Dimension Resources Share Discussion Threads

[orvil] 21/8/2010 17:45

Bedsidemanner-Interesting see the Duss post 7521-this is all part of the re listing and tidying up the company so that it can have a reverse takeover. It should re-list soon after 14 Sept. You would only increase the no of Directors if you had a plan?

[bedsidemanner] 21/8/2010 16:54

Hi

received today from the Registar

Special general meeting 36 Dover Street London W1S 4NH 13th September 2010 @ 10:00 am.

Agenda - shortend for typing here !!

1. To appoint chairperson for meeting

2. To confirm notice

3. Reduction of the share premium

That the share premium account of the company be reduced with effect from 14th Sept 2010 from £12,023,313 to £NIL

4. Reduction issued share capital

That the issued share capital of the company be reduced with effect 14th Sept 2010 from £6,868,143 to £266,186 by the cancellation of 104,042,498 deferred A shares of a par value 0.9p and 62,950,831 deferred shares of a par value 9p

5. Amendment to Bye laws

6. Increase in max Directors from 3 to 8

[orvil] 21/8/2010 11:10

Bedsidemanner-where did you hear of this meeting-the company is curently not listed and there is nothing on the website-are you sure it is the same company?

[bedsidemanner] 21/8/2010 10:00

Any one kind enough to explain (in words of one syllable) the implications of the resolutions proposed for the special general meeting?

In anticpation - thank you.

[maxbubble] 04/8/2010 06:30

I think the above is a Genuine reason as I was putting some shares recently into Certificate form and was told that I couldnt do it with DMR. I'm sure the real delay is just waiting on markets for small shares to pick up, Brian as a former Nomad advisor knows all the procedures and timescales needed for listings.

[dusseldorf] 03/8/2010 22:32

I have enquired regarding the delay in progressing listing on plus given we are a) a clean shell, b) have funds c) have a prospectus d) have prospects in discussion

The response from Brian Moritz is below and in my view a genuine technicality slowing us down:
"The shares have to be admitted to Crest. As a Bermuda company we need to set up Depositary Interests as we cannot Crest the shares directly. We have had to change registrars to Equiniti for that purpose but the lead time is 8 weeks"

[chartsie] 29/7/2010 18:08

Get Real!!

You have shares in a dormant and worthless private limited company. If a profitable opportunity comes along, why would Moritz want to share it with you guys?

If the new opportunity requires funding then maybe you'll be asked to assist in the fundraising. But this would be a new opportunity requiring new funding and your position would be no more favourable than any institution or prospective punter who wasn't already holding shares. Your existing holding will be as diluted as the good-stuff in a homeopathic remedy.

Write it off.

Chartsie

[maxbubble] 23/7/2010 09:04

10 Years have now past - it sure can be said that Brian is not the fastest of operators or like so many other execs he just does not have the will to put the effort in without a flood of easy money planted on his doorstep.

[orvil] 14/7/2010 09:43

Duss I am aware that the costs associated with a re-list are extremely expensive if associated with a deal-maybe its the prudent option to re-list then introduce the deal.

[dusseldorf] 13/7/2010 21:30

Seems that Brian met with Plus Markets group last Friday Re:Dimension, and discussions were positive - Brian currently travelling again. Likelyhood is that we will list as a shell and pursue aquisitions after having a listed status - not a big bang - but perhaps that bodes better for speculation up to and including a reverse.

Jonathan Moreley-Kirk has also seen the latest draft of the prospectus for listing on Plus and seems happy.

Steady as she goes, but sounds like return to market is happening albeit much slower than any of us would like...I'll post if I hear anything more

[mister md] 05/7/2010 19:49

one month on...any update...? thanks

[dusseldorf] 04/6/2010 18:28

I guess no point in updating a website when there is nothing concrete to report. Brian also has a finder in SA I believe working on a no aquisition deal no fee basis, so deals should continue to become available. The £150k pledged is at 0.1p/share same as the open offer. Fingers crossed this will be the last requirement for a placing at that level.

Guess I may wait a few weeks before next contact, by which time I hope we will be on Plus or in process of moving on.

[mister md] 04/6/2010 09:00

Listing a 'gold' project seems to be nicely timed in this economic climate ;)

[flc] 04/6/2010 08:57

FLOJO - I keep offering to do it for him foc but he just won't take the bait!

[flojo] 04/6/2010 08:45

Duss ,cant Brian just update the current website which i have as one of my favourates.

[dusseldorf] 04/6/2010 07:45

No problem, hopefully once re-listed we'll have a website where information can be shared on a more visible basis(!)

For info, the prospects being considered are 2x Gold, 1x Iron ore and Manganese and 1x rare earth - all appear to be in various parts of Africa.

[flojo] 04/6/2010 07:04

Cheers Duss.

[dusseldorf] 03/6/2010 16:48

Flojo/FLC - after Flojos post I mailed Brian, who's on holiday in UAE but kindly replied. We have sufficient funds pledged (£150k+), a new nomad (as the last one recently lost status of being able to take co.s to Plus) and 4 potential prospects with the aim of shortly being listed on Plus. Brian is on draft version 4 of the proposed admission document. In my view the ducks are lined up and Im more positive than I have been for some time. The prospects may not proceed due to discussions etc, however listing appears to be on track. Days or weeks until relist hopefully. Brian also intends to convert funds he has commited to working capital thus far on plus listing.

[flc] 03/6/2010 08:26

Not a sausage

[flojo] 03/6/2010 07:14

Anyone heard anything-?-regards

[orvil] 19/5/2010 08:55

FLC-as this was the last RNS before cancellation of listing I would think that it is the Nomad appointment (nominated adviser)

Resignation of Nominated Adviser


TIDMDMR

RNS Number : 8158R
Dimension Resources Ld
06 May 2009

?
DIMENSION RESOURCES LIMITED
RESIGNATION OF NOMINATED ADVISER
Dimension Resources Limited ("Dimension" or "the Company") announces that it has
agreed with Grant Thornton UK LLP that Grant Thornton will step down as
Nominated Adviser with effect from 29 May 2009. Dimension is actively seeking a
new Nominated Adviser to replace Grant Thornton.
Brian Moritz, Chairman of the Company, said "I would like to thank Grant
Thornton for their support through what has been an undeniably difficult period
for the Company. We have mutually agreed that a new Nomad would be better placed
to advise during what we hope will be a revival of Dimension's fortunes"

[flc] 19/5/2010 07:30

Hi Duss, he seemed quite upbeat. 'Formal Announcement' is purely writing out to shareholders giving notice of new advisor. Not sure if this is Nomad?

[dusseldorf] 18/5/2010 16:28

While we are de-listed there isn't really anything akin to a formal announcement. Perhaps as orvil suggests we may be angling for a re-list at some point. I won't bother Brian if you have already called him.

At least we know he has not given up(!)

[orvil] 18/5/2010 16:21

FLC-do you mean Nomad for re-listing