Member Info for Diversified

13th December 2019 - Corporate presentation

Page 24.

It provides an indiction as to how valuable a Phase II completed trial could be and could range between $810m and $1303m with a significant upfront payment.

A commercial partner that will help fund phase III as per the most recent communication from the company.

This is what we should be keeping on our toes for.

https://www.mereobiopharma.com/media/1414/investor-meetings-december-2019.pdf

My guess is Phase IIB results

An farm out update re Namibia would be all it takes to underpin the current valuation, regardless of the upcoming drill result from Guyana.

That trade was late reported from yesterday.

If Repsol finds light oil this moves back above 100p not a problem!

The fact that the drill is taking so long can only be a positive, especially as HESS disclosed that the average drill is taking 20 days to TD. I also think if TLW were looking at their last announcement that caused the big flush as an opportunity to draw a line in the sand. Then information management would imply forthcoming news would be positive and that the upcoming drill results would of been taken into consideration.

I believe the share has a particularly good feel about it again, and that the recovery has begun. Time will tell who is right!

Admission and dealings was expected to commence at 8.00am on 1 July 2019. Then structured to begin 2 months following admission.

So effective from 1st September and first installment in October. Interestingly the company is fully funded in the immediate future.

No mention of the early stage assets in this interview. I think this could be the next significant news that would help to realise additional value and capital.

A very exciting share to be part of.

Nolupus, your games are getting a little desperate and you shouldn’t be trying to mislead the market, vulnerable posters!

Technicals actually look strong following yesterday’s finish with the fall in share price primarily down to the general market sell off.

Found it very difficult to buy stock below 20p again yesterday but could sell large quantities all day.

I am personally expecting a good day.

If history is anything to go by and taking into consideration dilution. A share price of 40/60p and rising to 190p towards the end of the phase III trials would suggest you are incorrect. Still undervalued and currently consolidating.

Agenda, wants a lower share price, so he/she can buy and tuck them away. Lol.

It was expected and also briefly mentioned at the end of today’s podcast that the early stage assets will be spun out via a private equity investment or listing in Europe. This will realize further shareholder value over the next period and provide some additional funding imo.

It’s impossible to buy decent amounts of stock at these levels unless you break up your trades into a lot smaller lots. Mental!

Wow, that podcast tells you exactly why you should be a shareholder and not a trader of this company. The next 12 months are going to be very exciting.

The fact that the TR-1 is already disclosed suggests that it’s finished and now we can expect a strong bounce following those PI’s that dumped not understanding the implications.

I am also shocked to see why the CEO hadn’t been interviewed about this news yet. It would be good to hear from him. However, it leaves me to think that further meat to the bone is yet to be added to this one and that an interview will follow a future update.

Last week my intention was to trade this, however, having researched the company I like what I see. Given the relative market cap, irrespective of if the company raises money, this would appear to have an exciting future

I am trying to evaluate the upcoming campaign and put together an analysis of historical market cap valuations against certain key milestones. Obviously a challenge as Charlie-1 is chasing 3/4 times the net resource of Winx-1 and the drill is conventional unlike Icewine.

I am new to the company and have built a position over the last few weeks, their is a considerable amount of information that I still need to learn.

I am trying to understand the historical pattern of events but one thing seems clear. We all know that following the petrophysical interpretation of Winx-1 that 88e took the decision to plug and abandon. What has been clear in the communication from the company re Charlie-1 is that they expect completion of flow testing by mid April, they have stated this on a number of occasions. Having already undertook revised petrophysical analysis of the Malguk-1 well, as long as we intersect the chosen targets we can be assured of drilling updates to consist of two key milestones:

1. wireline logging
2. flow test.

These are two major milestones that led to the share price reacting strongly during the Icewine campaign. An outcome that is highly likely to be repeated here imo. I am not sure of the cos associated with this drill, but with a similar play on nearby blocks having something like 9/9 discoveries, a share price whilst difficult to calculate due to the size of the prize will in my opinion reflect something in excess of previous highs in the market cap (allowing for dilution).

2.7p for starters, but with the news-flow to come from a multiple stacked target, it’s going to be an exciting ride that the market will not be able to ignore for to much longer.

This RNS will help remove any niggling doubts that some have raised about the drill happening in February and funding requirements.

88e are fully funded which means those that used the most recent opportunity to talk the share price down from Friday are running out of ammo.

Are we expecting an RNS, based on the fact that the CEO is in London this week, surely his not here just for the investor presentation?

Operational update would be nice to provide forward guidance on milestones leading up to spud, the article from the weekend implied an estimated spud of mid January. It must be safe to assume that February is more likely, in line with company guidance?

Circa. 20ft of oil. Wireline logs will tell them full story, in the meantime, fun and games.

Yesterday’s fall has more than priced in worse case in my view, thus from current levels it’s oversold imo.

Circ. 20ft. I believe that this will increase following the evaluation.