I think aloxley's post was saying that an approximate 0.86 share...

I think aloxley's post was saying that an approximate 0.86 share price would equate to the approximate market cap required for grr to be included in asx300. This is due to the liquidity requirements, other companies with a higher free float would only need a lower market cap to be included.

However, to needle's post, I haven't done the maths, but I very much doubt the fund managers would need to acquire 100m shares to get the appropriate weighting. That would be over 8% of issued capital, I don't think asx300 index tracker fund managers hold anywhere near 8% of all asx 300 shares, unlikely to even be as high as 1% (without investigating, maybe I'd be surprised). I don't doubt we would get a bit of a bump when (if) we get included, but it won't be that large.

I was kind of hoping it would stay around the low 50's for a few more weeks before the next round of announcements to accumulate a bit more as funds become available. Have to decide now whether to continue accumulating at this higher price, but it is still very good value.