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Sorry late getting back to you Research. Thanks very much for your further input. Appreciated. Will continue with AMP and see what this week brings.
Regards

Still not there Research though I really appreciate the dialogue.

If NAV end 2017 was -£2M GBP and say income/expenditure increased that to -£3M GBP in 2018 then there are other assets there circa £14M that are not being counted here.....or something else doesn't add up.
To create a zero NAV from these figures we need an up-lift in Motif SP by 18p.

Is there something in my last post in the Motif phrase: "......or cause us to recognize a gain from revaluation of our derivative liabilities". Viz: Is Motif/AMP trying to avoid/mute increases in SP until they are ready to pay these derivatives off.

Hi Research. Great post, though the numbers are still way off somewhere. Here's a cut and paste from the YE 2017 account when Motif were also at 41p:

Financial Results:

Net Asset Value ("NAV") increased when compared to the previous year, being US -$2,807,418 (2016: US -$5,886,381) due almost entirely to the movement in value of the Motif Bio plc share price

The question is, how do you get NAV deteriorating by £14M over the past year most especially since AMP has being reducing its debt? I know you will have the answer, I just can't see it. …..are you adding something in?

Further here a paste from Motif half results April 2018:

Our stock price has a significant impact on the value of the liability and, in general, a decrease in our stock price will decrease our derivative liability balance and decrease the loss from revaluation of our derivative liabilities, or cause us to recognize a gain from revaluation of our derivative liabilities. The gain for the six months ended June 30, 2018 was US$4.3 million, compared to a loss of US$1.4 million for the six months ended June 30, 2017.

Hi Ian. RNS' very complex and I could be missing £11M in debt though can't see where it is.

I'd trust everyone else before me. Went back to 2010 but not before. Though is clear is that AMP have sold Motif shares to service the debt, but that needs to stop. £3.9M due to lender from 2016 and this needs paid off. They have lien over circa 25M of those shares and we need to get control of them back.

You're right Carpking….ment £505M

£20 times 25,254,611= £505K No wonder Charlie desperate to keep as many as possible. Happy to be corrected Carpking if you see I've got the numbers wrong.

If as below noted Motif achieve £700M T/O and broker target at £20 is achieved, AMP MCAP with current shareholding on that asset alone will be £500K. Figure.
DYOR

Eyes going square looking through RNS's and doing rough calcs: Revising figures where debt converted to GBP:
Motif shares circa 25,254,611 at 0.43p worth circa...……………………………£10.8M
Polarean……………………………………………………………………………….£3M
Kromeck………..................................................................................................£7. 5M
Excluding other four assets, total for these three...……………………………..£21.3M

Total Debt including CLN's that I can see...………………………………………£12M
NAV...…………………………………………………………………………………£9.3M (Current MCAP @ 1.5p=£3.1M)
That is, current AMP share price should be 4.5p

For every 10p increase in Motif share price our NAV increases by £2.5M. 120% wipes our debt completely.

No doubt Motif have not been sitting on their thumbs and will have hopefully already negotiated production and distribution contracts pending FDA approval.

If Motif SP raises by 100% our true NAV will be £19.3M and the SP should be 9 pence. If Motif SP raises by 150% our true NAV will be £24.3M-AMP SP 11.5p and so forth

Trust not these numbers. DYOR

Anyone better informed can correct me. From basic number crunching on first three AMP assets:
Motif worth...………………£10.5M
Polarean worth...….......….£3M
Kromek worth...................£7.5 M
Assets at todays price ......21M
Debt £11M
NAV and MCAP should be 10M.......missing something?

Fantastic news. GLA

If I were a director here...….I would want my LTH to benefit here. I don't want traders to benefit. With that in mind, guess what's going to happen tomorrow and Monday. Do as you will

Possibly....but if they are on the cusp.....they'll say nothing rather than enter another exclusivity period. So....first thing, during the day or even Monday. The later the better!

Sitting down this end Draft! No RNS 7AM and there will be panic selling but to me no RNS first thing is a good sign...…...ready to top up.

Don't think the potential deal here is still been worked on....that stage long pasted. Think likely financing being organised, or Counterparty looking at more than one prospect and now needs to make a decision. The worst we will get is exclusivity closed, then panic selling, and another bidder lines up Monday or the Counterparty finalises and all hell breaks lose again. Swings and.........geeeze!

Yes Foxestocks. Clicked on link and went to the Envoi Home Page, but there was nothing on the HP and none of the links worked. I think from what you were saying there was an advert on the Envoi site to advertise 2248 and 2252 on behalf of Cluff. Reason would suggest that even in exclusivity, the advert would continue, to gather notes on interested parties, just in case. But it seems as if it was removed. vert was taken down?

Message is ignore. Thanks Mike and Draft

Found this on Google Search but can't ascertain if it is relevant to where we are today: Anyone able to figre out when this was created?

Envoi Cluff P2248 P2252 Farmout - Envoi Limited

envoi.co.uk/wp-content/uploads/2018/02/P247CluffUKSNSIntroFlyer.pdf

43/11) and P2252 (involving Block 41/5 together with part. Blocks 41/10 and ... West part of the UK's Southern North Sea where the water depth is only around 60 ..... with an upside of of nearly 1 Tcf. Cluff maps the Pensacola prospect as just ...

June 2018: Options granted to Directors
Summer 2018: Report of Data Room experience greater interest coinciding with rise of natural gas prices;
Sept 2018: Buyer likely to have been in Data Room since this time; Licence extended; to 30 Nov;
November 2018: Exclusivity agreement-two months (seems strange as very likely buyer knows what is there long since. What do they need time for? They obviously want exclusivity as they are about to spend money. What on? Heads for the proposed deal must have been agreed at this point;
20 December 2018: ONE and Dyas merge to synergy portfolios, resources and finance (not yet ratified by Dutch regulator;
31 Jan 2019: Extension of one week requested. Very strange indeed given buyer likely to have been sniffing around since Sept 2018. Finance driven, Board Meeting, regulatory approval...…….?????
DYOR

Complete guess for 2248 and 2252.....say £75M given the position we are in. Would have been more if time was not against CLNR. Then we're funded to explore the other licences perhaps going into a JV for that further exploration with the purchaser of 2248 and 2252. Guess. Who knows. DYOR

If it is ONE-Dyas, and no one here knows, it will be a sale of one kind or another. Get the bit about Algy, but I think he will be content to leave things with the CEO, sell off P2248 and P2252, and use those funds to explore the other licences. I don't think there is any huge value in the unexplored licences as yet, so CLNR would not gain much by selling them lock-stock and barrel (pun to intended) at this time.
I don't think CLNR have any underlying want to go into production especially in short time scales. ONE-Dyas is geared up and in the area for drilling and progressing to production with synergy of resources already in the area. ONE-Dyas appear a bit viral in the South NS at present. Historic ONE purchases appear partly bank rolled, so maybe that is what is going on. God knows, 'cause I don't.