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https://polaris.brighterir.com/public/avacta/news/rns/story/xzoel7r

Yeah! I'm feeling rather dizzy at the huge heights in reaching a market cap at £2.26m..

Just been researching the IP assets of FIT Biotech.. namely the gtGTU® gene delivery technology.. Quite interesting what Avacta Group plc and the CEO of FIT say about it..

"A significant commercial benefit of delivering drugs in this way is the substantially lower cost of goods."

Erkki Pekkarinen, FIT Biotech Chief Executive Officer, commented:

"We are very excited to work with Avacta in developing safer and better biological drugs. The combination of our respective platforms shows great potential, and further demonstrates that FIT Biotech's gtGTU platform shows promise in developing a wide range of next-generation biological drugs that bring added value to suppliers, healthcare professionals, and most importantly, to patients. Our technology has huge potential in the biological drugs market that is expected to grow to $480 billion by 2024."

Has anyone considered the original agreement was bridging? After all, the deal with Alpha Blue Ocean joint venture was/is a letter of intent.

The RNS dated 26th April..

It is acknowledged by the Company and the Investor that the Subscription is part of a wider financing arrangement to be provided by the Investor to the Company.

Are we not now entering the Pre-planned and RNS announced wider financing arrangement?

Talks appear to be going so well they have now stated the following which is an upgrade to the RNS dated 26th April..I'll post the differences below..

26th April

While a portion of the funding made available as part of this agreement, will be used to both conclude the VAL201 clinical trial and progress VAL301 into the clinic, having access to additional funds will provide ValiRx with the flexibility to invest in further research and development and a strengthened position when negotiating licensing and joint venturing deals with potential partners.

31st May

The Company anticipates that the Investor will provide it with additional funds which will be used to drive its clinical and pre-clinical assets to completion.....

Sounds like that LOI just grew to me!

An Exxon reminder pre 4 licence acquisition last month. They clearly like what they see and a point well made J.. on the same fairways..

"Exxon’s buying spree targeted drilling concessions and seismic surveys, which are maps of the rock beneath the seabed that can indicate probable crude deposits. Bigger finds tend to generate bigger profits, and the ultimate prize is known in the industry as an elephant: a discovery that hold a billion barrels or more."

“We’re acquiring large amounts of seismic data with the idea that in the future one or two of those are going to turn out to be the next Guyana,” he said. “These are large acreage positions and they’re in areas that we think have promising opportunities for hydrocarbon systems.”

https://www.google.co.uk/amp/s/www.bloomberg.com/amp/news/articles/2018-10-18/exxon-exploration-chief-eyes-africa-for-next-elephant-oil-find

Currently smiling!!

Let's face it., with the strong evidence of hydrocarbons in the Aptian/Albian on Welwitschia, read across from the lateral migration to the prospects in 30 & 37, new revelations about the regional seal above the Aptian, 3D already carried out... I can't think of one reason why they wouldn't..

It would make absolute sense. Watching Exxon expand down from South Angola into north Namibia plus Azinam's huge collection to our south added with a joint venture already in place between the two.. we are sat in the middle, updip and read across..

I second that! Can only face coming on here on RNS days..

It's to 2018.. it is not reporting price sensitive info on 201 whilst the trial is still ongoing..big few months ahead..

I wonder why Valirix is described as a key player here? It's only $3300 for the report.. Initial article link http://ahealthcareindustry.com/epigenetics-diagnostic-market-2019-how-the-market-will-witness-substantial-growth-in-the-upcoming-years-thermo-fisher-scientific-diagenode-diagnostics-and-illumina-and-others/ Or go straight to the Global Epigenetics Diagnostic Market Research Report Forecast 2019-2026 https://www.qyreports.com/report/global-epigenetics-diagnostic-market-research-report-forecast-2019-2026-117321/

Brokers and market makers are two very important players in the market! Brokers are firms that facilitate the sale of an asset to a buyer or seller.

So are you saying brokers are acquiring shares? Work for one by any chance Roses?

Neither of you should involve yourselves with shares. They were trades. A buyer and seller at the same time.

A good presentation.. Did anyone get a sense of a little insecurity? Perhaps a swipe at GBP in the room next door ref the increasing cost of attaining 3D?

I'll have a listen a bit later to that J with a bit more time..

It is significant imo that we are now on the radar.. Both ECO and now Azinam.. we've had an upgrade! :-)

Totally agree investor but well worth going through absolutely everything with an understanding and a fine tooth-comb.

It’s less than 9 billion J. They drilled to depths of around the Cenomanian which is the Upper Cretaceous. No reservoirs found as they completely misread the 3d data..

We can remove the Maastrichtian, Palaecene, Campanian from the resource estimates until we know what they have in the East. This currently amounts to a reduction of 7 billion barrels, but it will increase again once we know more about the prospects to the East and further prospectively to the South East corner.

The estimates for just the Albian are still impressive.

Low – 507
Best – 1979
High – 4638

Looks to me like the regional Shale seal above the Albian is doing its job in this location.. :-)

Lots to read through here on the TRP CPR.. However there are some very important pieces of info which are worth considering following what we now know today!!! Only pay attention to the Aptian/Albian for now and wait for info to the east.

Page 18

The report also identified the Upper Aptian-Barremian and the Jurassic sediments as mature by the Eocene and this is particularly significant in view of the presence of chimneys rooted below the Albian in the Delta structure.

Page 21

The sheer number and longevity of pockmarks (chimneys), some rooted below the Albian, combined with the large volume of nearby oil-prone source rock, and early structural development provides ample confidence for hydrocarbon charge. The vertical seal seems to be effective, based on the observed AVO effects at the apex of the Maastrichtian anticline; multiple shale layers interbedded with the sandstone beds, the shale content increases upwards (for the Palaeocene); the probable existence of a flooding surface of regional extension, for example the shale layer at 2620m in well 1911-15 between the Campanian and Maastrichtian horizons (Campanian); and the thick layer of Late Albian and Cenomanian rich organic deep water marine shales (Albian).

https://www.towerresources.co.uk/files/Namibia_Licence0010_Tower_CPR_Letter.pdf

Exxon When looking at Towers 2012 Presentation on page 9 both Gamma and Alpha show a link to Exxons new blocks requiring a charge from the Namibe kitchen - Exxons licences.. Gamma Large 4 way dip closure which is believed to be charged from Namibe source kitchen 
 Alpha Palaeocene basin-floor fan, requires charge from the Namibe Basin
 https://www.towerresources.co.uk/files/TRP_InvestorPresentation_0612.pdf On page 9 on 2013 presentation it shows an image of Delta requiring a charge from the Walvis basin https://www.towerresources.co.uk/files/TRP_AOGSPresentation_0113.pdf

I have to agree there J!. Seapulse, Maersk Drilling (plus their agreement) and GBP fit like a glove! Simple and uncomplicated from drill to production.

However.. Following Exxon's recent 4 block acquisition they come a very close second imo. I am sure as I mentioned earlier that the list of prospects clustered together on GBP's and TRP's licences I believe are now on Exxons radar. They swallowed up the licence adjacent to us that has oil slicks seen on satelite. Just to the south of those slicks is our adjacent licence where we have repeating oil seeps along the faulted flanks of Gemsbok.. To the east we have evidence of migration combined with evidence of oil slicks which even ECO advertised in one of their earlier presentations..

I think it's safe to remove Woodside from a possible farm in as I'm sure we would have heard at the Summit. 2+2 = 3 :-) However!! Exxon are now breathing down our necks with the new licence acquisitions.. could they? Will they? You know you want to! Please do!