In case anyone has been watching... maybe I'm the only one......

In case anyone has been watching... maybe I'm the only one... Panoramic has been going up and up and up.  Initially I just thought it was pending drilling results and/or the expectation of higher nickel prices.... But I think I've clicked as to what it is

ASX Index rebalancing for all indexes is announced this week!!! All ordinaries is only done once a year, and ASX300 is six monthly.

Panoramic Resources got dropped from everything index wise in March last year... the market cap was down to something like 70 million in November 2013, and they were dropped from the ASX300 and even the ASX All Ordinaries.  Interestingly... Westpac broking's cr@p research info still shows it in both indexes... but you can see it was dropped in the announcement on 07/03/14

So... With a market cap of $202 million now... that guarantees us back into the All Ordinaries... and many fund managers HAVE to buy it whereas previously they were not allowed to.

I looked at our market liquidity over the past 12 months... I think we will easily qualify for the ASX300 index again as well.. so same thing... more funds will have to buy

So... me thinks... there you have it. Rejoining ASX All Ordinaries, AND ASX300 this week

Hence the buying continues with bugger all sellers wanting to sell.  I think we will pop over 70 by the end of the week, and who knows what by the rebalance activation on the 20th.... I believe the announcment will be out this friday the 6th March

As a footnote... a warning for others in stocks that are not doing too well.  Dont under-estimate the power these things do... I been caught in a couple of stocks removed from indexes over the years that were dropped... and its wasnt that pretty.