on the basis that DMR will be valued at £10m Share consolidation on the basis of one New OS of 4p for every 40 existingthis subsequently happened |
Posted at 30/3/2012 13:47 by dusseldorf I have an update - further delay. Wheels are still in motion but the delay is still with licenses, which are still imminent.Messages from Ivory Coast are that the issue of licenses is 'imminent'..though it has been for some time. Previous assertions over licenses 'in the post' were false based on optimistic communication from Ivory Coast. No licenses have been issued since the regime change last year (so we have not missed the boat, or lost any allocated license), just that the offical issue needed for fundraisings / legalities etc.. has not been done. All gold producers e.g. Randgold and Newmont in Ivory coast are affected by this. Though the governments stated objective is to increase gold output and revenues for the country, so you may ask why the delay... We are not big enough to make news, but licenses when issued would be issued at the same time. The added complication is that the Ivory Coast government is finalising a deal to cancel alot of its debt in negotiations with the EU. The EU want to look at everything as part of the deal and one of the suggestions is that the exploration permits issued by the Ivory Coast are too big (max is currently 1000sq km). DMR currently (via Gewiss) has two permits just under 1000 km sq. The EU is suggesting that permits should be limited to 500sq km each. The Ivory coast government does not necessarily want to upset the deal with the EU so may agree to the concession as part of negotiations. The company has already made appropriate provisions so are ready to move immediately regardless of decision. The wait is still on I'm afraid, but BM has a conference call with Shore Capital (our broker/nomad) every week on a Thursday hence his delay last time suggesting I wait until after the call. A representative I believe from Shore Capital has also visited Ivory Coast and are happy we are in 'pole position' for licenses. They are behind the company 100% at present. Licenses could literally be issued any day, when they are DMR team need two clear weeks to prep marketing, then fund raising and listing. So in my view we still remain a 'rolling' 5 weeks away from relist until licenses are released. The Minister for mines suggested people would be able to make it to market for funds by end May, but timing remains uncertain until licenses are out. |
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