Member Info for Vander

Sell on the good news before the hard work of delivery- although the SP has approx doubled since the Gabon initial RNS

It will be interesting to see what happens in Gabon due to competing gov priorities

They wish to improve airport services and grow the economy

However, they have a short fall in the tax take and need to prioritise essential services. They have recently suspended new tax exemptions for 3 months. They are adapting to democratic processes following a long dictatorship

The WSG surcharge (WZ tax) takes them to highest departure tax in Africa and the pips are squeaking

Let’s hope that WSG prove their worth

The company has indicated in April/may 25 that its main focus is NP101. It seems they don’t have the resources for ecp105

However, the anpplication for fda orphan drug designation was on 2/7/24 and the result is still pending? The fda must have requested more data?

The article summarises self evident need for localised delivery of multifunctional particles, with oral or topical delivery allowing self administration

Development of N4-101 needs commercial money (ie a partnership) and scientific leadership (ie in house academics and labs). The relationship with UQ is limited and the N4p spin off has not yet flown independently

The proprietary part of the product is the modification of the snp surface- developed some years back by UQ comparing three different surface morphologies in a preclinical cellular model. However, there are numerous other products characteristics with huge bearing- some positive eg multi loading facility and cheap to make. Also some negatives eg SNPs are a new class with much less data, need for enteric capsule etc. The choice of ON and tissue/location is not yet coordinated with a commercial partner

There is a huge amount of competition with hundreds of rna products in clinical (human) trials - however nil oral. What lessons are there from success (or lack of) in systemic trials?

A big change has the new management team- will they make the difference?

Linton- here is another article

It explains further afrijet disapproval of the new security charge and wish for downward negotiation of departure taxes

https://fr.journalducameroun.com/gabon-transport-aerien-cette-nouvelle-taxe-quafrijet-denonce/?utm_source=chatgpt.com

Some on here will remember that the Liberian/ Monrovia contract failed to launch due to a revolt by stakeholders against the hastily introduced/poorly consulted wsg costs.

We awaited further government consultation- and are still waiting

It doesn’t bode well that the national carrier, which is 56% state owned is refusing to implement the WSG charge? How does this fit their iata charging model?

In DRC, RVA are attempting to reclaim 136m usd in unpaid charges, mostly by airlines

According to the official ministerial decree (n° 000351/MTMM/CAB‑M) issued by the Ministry of Transport:

International flights: the security tax was raised from 10,000 FCFA to 23,000 FCFA, an increase of 13,000 FCFA, which amounts to a 130 % + increase over the previous rate

The international 23,000 FCFA security tax is roughly USD 35–40, depending on exchange rates.

For passengers departing Gabon on international flights, total taxes and charges amounted on average to USD 297.70 (about 167,000 FCFA) in 2024—including security, airport infrastructure, and passenger service fees

I see no formal government response to the call for dialogue from afrijet end May 25, as yet

The statements in my post were taken from AI

Apologies if they are incorrect- they need corroboration

Here is an associated article. Gabon already pays the highest departure tax in Africa 298usd per passenger

The tax increase has not been formally implemented as of now.

Afrijet has unilaterally postponed the hike until October 1, 2025, but this applies only for tickets sold through its direct channels.

No government decree or official confirmation indicates whether the increase has been officially suspended or delayed application across all carriers.

Afrijet is urging a national dialogue with the government and industry stakeholders to shape a fairer funding model for aviation, instead of abrupt tax hikes

https://travelnews.africa/news-single.html?id=15190&title=Gabon+Airfare+Hike+Postponed%3A+Afrijet+Takes+a+Stand%2C+Urges+Industry+Dialogue

Fowler says that his greatest career achievement was the Iran contract

He has no regrets or remorse about this whatsoever- he believes it was a great achievement

To be fair fowler has progressed from MOUs to signed contracts

For tema it resulted in some revenue and time will tell in Gabon

A concern is his haughty attitude toward SHs- there is no hint of remorse regarding his pathetic record juxtaposed with his promises, where the naive have been parted from their savings

Darn- so the ferry is not one of the fateful eight?

For starters there has been Iran (or Oman for some on here), Namibia, two separate DRC contracts, Liberia, SQ ferry

Plus many MOUs (one estimate 91x) it took a few years for fowler accept these were fuelling speculation / paying for four family members salaries

Ears: What are the 8 signed dud contracts?

Bear in mind also that these blanks have associated set up costs. The ferry cost at least 2million usd and never transported a single passenger despite fowler’s headline of a hundred million dollar contract

Are we saying the conversion of 75 mCLNs will increase PFO stake to 37%?

The first article reports that RVA has an annual revenue of 60 million and yet it is losing a lot of money. Nine contracts under alphonse shungu are being scrutinised

President tshishkedi is making it a test case of a large number of loss making state owned companies which are failing to drive economic recovery

The drc economy is in a poor state due to the war and resultant humanitarian crisis

Https://www.ouragan.cd/2024/09/rva-laffaire-des-chariots-eclabousse-kin-kiey-et-ngoma

Concern re RVA contracts/tenders including luggage trolley procurement- only 200 of 3000 arrived- and was part suspended pending corruption investigation

Mulumba denies embezzlement - he was the lead accountant prior to becoming RVA lead in 2023-but acknowledges financial poor performance over the past 2 years and the plan to recover 136m usd with bailiffs

https://infos.cd/economie/rva-tryphon-kin-kiey-mulumba-rejette-les-accusations-de-detournement-et-annonce-un-plan-de-redressement/59739/

Don Franco the article suggests that RVA are in poor financial shape. They have set up a committee to recover a large amount of unpaid funds (inc from airlines)

It has relevance to Wsg as they are replacing RVA (in part)

Do you think it’s part of the reason for the DRC delay ?(aside from the war)

Fowler referred to it as unexpected internal bureaucratic processes! He dismissed the war as a reason

Https://acp.cd/anglais/airway-regulation-a-commission-set-up-to-recover-usd-136-million/

Aiming- when will we have an update on the Sierra Leone dispute with the local businessman?

Fowler would not have mentioned it unless forced to and he will use it as an excuse for lack of contract renewal with summa

Fowler has modified his behaviour

He realises that punters are less likely to blindly follow his hyperbole- as per consecutive day pumps with DRC and Liberia in 2021, the ‘transformative’ tema contract followed by the ‘impressive’ sheikh in 2019.

A lot of people were conned by that here

His main shareholder is aged 83 and he needs to lower the excitement threshold so that the 2 yr inheritance tax exemption can be met