Just some notes I’ve picked up along the way...
1) The number of options granted is not excessive imo, especially so when considering the risky nature of the Project;
2) The Tanlouka options will lapse, some having done so already. They are being replaced by a new set of options vesting on first gold pour from Sanbrado at higher exercise price;
3) I believe the Directors have accepted half their Director Fees in the form of options, not cash.
4) I have absolutely no problem with options granted to keep key personnel esp. for a difficult undertaking where quality replacements would be scarce. Once again, the amount of options granted for continuous employment are very low around 77k and 100k options.
Just my opinion.
Just some notes I’ve picked up along the way... 1) The number of...
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