Ann: Grant of Unlisted Options to Managing Director/CEO, page-2

"As Mr Heili approaches the six-month anniversary of his appointment as Managing Director and CEO of Peninsula, the Board of the Company wishes to recognise the quality of his contribution to date and to align better his total remuneration with his role of growing shareholder value over time."

Since Mr Heili joined PEN, SP has dropped 30%. How is this 'growing shareholder value'?

Strike price of 50c - nothing like setting management tough targets.

Wonder how production at Lance is going? Hopefully not another piss-poor 30 klb quarter on the way. I would have expected an update on the actions implemented previously to resolve acknowledged technical difficulties. No news is bad news?