I'm of the opinion it's likely to be good, otherwise it wouldn't...

I'm of the opinion it's likely to be good, otherwise it wouldn't make much sense to own so many options with Nov expiry. Though in case of the SP falling below $0.30, it would not make sense to convert the options, but to buy on market for cheaper (liquidity permitting).

It's only a 3 months update, so could go either way, with just a little bump in either direction - eg. contract delays, or accelerated sign-ups.

My guess: Australian schools are still feeling the pressure of COVID, and are still considering 'at home' learning options more than they were in prior years, and RCL already seemed to be on a good trend in prior years. So potentially a good rate of new contracts signed, and/or extensions/expansions.