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DMR Dimension Res.S

0.40
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dimension Res.S LSE:DMR London Ordinary Share BMG276151062 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.40 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Dimension Resources Share Discussion Threads

Showing 7601 to 7624 of 7900 messages
Chat Pages: 316  315  314  313  312  311  310  309  308  307  306  305  Older
DateSubjectAuthorDiscuss
03/12/2009
21:48
plenty to speculate on on the web - seems to be quite a push for Iron ore in south africa..lets hope we can catch a big fish. Not suggesting any link-up for us, but shows that heavy weights are looking to SA for feedstock, and we could get a smaller scale project...

Tata Steel reported, "We have a selection of South African iron ore mines to enter a joint venture with the promoter. This project is under evaluation." 19 Sept 09



"Tata Steel Limited (Mumbai, India), the world's sixth-largest steel producing company, will begin production at the 2 million-ton-per-year Sedibeng mine in South Africa by 2010. According to Industrial Info Resources (Sugar Land, TX), Tata Steel holds a controlling stake in the iron ore mine and also operates a fabricated steel unit in the economically distressed area. The output of the mine will be shared with a few unnamed partners of Tata Steel, and the ore will be exported to Corus (London, United Kingdom), Tata Steel's European subsidiary. The Sedibeng mine has been estimated to contain iron ore reserves of about 50 million tons." - 03 December 2009





Won't be until end March that there will be finalisation of DMR's deal (likely some form of tie up to link in with a feedstock consumer - probably on smaller scale than would be required by above example, but maybe something once re-listed that DMR can aim for), long time to wait on speculation if we are re-listed mid-Jan...wonder how many will jump ship before a project is revealed....would be a shame after all this time(!) I'm certainly holding until I know what's what with the next deal.....

dusseldorf
01/12/2009
13:58
If the deal comes off the timing should be good given that iron ore prices are set to rise again next year.
flc
01/12/2009
10:26
Looks like Iron ore deal is imminent guys, hopefully back on markets soon.
groats118
01/12/2009
10:25
Hello Duss,found DMR site again here.
flojo
30/11/2009
15:35
Cheers Duss
flc
30/11/2009
14:35
Assuming all the ducks line up, Brian is targetting a mid-January listing on Plus (I had e-mail confirmation today he is progressing things and that is the intention), so looks like pre-Christmas a little optimistic. Nonetheless 6 - 7 weeks is not too long to wait....
dusseldorf
26/11/2009
11:02
FLC - (complete guess, but seems feasible) - If requests to Brian by this Friday (27th), decsion on allotment during next week. Funds received by company by say 11th December. Application to Plus Monday 14th or thereabouts, listed on Plus by Christmas eve?


There is nothing to stop DMR listing on Plus IMO:
Admission Criteria

Companies seeking a quotation on PLUS-quoted need to meet our admission criteria, which are as follows:


- Appoint and retain a Corporate Adviser;
- Demonstrate appropriate levels of corporate governance, which in practice means that a company should have at least one independent non-executive director;
- Have published audited report and accounts no more than nine months prior to the date of admission to trading;
- Demonstrate adequate working capital;
- Impose no restrictions on the transferability of shares; and
- Issue shares that are eligible for electronic settlement.

dusseldorf
26/11/2009
10:30
Duss - what do you think timescales will be for listing on Plus?
flc
26/11/2009
09:33
weighed up the pros and cons and I believe participation carries low risk with a high potential return.

DMR can use up tax losses given the business area (mining minerals in south africa) is the same, this could be worth £1 - 2m (or more) to any project which would need reflecting in any fundraising structure.

The funds IMO have already been underwritten and this opportunity is being provided in interests of fairness. IMO should deal go ahead it will be a major step forward after 6+ years and would be the best point to invest. The idea to re-list on AIM is also interesting, the prestige and valuation potential must be infuencing factors.

The dilution is necessary to raise funds to progress and project and list on plus.

Should the deal not go ahead (which given past record is still a highly likely outcome), IMO we will still be trading on Plus markets which is at least one step forward. The company has no debt, and £18m+ in accumulate tax losses..

dusseldorf
22/11/2009
17:45
Taken from Natwest Stockbrokers


Dimensions Resources Limited is to seek a new business and is currently in discussions with the owner of an iron ore project situated in South Africa with a view to acquiring that project, raising fund to develop it and re-listing Dimension`s shares on AIM.

As such, the Company intends to raise up to GBP150,000 by an issue of new Ordinary shares Shareholders are therefore invited to subscribe for any number of shares in Dimensions Resources Limited at a price of 0.1p per share.

On completion of fund raising the Director intend to apply to have the Ordinary shares admitted to trading on PLUS Markets, to provide a trading facility for shareholders.

