Likely ASX 300 Inclusion September, page-7

I think some are mixing up "market cap" with "float adjusted market cap"

If inclusion in the 300 was based on market cap then sure we may be included . . . but sad to say inclusion is not based on market cap.

Inclusion is based on float adjusted market cap . . . and because Shagang locks up almost half the shares, those shares are not included when calculating float adjusted market cap.

So whilst Shagang locks up so many shares it means that the share price will need to increase significantly further before the float adjusted market cap is sufficient to be included in the 300.

I thought aloxley explained this very clearly in his post in May where he actually calculated the SP necessary to raise the float adjusted market cap sufficiently to be included in the 300.

All going the well we may be included in September 2022 . . but no way is it going to happen this September . . . for the added reason that the float adjusted market cap also needs to be held for a period of 6 months prior to inclusion.