Happy Days are definitely here but it will be up to us for the moment.
ASX200 is not going to happen all that soon.
The ASX300 and ASX200 is designed to be as non-volatile as possible so you have to bust in cleanly and stay in both for a while.
Perhaps next year - and I say that as someone that isn't phased by letting the cobwebs grow thick over my sell button for this one.
I think for the moment forget about ASX200 - we'd probably need to be getting on towards $3.00.
ASX300 and All Ordinaries are possible sooner though we may miss out on being high enough for the ASX300 September's rebalance. Most likely and a virtual certainty is entering the All Ords in March 2017.
We're a bit of a victim of our low 311m dilution. Its a blessing for EPS but means our MC takes a bit more work to get it into the big league. Amazing progress for this though - the article in Motley Fool the other day highlighted GMM's rise outperforming absolutely everything in the last 12 months, including all the hyped milk shares etc.
There are funds already taking positions and the main thing right now is easy - just hold these suckers and buy as many as you can. There is only one way this SP is going and when we finally hit the major indices we will be in great shape to take full advantage of those extra surges when we really need them.
GMM Price at posting:
64.0¢ Sentiment: Buy Disclosure: Held
