1. When LKE entered into ASX300 in March '22, AUD $200m to $250m additional investment/capital came through pushing LKE SP north. Similarly, if LKE gets into ASX200 in June '22, expect LKE SP to travel north (from latter part of next week) because additional capital of $150m-$200m is expected to come through
2. When 35c options expiry date passed on 15th October '21, LKE SP increased from 59c to 99c within 15 days, ie 67% increase without any price sensitive announcements. If similar pattern continues for 75c options, after it's expiry date on 15th June ......at current SP of $1.50, 67% increase alone would push LKE's SP to $2.50 by end June '22.
You couple point-1 (ASX200) and point-2 (options expiry) together...Where would LKE SP be by end June '22?
WAIT!!! Now you add other price sensitive announcements that we are awaiting for, such as Kachi demo plant commissioning in June '22....LKE SP???
Very interesting next 4 to 5 weeks Lakers
LKE Price at posting:
$1.47 Sentiment: Buy Disclosure: Held
