It appears Adriatic need a market cap of around $1.6B to be included in the ASX200.
The significance of this is that the ASX200 is the most popular ASX index for large investors into the Australian market. Vanguard's ETF currently $15B, BlackRock $5B.
Entry into the ASX would require approx. $7 share price, which when included into the ASX200 would propel its share price further through automatic index investing.
Strong precious metals prices, increasing production at/above expectations and contained production costs could get ADT to $7, while ASX Index ETF buying could push ADT closer to $10.
Let's see how this plays out.
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Last
$6.22 |
Change
0.000(0.00%) |
Mkt cap ! $1.876B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| ADT (ASX) Chart |
Day chart unavailable