Ann: Deep diamond core commences at Sartenga Disc, page-5

re: Ann: Deep diamond core commences at Sarte... WAF had better find something worthwhile soonish or they will start to be seen as a WOOFER.

So much promised the last 2 years and so little delivered.

Why WAF instead of other west African goldies which have actually found something and are still cheap?

What I like about them is that they have massive moose pastures to explore in a low taxing country. In addition they own their drill rigs so should be cheaper cost exploration company. Possibly now have enough cash for 9-12 months, but we will know their balance in a couple of weeks.

I doubt they will have a meaningful resource by the end of 2012 on the basis of what they have reported to date.

Lots of cheap options to be exercised by directors one fine day - they gave themselves more options as a bonus in 2010, I think, as one does. 185m shares plus around 40m options is a lot of script for no resource and less than $8m in cash on hand.

loki