My feeling is that if you were a professional fund manager that was beholden to the All Ords list as a protocol for investing then you would have been across the likely delisting as it is calculable from the listing requirements below. This slow supply of shares that have been capping the price may have been a response to what was anticipated news by these funds as they adjusted for this piece of news. I don't read to much into the delisting either way, if anything, I'm on the side of it being a slight positive as it possibly signals a drying up of the supply as these adjustments come to a conclusion. Would I prefer that we were in the All Ords: yes.
https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/MSB/feature/ALLORDS
Ann: S&P DJI Announces March 2021 Quarterly Rebalance, page-8
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