MML has 88% Free Float and has a Market Cap of $150M based on it's average share price over last 6 months.
That would give it a chance of getting back into the ASX300.
You need at least 30% Free Float, good liquidity and be ranked above others based on 6 month Market Cap.
MML has been in the ASX300 before. It's the 7th Gold Stock in line to get into the ASX300 when it rebalances in September.
Gold Stock ASX300 Likelihood list (6 mth Mkt Cap):
1. Dacian Gold (327M$)
2. Doray Minerals (295M$)
3. Ramelius Resources (239M$)
4. Silver Lake Resources (236M$)
5. Troy Resources (193M$)
6. Blackham Resources (152M$)
7. Medusa Mining (150M$)
Current ASX300 list:
http://www.marketindex.com.au/asx300
List of all companies on the Australian Stock Exchange (ASX) whose value or focus is at least 50% gold or silver:
https://goldnerds.com.au/
S&P ASX 300 additions over the last 2 years have performed strongly into the index rebalance.
There is often a large spike around announcement (10 days prior). Stocks have typically underperformed post addition:
http://www.macquarie.com.au/dafiles...sletter/docs/2012_09/AUQuantAction070912e.pdf
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