Dimension Resources Share Discussion Threads

[dusseldorf] 12/6/2009 16:05

FLC - that would be cutting it too fine for my liking (because of the delist after 1 month of no Nomad on 30th June). Not much point coinciding the two as the full year has nothing to do with what's going on now, so hoping earlier.

If we have nothing by the end of next week I'll contact Brian again for a timescales update.

[flc] 12/6/2009 15:41

Duss - do you reckon that any announcement will coincide with Finals this month?

[flojo] 10/6/2009 11:59

Duss your a very patiant person,you give me confidence.

[dusseldorf] 10/6/2009 11:45

morning Flojo - I have no need to contact Brian again as I think we already know as much as possible without being insiders. Should we get a little too close to 29/06 for comfort (i.e. 30 days since nomad resigned and the day we would have to de-list) then I will contact him again.

Believe me, no-one is as optimistic about current prospects as I am, but 5 years of waiting with no positive news means a few more days is nothing for me...

Brian is a professional, but a busy one, and as such these things take longer than we would like..

[flojo] 10/6/2009 10:28

Here again ,morning Duss heard anything anyone?

[flojo] 09/6/2009 08:46

Morning all,anything today pepes? would be nice.

[dusseldorf] 08/6/2009 13:10

Flojo - you've not missed much apart from the update I gave. There is an outside chance that the placing will be above market price (i've heard nothing relating to placing price so only speculation) - I think we all may be suprised by the amount of cash being raised i.e. more than tabled. I think the intention is not only to raise the £200k, but also enough to bring some of the PR's to fruition.

My understanding is that Brian is meeting two of the Nomads today, so outside possibility we may be relisted tomorrow/this week, though perhaps the suspension is part of the wider issue on fund raising and will last a while longer.

[flojo] 08/6/2009 08:13

Cheers orvil,still hungover from wine and beer !!!

[orvil] 08/6/2009 08:04

Flojo-read the Duss reports above-you will find B Moritz is meeting with potential nomads today.

[flojo] 08/6/2009 07:57

Morning all,just got back from Portugal, Hello Duss ,any news to report or have we lost the lot?Anyway good to be back.

[dusseldorf] 04/6/2009 19:50

Updated slightly as he's actually looking at new Nomad, not broker as I'd previously written.

FLC - Agree, is excellent news. Dimension will not go for a reverse acquisition at this point due to associated cost and complexity of new admission document (change of business nature etc..). This means the likelyhood is that DMR will acquire stakes in various companies until such point that DMR the entity is much larger than those investments and they can be considered simply as acquisitions and not reverses - if that makes sense.

[flc] 04/6/2009 19:33

Excellent Duss, excellent.

[dusseldorf] 04/6/2009 18:17

Good news - had contact from Brian Moritz. He confirms our understanding that suspension is a technicality. He's actively pursuing a new nomad as original (hence confidence in RNS) couldn't meet desired timescales -he's reviewing three potentials. He's also been out of the country since 24th May, so things haven't happend as fast as intended.

The deal as stated in the RNS is still on. He also confirmed my guidance from previous discussions that the intention for DMR is to become an investment vehicle and this is 'the first in a number of investments' - his words highlighted, not mine.

More encouraging news perhaps is that raising the funds, or indeed more, as forcasts have indicated, should not be problem.

A broker (not a Nomad) is already working on a share placing (doing the rounds I presume), so perhaps, news has already filtered out regarding placing price - or maybe speculation at this point.

All in all, encouraging response and the wheels are still moving - we may get an update next week re: Nomad - though he did not indicate an update would be forthcoming.

[flc] 04/6/2009 08:56

Mining and natural resource shares seem to be flying at the moment so timing couldn't be better.

[flc] 03/6/2009 16:41

Thanks Duss

[dusseldorf] 03/6/2009 15:06

Spoke to BM briefly, I caught him on his way home from heathrow airport in car park...he said he'd call tomorrow when he'd have more information.

[dusseldorf] 01/6/2009 13:23

FLC - It depends on the kind of finance being sourced. If it is only the £200k then I expect us to be back in days, if they're looking to raise substantially more (£2m - £5m), I'd suggest weeks as they do the rounds with presentations etc... regardless, we need a Nomad to be appointed from within one month of Fridays announcement to maintain our AIM listing. Also we need everything agreed at an EGM, unless progress is extremely slow in which case the August AGM would suffice..

[flc] 01/6/2009 13:10

Don't think he plays golf.

Thoughts on timescales for suspension?

[dusseldorf] 01/6/2009 11:40

I gave Brian a call just now, he's out of the country until Wednesday (at least, he said he would call me back on Wednesday) - I think he said he was in Johanessburg or Singapore - not sure I heard him right but either he was in a golf ball(!) or a gold forum - my money is on the latter...sounded like I interuppted something

Shame I can't remember exactly where he was or what he was doing, perhaps it's this if it was joberg...

[groats118] 29/5/2009 11:45

I agree Duss, let's hope there is some truth in what moreups said.

PS. FLOJO your late !!!!

[dusseldorf] 29/5/2009 11:17

Morning Flojo- well for what it's worth, perhaps the rumour by moreupsthandowns yesterday about a placing at 1p+ could have some truth in it.

If I were arranging new finance and it was taking longer than expected, I wouldn't want the market i.e. us here, to start selling if the expected date is passed, affecting the price unecessarily. Perhaps the suspension is all part of the plan to prevent trading based swings in advance of placement.

DMR has been suspended before for different reasons, I'm confident that there is nothing to worry about here as it's taken far to long to get this far to fall at the first....

[flojo] 29/5/2009 10:38

Morning all,just got in to work,whats the concencus here ?

[mister md] 29/5/2009 09:04

had similar situation with SovGem (SOV) this month, suspended, then came back 2 weeks later with 100% gain in shareprice... hope to see the same here

[groats118] 29/5/2009 08:05

I agree Duss, nothing to really worry about imo, sometimes this can be a good thing. Sometimes!

[dusseldorf] 29/5/2009 07:11

Not the news we were expecting, but this is simply a technicality - IMO. Rule 1 relates to the fact that the company must at all times continue to have a noiminated advisor, clearly as Thornton were sacked, the new co. in process of appointment the share has to be suspended until complete. Perhaps this action is part of the wider reverse and prices being determined..