Good morning Lakers,ASX300 in March and now in ASX200. Awesome...

Good morning Lakers,

ASX300 in March and now in ASX200. Awesome progress when we look at where we were in January 2021. Kudos to Stu, Steve and their team.

This promotion into ASX200 should bring new investors on board pushing SP towards North. Ofcourse ASX200 will also attract more shorters, however, in my view, shorters will have too much of a risk in shorting LKE because of expected significant announcements in the very near future.

I also expect option selling pressure to reduce in the next few days taking into account T+2, payment settlement time and public holiday next Monday. Thursday onwards we should see further increase in SP due to option conversion selling ceasing.

If all goes as per plan and no significant negative macro impact, we may see a new ATH SP either in June or July.