The interesting this is that if GRY does get dropped from the...

The interesting this is that if GRY does get dropped from the ASX200, and its market cap falls, it would become more attractive to a predator- if there is one. A predator is not going to care if GRY is in an index or not, because GRY would be privatised or become part of a bigger fish anyway in the event of a takeover.

Moving into developer status is a rotten part of the mining life cycle for so many companies. GRY is now 50% below its capital raising price.