General discussion, page-5615

** from my previous post **

Based on the admission criteria to the ASX 300,
~ I cannot see any current reason why at the September rebalance, FFX would be deleted from it.
~ Leo Lithium won't be included in the September rebalance, it won't have been trading long enough to meet the ADMC

(1) Market Capitalisation: Minimum $100m ~ this actually equates to $0.084c per share .......
~ a daily average market cap (ADMC) over $100m

(2) Free Float
~ minimum free float threshold of 30%
~ free float is the percentage of Company shares freely available to be traded

(3) Investable Weight Factor
~ IWF is also based on the Company's free float
Leo Lithium's IWF won't be impacted by Firefinch's 20% holding, controlling and strategic holdings are excluded from the calculations
Individuals who hold more than 5% are also excluded but securities companies, finance companies and investment, pension & mutual funds are included.

(4) Size
~ is based on the average of the previous 6 months day end free float adjusted market capitalisation
~ further adjustments are calculated during times of high volatility

(5) Liquidity
~ has to actively and regularly be traded
~ liquidity is measured relative to its size peers

My Opinion:
~ Firefinch should still be there after the September rebalance but it can be deleted if its rank buffer is lower than 134th .....
~ Leo Lithium will join them in the ASX 300 at the March rebalance on the proviso that there is enough deletions.


cheers
ps
~ I don't think I missed anything ?