edited by moneyam

From the interims:
The Directors are examining new projects to be injected into the Company, but it remains difficult to conclude any arrangements until the cash value of the South African assets can be ascertained. Once again, shareholders will be informed of progress as soon as possible.


...so one can assume that as soon as the final cash value of assets being sold is ascertained, they will be progressing with 'a new project to be injected into the company'

as for timescales? It depends how you interpret this statement:

Arrangements have been made to auction the bulk of the assets, and in particular the freehold factory situated in Vredendal, during the month of October, unless a satisfactory offer is received prior to then. An announcement will be made at the appropriate time.


...I read it as 'we will know the cash value of assets realised within the month of October'

...so assuming they are in the 'concluding' stage of negotiations regarding business to be injected could be anywhere from early November to early new year.

How do they pay for the injected company (reverse aquisition)? maybe the issue of new shares or maybe convertible loan notes at say 1 - 2p which will look rediculously cheap in 2 - 3 years time...all speculation but an interesting few months ahead (at last!)

Trades over 18,000 shares are delayed in reporting by 1 Hour.

Tick up on the bid to 0.20 pence....delayed buys at 0.30 pence should come through later.

The price has just crossed the 200 day moving average....very positive signal.

Up on the bid again and the offer now as well...0.25-0.35 pence...further delayed buys should be forthcoming.

Interesting a 100,000 buy has come through at a premium to the offer at 0.40 pence.

450,000 shares bought today and the price leaped 33.00% to close at 0.25-0.35 pence. I get the impression MMs are holding back a lot of stock for possible good news. I know myself how they were limiting how much stock one could buy when I was buying my shares yesterday.

BUY
CONFIRMED

Dimension Resource
Daily Commentary

Our system posted a BUY CONFIRMED today. The previous SELL recommendation that was confirmed was made on 09.05.2005 (152) days ago, when the stock price was 0.2000. Since then DMR has gained 50.00% .

Were you eager to go long? Well, without doubt, it was the right time to do so. The BUY signal was finally confirmed, and most probably you have called your broker and placed your long orders with no hesitation.

Don't worry if you have missed this buying opportunity. The market may now give you a second chance. You may still find good prices for buying in the next session.

[MOTTO OF THE DAY]
Buying was right in a nice bullish day
Hold your stocks now whatever they say

Candlestick Analysis
Todays Candlestick Patterns:

White Marubozu



Today a White Marubozu was formed. This shows that the buyers controlled the price action from the first trade to the last trade.

http://www.britishbulls.com/StockPage.asp?CompanyTicker=DMR&MarketTicker=INDUSTRIALS&Typ=S

Coincides with my earlier posting about the price breaking the 200 day moving average for the first time this year.

Definite uptrend mode now after year's of downtrend.

Just because the asset value has been writen down, does not mean that it may not re-appear or return value at a later stage. Take BSP as an example...having written down assets substantially through the 'growth' stage of the businesses, they are now beginning to realise the assets at a value far in advance of new book value - different time, different outlook, different book value...

Excuse the poor anology but its early its like a swimming pool, writing down the asset of the pool through a prolonged water shortage (i.e. contains no water for two years) as it cannot generate income and nobody can go swimming. Once the water shortage is over and the swimming pool full again its asset value can increase....

DMR paid 20m for the assets when they were simple unworked mines (there was no 'mining business' then. They remain unworked mines and therefore if they were going to sell them they would have an asset value of several million (maybe not 20 as the currency fluctuation has gonbe against them.

As they are not going to sell them - they are 'mothballed' for DMR's purposes - it makes sense to write the value down

Added another 200,000 shares to my holding at 0.35 pence.

I think its dawned on the market makers that should reaction to auction price RNS in Oct or company injection be positive, they don't have enough stock to satisfy demand.

Volume has started slowly picking up since last Thursday.

I think the Volume will continue to build today.

Just bought a futher 250,000 shares at 0.30 pence....

And managed to get another 99,983 shares at 0.30 pence as well.

My buy trades will come through in an hour.

SueHelen

How many of these have you now got ?

K******

I have bought around 1.30 million shares now since last Thursday in these....have to buy in tranches to get good prices.

The only way two-way trading can happen in the size buyers want to take a position for the new aquisition is by a markup at some point to a level where sellers may be enticed.

After the steep fall from the 32-35p high after flotation, the shares traded
around 1p for a very long time, and it is not unreasonable to expect that when they return to this level it may be in a decisive way.

Even that price would be less than half the average price brian moritz paid for his holding.

Sue - Re your post 15:

You clearly don't know what you are talking about.
BSP have been amortising goodwill.
DMR have written down tangible assets to expected realisable value.
Do you understand the difference??

Note also that the figure for the subsidiaries is now reclassified as an "investment" in the balance sheet.
Why do you think that might be??

Regarding your swimming pool analogy, DMR have made no separate comment about diminuation of tangible assets due to reduced economic benefit.
Also, valuing an asset according to economic benefit, would include all future economic benefit. You can't write down the value of your swimming pool to zero just for the period of your water shortage, unless you assume that there will be no water in the future, either.........

In short, please stop posting utter twaddle.

Rgds
dell

All IMHO, DYOR etc.

I bought and sold BSP on the same analogy dell314....go and see the BSP thread here and how you were deramping them at 0.30 pence before they went to 1.30 pence to sell.

Please stop following me around dell314...if you do not like what I post.


PS. My CLS has started ticking up...are you quickly gonna rush to that thread to continue your deramping.