Australia's largest stock trading and investment forum Australia's #1 stock forum

RAC

Click for more information

2.06%

$1.74 race oncology ltd

Most of the market doesn’t understand this transition, nor what...

First 101 Last

Share
Profile

Follow
Alf107

685 Posts.

120

16/12/23

17:03

Post #: 71487032
Share

Originally posted by Davisite: ↑

No I am saying the market considers RC110 commercially dead. This is not my assessment of RC110, but what the market is telling us. In my opinion RC110 has significant value in the absence of RC220 so to totally discount it to zero make little sense to me.

The work of Dominissini’s group did not make it to the ASH poster, but it would be premature to say it failed. I really don’t know the outcome of this work. Yes Dan has been promoted to the run the institute so I don’t know how much time he has these days for research. This may well be why the data didn’t make the poster.

Race is most of the way through a transition from an RC110 high intensity chemo AML commercial focus to a much more valuable RC220 driven cardioprotection + anticancer, m6A, and low intensity AML focus. We have gone from a moderately valuable commercial opportunity, to an opportunity that is as large as they come in the pharma industry. Most of the market doesn’t understand this transition, nor what Race now has. My job is to change this.

Expand

Most of the market doesn’t understand this transition, nor what Race now has. My job is to change this.

What are your plans for doing this in the short term i.e. 3 - 6 months? Understanding trials are years away.

RAC Price at posting: 83.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

GMD

Genesis set for higher gold production in FY25 and earlier mill start

BAS

Bass completes successful testing work at Kiwi-1, showing higher-than-expected condensate yields

RDN

Raiden Resources jumps 11% as Andover South drilling to kick off with PoW on Minister's desk

EMD

Emyria jumps 10% on 'interim' success treating PTSD patients with MDMA

TAT

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT

There are more pages in this discussion • 13 more messages in this thread...

First 101 Last

Add RAC (ASX) to my watchlist

(20min delay)
Last $1.74		Change 0.035(2.06%)		Mkt cap ! $290.5M

Open	High	Low	Value	Volume
$1.76	$1.79	$1.70	$255.4K	146.0K

Buyers (Bids)

No.	Vol.	Price($)
1	18	$1.73

Sellers (Offers)

Price($)	Vol.	No.
$1.74	609	1

View Market Depth

No.	Vol.	Price($)
1	18	1.730
1	4373	1.725
1	2499	1.715
1	4798	1.710
1	321	1.705

Price($)	Vol.	No.
1.735	1859	1
1.750	400	1
1.765	509	1
1.790	5825	2
1.800	13808	4

Last trade - 14.38pm 02/09/2024 (20 minute delay)

RAC (ASX) Chart