I agree that some of our correspondents have over-stated the...

I agree that some of our correspondents have over-stated the ASX300 inclusion likelihood.

Although your understanding of market-cap requirements are a little bit inaccurate, I've highlighted the point where SFG would fit based on today's constituents and market caps.

The problem isn't SFG's market cap - it's the company's relative liquidity.  We're not quite liquid enough for inclusion - if you've read the listing criteria the relative liquidity requirements are almost more important than the market cap.  Our average weighted market cap was too low for September inclusion, but our volume of trades were even worse.  If we maintain around our current valuations were on track to move us into March's rebalancing, if we keep volume up above say 1-1.5 million a day. Of course, our volumes are trending down again.

^this graph is volume from March to September - as you can see, March, April, May things were not really traded until late May, then things went quite again until the end of July - we need to keep our volumes up if we're going to get included in the index.