The interesting this is that if GRY does get dropped from the ASX200, and its market cap falls, it would become more attractive to a predator- if there is one. A predator is not going to care if GRY is in an index or not, because GRY would be privatised or become part of a bigger fish anyway in the event of a takeover.
Moving into developer status is a rotten part of the mining life cycle for so many companies. GRY is now 50% below its capital raising price.
GRY Price at posting:
40.0¢ Sentiment: None Disclosure: Not Held
