The Stifel note explained the drive in Arix’s value was likely a knock-on effect from troubled fund manager Neil Woodford selling his stake in Autolus. Arix holds a 7.6% interest in Autolus, which suffered serious overhang following the suspension of Woodford Equity Income (WEI).
Bahamas Petroleum shares were up 10% after a technical update detailed four studies with positive results supporting the potential presence of hydrocarbons in its prospects in The Bahamas.
Eco (Atlantic) Oil & Gas (ECO) has released their results for Q2 2019 which featured a major oil discovery on its Orinduik license in Guyana and solid financials, including over £21 million in cash and cash equivalents.
Chairman Dr. Clifford Gross believes such growth was attained through the company’s “unique approach of acquiring and commercialising university IP innovations, coupled with providing a range of IP services continues to deliver strong returns on invested capital.”
The deal would see Ganfeng Lithium acquire 29.99% of Bacanora for £14.4m, which the Londed-traded company plans to use as the cornerstone for its finance package for a large-scale lithium carbonate operations at the “high grade” Sonora Project in Mexico.
The National Institute of Allergy and Infectious Diseases, which like the NIH falls under the US Department of Health & Human Services, will provide Motif Bio with preclinical services to evaluate the drug as a treatment for listeria.
With over 280 million tonnes of resources in one of the largest mining districts, indicating it also comes with infrastructure, Horizonte is now sitting on one of the “world's largest inventory of undeveloped nickel and cobalt Resources globally.”
Anita reports on company developments, industry news and larger market trends. Deeply interested in storytelling across varying media, Anita works to produce articles as well as videos and podcasts. She is a native New Yorker and, having only recently arrived to the UK, is learning a lot from her co-workers about pub culture and the definitive ranking of Cadbury chocolates. Contact Anita at email@example.com or 020 3865 0230