We'll be waiting 9 months because they only update the All-Ords...

We'll be waiting 9 months because they only update the All-Ords once a year, in March. We may be able to sneak in to the ASX300 before being included in the All-Ords; anything over $400M would make IMA a contender in the September review, depending on liquidity and free float, so we'd need a share price of 41c.

Also, when the rebalance comes it's not just a matter of having a higher market cap than the 500th security on the All Ords, there's also the queue of non-All ords securities waiting to get in. In practice, about 50-80 securities will move in an out in the re-balance. That said, by my count IMA is sitting at about #470 at the moment.