Some folks clearly don't understand that the LDA put options are...

Some folks clearly don't understand that the LDA put options are detrimental to the share price.

The only way that LDA profit from the arrangement is by selling the shares on market, causing downward pressure on the share price. This has been raised and dismissed many times in the past (good AFR article on LDA if you need some reading).

Management have likely realised that that due to the current share price and lack of liquidity, any further capital call with LDA would likely cause greater downwards pressure on the share price than previously. Kudos to @Mdiddy for pointing this out.