Simple answer, price discovery, I'd make the suggestion that IMU already had/ha s a lot of 'risk' previously 'priced-in' so, even considering the latest geopolitical developments, and the ASX trajectory today specifically, algos/bots and/or punters see an 'mispriced_upside' in IMU...
Don't think much else is influencing tbh, could be wrong, personally hoping IMU still has some actual 'latent-prosperity' in the tank, staking a long-held ~A$120K position on it...
From an ex-Viraalytics (ASX:VLA) holder, patience is 'the' virtue...
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