Latest news with #KLR
Mint
a day ago
- Business
- Mint
Global market news: 8,700% rally in a day! This little-known Australian stock turns heads with its meteoric jump
Kaili Resources shares: A little-known loss-making Australian firm became the talk of the market when its shares surged dramatically in trade on Monday, prompting the exchange to impose a trading halt. The stock in question is Kaili Resources — a rare earth miner. During the stock market session on Monday, August 18, Kaili Resources shares surged a whopping 8,733% or 88 times to the day's high of $3.18 as against its last closing price of $0.360. To put it in perspective, an investment of around $11,000 would have turned into $1 million in a span of a day in Kaili Resources. Monday's peak also marked the 52-week high for the stock. Meanwhile, its 52-week low stands at $0.0060. In its response to the Australian stock exchange, Kaili's management team suggested the meteoric rise in its share price is likely due to an announcement made by the company on August 15. The company, on August 15, announced receiving approval for drilling in South Australia for rare earth metals. The company said it has announced receiving a drilling program within 3 tenements at Limestone Coast targeting the Loxton/Parilla sands, exploring for rare earth elements. "This announcement may have drawn investors' attention to KLR in view of high interest in critical minerals investment," the company said. The wild rise in Australian mining company Kaili Resources resulted in a trading halt by the exchange at the request of the company itself. "We request that the trading halt be with immediate effect to allow KLR time to respond to ASX queries on the trading of KLR securities on 18 August 2025 and the recent disclosures in respect of KLR on the ASX announcement platform. KLR requests the trading halt until the earlier of responding to ASX queries or commencement of trading on 20 August 2025," the company had said in a letter to the exchanges. As a result, ASX imposed a trading halt and said the trading will resume on Wednesday, 20 August 2025. Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
News.com.au
2 days ago
- Business
- News.com.au
Resources Top 5: Kaili's insane 8000pc Monday burst blows eyebrows clean off ASX heads
A highly unusual trading day for KLR raised more than a few eyebrows MTB is picking up two advanced, high-grade gold projects in WA BCN has returned 10 metres at 69.9g/t gold, including 1m at 593g/t, from Iguana deposit Your standout small cap resources stocks for Monday, August 18, 2025 Kaili Resources (ASX:KLR) A highly unusual trading day, to say the least, for Kaili Resources raised more than a few eyebrows, prompting two trading pauses and a price query from the ASX. At one stage on Monday KLR burst 8000% up the charts, an explosion worthy of a memecoin. After the largely unnoticed junior received approval from South Australia's mining regulator on Friday, August 15, for drilling of its rare earths projects across Lameroo, Karte and Coodalya on the Limestone Coast in the state's southeast and closed at 3.6c, the price hit a staggering $3.18 today. A pause in trading around midday AEST did little to halt the trend as the price continued to soar. This was followed by a response to an ASX price query just after 2pm AEST and another price halt just before the close at $1.08, with shares having dumped 66% of their value from their heady mid-afternoon peak. Late in the day the company fell by around 194% to close at $1.08, which still represented a 2900% increase on the previous close. Less than 2 million shares changed hands, with around $1.8m bucks traded. That's well beyond the paltry 15,858 average over the past four weeks. In response to questions from Stockhead about the highly unusual trading pattern, the ASX said: 'ASX is aware of the trading in Kaili Resources (ASX:KLR). ASX monitors trading on a real time basis throughout the day to identify abnormal trading. 'KLR was issued with a price query and two trading pauses were implemented during the day.' Good enough, we guess, nothing to see here. It marked a temporary windfall for the company's returning chairman Jianzhong Yang, who emerged with over 60% of the company according to a substantial shareholder notice ahead of his reappointment this month. At one point his ~88m shares were worth over $280m. Their value tumbled to $96m by the time the second halt was called. Rough. The only news of late with any market moving potential came last week, when Kaili Resources announced approval to drill some rare earth prospects in South Australia. And the curiosity piled up further with another explorer at the same Liverpool Street address, Ausmon Resources (ASX:AOA), halted after a 150% pop of its own. Pedestian, by today's standards. While the increases were staggering to say the least, another company with REE interests in the same region also pumped higher, somewhat more mildly. Australian Rare Earths (ASX:AR3), which has the advanced Koppamurra REE project in the SA southeast, lifted 14.29% to 16c. At Koppamurra AR3 has outlined a JORC 2012 resource of 236Mt at 748ppm total rare earth oxides. Mount Burgess Mining (ASX:MTB) After striking binding deals to pick up two advanced, high-grade gold projects in WA, with standout drill results including 6m at 64g/t gold, Mount Burgess Mining (ASX:MTB) doubled to a 12-month high of 1.2c. The acquisitions with Metal Hawk (ASX:MHK) and Falcon Metals (ASX:FAL) bring these companies in as major MTB shareholders, with the former also taking a board seat. The Viking gold project is a high-grade gold opportunity 30km east of Norseman in the Albany-Fraser Province with previous intersections including: 6m at 64 g/t Au from 50m; 4m at 15.4 g/t from 40m; 3m at 8.2 g/t from 43m; and 6m at 5.1 g/t from 141m. The Blair North Project is only 25km east of Kalgoorlie in the Eastern Goldfields and is surrounded by established operations and gold deposits. Recent drilling results include: 5.9m at 6.7 g/t Au from 244.4m; 2.5m at 7.4 g/t from 255.4m; 2m at 2.5 g/t Au from 105m; and 6m at 1.6g/t Au from 40m. Drilling approvals are underway, with work expected to kick off in Q4 2025, backed by an oversubscribed $900,000 placement to sophisticated investors at an issue price of 0.7c per share, representing an 18.5% premium to the 10-day VWAP. These projects give the company significant exposure to the strong gold sector, offering substantial exploration upside and setting a clear path forward as an active gold explorer. 