WAF 1.00% $1.48 west african resources limited

Just some notes I’ve picked up along the way... 1) The number of...

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  1. 2,284 Posts.
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    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.
 
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