"By the time we get in the market their will be new headlines of...

"By the time we get in the market their will be new headlines of concern , such as world wars, meteorites to destroy from hitting earth etc."

Yes, quite possible, but TGA or EU common list approval will see the share price jump on the expectation management will suddenly competently sell the product at scale. A stock for gamblers - assessing current market cap vs probabilities of success vs probabilities of others thinking this might be successful.

Anyway - still waiting for the announcement from the company on what extra trial data the TGA wants and how long that will take to provide. Publicly available data suggests the Eugeni LLoD is similar to (not better than) the good home RATs. As such, we can understand why TGA is in no hurry.