As Dimension Resources Limited shares are not listed on any stock exchange, the Director has stressed that the transaction is in the discussion stage and there is no guarantee that an agreement will be reached, or that the transaction will be completed, or that the short term goal of admission to PLUS markets will be achieved.......you could be buying shares in a company that may not relist!!!!!

fenseal3
22/11/2009
17:31
cheers orvil...think will just take a portion...most of aim is a risk but gut reaction is we will probably be higher on relist if deal goes ahead.
comedy
21/11/2009
19:12
will be a good idea if the deal goes ahead ... any substatial placement in relation to the deal will likely be in the region of 0.25 - 0.5p/share. If the deal does not go ahead, you may be able to pick up at 0.1p in market anyway, with less 'risk'
orvil
20/11/2009
19:50
guys just got notice from tdw..anyone have any info re:good idea to take up some more shares at 0.1p???? thanks in advance ps know up to me but at moment have no info so very hard to judge way forward...thanks to anyone kind enough to respond.
comedy
15/11/2009
13:51
Small update. DMR looking to raise £150,000 at 0.1p within next month or so. Significant shareholders are able to participate by contacting Brian directly prior to 27th.

Brian and some new external will participate. After fundraising complete will list on plus. In discussion with a prospect deal tabled to complete 1st quarter 2010 (no certainties obviously) should deal conclude DMR would also obtain an AIM listing.

dusseldorf
05/11/2009
11:58
albee3 - I think you need the guys at minemouth to sort out the password reminder feature - it's broken and prevents people returning who have registered. Regardless I submitted a dummy user to access the article, thanks. Not sure it adds more (bar optimism) to what we already know, but glad I'm not the only one who's turned up to a DMR AGM and been the sole shareholder representative(!)
dusseldorf
05/11/2009
11:02
Interesting update on minemouth.com
albee3
29/10/2009
07:30
Thanks for the update DUSS-It is very positive that the share is to be re-listed and much better on Plus than Bermuda. It proves the serious intent to use DMR as an invetment vehicle in some form.
orvil
28/10/2009
21:51
Update received via FLC - Plan is in action to relist DMR on Plus markets - potentially before year end. To do so will require raising a 'small' amount of cash at 'par' (how much this is I have no idea - perhaps £50k - £250k, which is ORD 0.1p/share. Discussions are underway relating to a JV project, again early days so don't get hopes up - but if goes well would be within Q1 2010. No more than that...
dusseldorf
28/10/2009
09:49
dartboard - secret squirrels - care to enlighten us on your comment?
dusseldorf
27/10/2009
23:24
when the falcon was woken she flew high{dmr}
dartboard
05/10/2009
14:25
DMR AGM is 3rd November - 36 Dover street London W1S 4NH. Resolutions include re-electing Brian Moritz, Jonathan Moorley -Kirk, To receive and adopt Directors and auditors opinion on accounts. To re-appoint Maxwell & Co as auditors.

Special notice for Bye-law 51(2)(c) - to allot all of the unissued sharecapital for cash/non-cash consideration

I'll be voting for all resolutions.

The company (assuming the above resolutions pass) will be able to issue up to 5bln shares or 20x current issued capital, at any price in excess of 0.1p/share (the ORD) assuming no share re-structure.

The accounts are in the post and should be with you or via nominee in the next week or so.

A recent prospect discussion was terminated on professional advice. The priority at the moment is to re-list - 'probably' Plus OR 'possibly' Bermuda. Until the decision on where to re-list is made, the website will not be updated.

The accounts show about 58% of equity held by 6 groups. The directors report contains no revelations though hints that Dimension is now free of time pressures and has very low costs - the outstanding balance sheet value of Natural Stone Indistries of £93k has been written down to £0. At year end the company had £59k cash - though now I suspect not much remains. There will be a small fundraising off market. Interims will not be released until the company is re-listed.

dusseldorf
18/9/2009
14:21
Thanks for the update duss.
sim5198
17/9/2009
21:26
FLC has contacted Brian Moritz who on Tuesday confirmed that the accounts have now been signed off, reason for delay being he was out of the country.

In Brians words from a previous mail, finalising the creditors (which actually involved help from ex-Director Geoff Hoodless) and signing the clean audited accounts allows Dimension to:

"move away from previous pressures and able to examine projects on a reasonable basis"

I expect the website to be updated over the coming weeks as Brian appears to be willing to take FLC's offer for support in doing so.

I still have confidence that Dimension will progress, lets hope something progresses this side of Christmas

dusseldorf
07/9/2009
09:52
maxbubble - I think the fact Brian is financing all company expenses himself for the next 12 months indicates he realises a mistake was made. I don't think he needs to apologise as essentially DMR the shell has always been about his ability to get in a new project and would have gone to the wall years ago had he not positioned the company correctly (as a 'working' shell) - or found new money from private investors a couple of years ago.

I think he is open to when and where we re-list but doing so before a new project is injected would not be a good idea. There is an outside chance of something progressing in the next month or so.

Brian communicated to me around 20th August, that he planed to get results audited within 'a couple of weeks time' and would then look into getting the website updated asap. He said there would be a statement on what happened after that re:the listing, though it would not go into any detail.

FLC has also been in touch independently and is reasonably optimistic after speaking to Brian. FLC also offered services to update the website as I think Brian has lost touch/knowledge with those who previously updated it.

dusseldorf
Chat Pages: 316  315  314  313  312  311  310  309  308  307  306  305  Older

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