2020 The Year Of RAP, page-458

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yzwboy

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21/01/20

17:23

Post #: 42498008
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Originally posted by TerribleTadpole: ↑

If we get knocked back by the FDA on the fundamentals of the application, then I would expect 7c again like before. While it's true that Resapp has a stronger product/approval position than it had in 2017, the key FDA-related issue is how much hard work and design and control and management went into getting the trial results we got the second time around. It's pretty certain that no matter what we do we're unlikely to get anything significantly better out of a US medical trial. Therefore if the FDA knock us back a second time it's going to be hard to imagine how we could possibly hope to get approval any time soon. I would think we could be looking at three to five years for a successful third try. That's going to knock a serious hole in our commercialisation plans!

So, like I wrote at the start, I would expect similar action to 2017: 7c with a slow climb to stability around 10c, then small increments on other positive news to maybe 20c-25c over the course of two years or so.

If it happens, I will be looking for a break-even exit.

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And you are willing to wait 2 years just for a break-even exit? I don't get it, If you have waited for 2 years for a third try, shouldn't you hold because the chance of success is significantly higher each time.

RAP Price at posting: 30.0¢ Sentiment: Hold Disclosure: Held
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2020 The Year Of RAP, page-458

Top Stories

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Immutep reports strong response rate from immunotherapies treating carcinomas

Nimy to raise $1.21M to explore 'newsy' WA targets

Bitcoin investors need to know the risks

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Almonty locks in govt agreement for tungsten oxide plant in South Korea

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