Ann: Peninsula Debt Reduction, page-3

Probably because this isn't very good news. Simply, this is just a conversion by RCF of a portion of their convertible notes - at a massive discount to the original (and subsequently revised downwards) conversion price. Granted, the debt reduction is better than a poke in the eye with a sharp stick, but it comes at cost to retail holders, i.e. dilution.

I'd be interested to know why the partial contract monetisation is taking 'longer than expected'. US$11M for 1M lbs seems like a good deal for the buyer - not so good for the seller though.

Still no mention of the optional delivery issue.