Hard to be sure. Couple of theories. Remember the register is pretty tight and market cap remains v low. Could be both;
1. Reopening - hiring, movements, international/immigration, inflation in pay are all in positive direction which should be good for IGN. After 2 years of negative/neutral.
2. IGN is sitting on untapped potential due to underwhelming management vs a very broad and strong revenue generation capability. This is not unnoticed and makes it interesting for PE / large private investors to get hold of some volume with which they can engineer some renewal or in anticipation of some corporate action/renewal. OCI is just one who might be interested. I'm surprised Gold Tiger have not agitated for change more strongly.
IGN Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
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