RE: AXS2006 Aug 2025 15:24
'Forrest-backed gold producer set for index inclusion after share price slump.
Greatland Resources, a gold producer backed by the Forrest family, is expected to be added to the S&P/ASX 200 index. This inclusion offers a boost to the miner, whose shares have underperformed since its ASX float. Greatland Resources is a West Australian miner that retains its London listing. The company is focused on discovering and developing world-class gold deposits.
The upcoming quarterly rebalance, set to be announced on September 5 and take effect two weeks later, will see Greatland also join the S&P/ASX 300 and Small Ordinaries indices. Despite an initial surge to $7.80 after floating at $6.60 in June, Greatland’s share price has since fallen by 32 per cent due to reduced production guidance and increased cost warnings.
Morgan Stanley anticipates that Greatland’s inclusion will drive $162.5 million in trades from index-following investors.'
https://www.sharecafe.com.au/2025/08/05/greatland-resources-to-join-asx-200/