Ann: Mineral Resource Upgrade, page-78

Yes a good day for LDA to get some volume out into the resource upgrade announcement. August 22 is the end of the pricing I reckon it will be 40c x 0.90= 0.36c to LDA. Its nice these facilities as you get the stock to sell and then get it priced back at a discount making it very profitable trading. So lets say they sell 25m by August 22 at average of 40c thats $10m - $9m ( 25m x 36c) = $1m profit with a square book ready for the next draw down.
Remember if the shares spike on the upside they still have 70m free options long up their sleeve as a hedge.