'We are delighted to have secured these two exciting West Australian gold projects. We believe this a great result for MTB shareholders as we look forward to realising the potential of these highly prospective and underexplored tenement packages,' MTB executive chairman Steve Lennon said. 'Commencing gold exploration on these projects will be the company's immediate focus as we endeavour to get on the ground and start work as soon as possible. 'The acquisitions are consistent with the company's three-pillar strategic plan released on June 16, 2025, in which the board committed to advancing Kihabe–Nxuu while building the project pipeline through targeted acquisitions and partnerships. 'Today's transactions implement Pillar 3 (Project Pipeline Growth).' Beacon Minerals (ASX:BCN) An impressive 10 metres at 69.9 g/t gold, including 1m at 593 g/t, from Iguana deposit of the Lady Ida project WNW of Kalgoorlie has seen Beacon Minerals (ASX:BCN) reach $2.90, a high of almost 18 years and an increase of 70.1% on the previous close, before closing at $2.30. The results are from the second batch of assays in a stage 2 grade control drilling program, which has identified multiple high-grade zones. Other strong results: 19m at 8.6g/t Au from 16m, including 1m at 28.6g/t from 17m and 1m at 51.2g/t from 24m; 7m at 6.3g/t from 42m, including 1m at 33.5g/t from 47 metres; and 4m at 10.3g/t from 17m, including 1m at 32.50g/t from 19. 'These are fantastic results from the first 116 holes with four intercepts greater than 100 g/t, 17 intercepts greater than 20 g/t and 107 intercepts greater than 5 g/t,' executive chairman and MD Graham McGarry said. 'Therefore, our confidence and excitement at Iguana continues to grow as we prepare for first production early next year.' Trigg Minerals (ASX:TMG) Trigg Minerals (ASX:TMG) increased 17.2% to 11c on volume of more than 69m after acquiring 20 patented mining claims in Utah's Antimony Canyon. These new claims, which expand and enhance TMG's Antimony Canyon project and include full surface rights, come as the company seeks to tap into US government and Department of Defense interest in domestic antimony production. The patented claims protect Trigg from federal land policy changes and give it full freedom to design, construct and position processing facilities, waste storage and other infrastructure. Trigg acquired the new claims in return for US$1.9m, payable in staged tranches. They cover about 375 acres, expanding the existing Antimony Canyon project. Trigg Minerals managing director Andre Booyzen said taking ownership of the 20 new mining claims was a transformative step. 'We now control not only the mineral rights but also the land surface, giving us the ability to advance exploration and development without the delays and allow the company to aggressively pursue its near-term pilot-scale mining ambitions,' he said. Sunrise Energy Metals (ASX:SRL) Positive newsflow in the past few months from the Syerston scandium project in Central West NSW has seen Sunrise Energy Metals (ASX:SRL) attract attention with shares lifting 28.31% to $1.70, a high of two years. While there has been no material news this month for SRL, which has Ivanhoe Mines doyen and mining billionaire Robert Friedland as its non-executive co-chair, the company is well placed to serve growing Western demand for the critical metal. The Syerston project hosts one of the world's largest and highest-grade scandium deposits. A feasibility study was completed in August 2016, supported by extensive piloting, metallurgical test work and engineering and this is being updated. Positive results of up to 16m at 869ppm Sc from 6m late last month point to more potential. 'The continuity of high-grade scandium mineralisation from this step-out campaign, which remains open in multiple directions, will allow us to target flexible, low-cost mining operations within multiple areas of our Mining Lease,' SRL MD Sam Riggall said.
News18
25-07-2025
- Sport
- News18
Viral Picture Of KL Rahul Consoling Karun Nair After He Was 'Dropped For 4th Test' Is FAKE
Karun Nair played in the first three matches of the Anderson-Tendulkar Trophy, but he could only manage to score a total of 131 runs. Karun Nair only managed to score a total of 131 runs in the first three matches of the Anderson-Tendulkar Trophy, after which he was dropped from the playing XI for the fourth India-England Test, which is taking place at Old Trafford in Manchester. In Nair's place, Indian team management opted to play Sai Sudharsan, and the left-handed batter from Tamil Nadu top-scored in the first innings by making 61 runs from 151 balls. Ahead of the start of the third day's play in Manchester, a picture of Karun Nair breaking down is going viral on the internet. The viral picture shows Nair crying and KL Rahul comforting him. — 🏏 (@Crickaith) July 23, 2025 I feel very bad to see Karun Nair crying like this. I wish the team management would give him another chance to prove himself. 💔🥺 — KLR (@KLRNation1) July 24, 2025 Then Ravi Ashwin, Now Karun Nair 🥹💔 #INDvsEND #ENGvIND #Rishabhpant???? #KarunNair — CineCrick (@Cinecrik) July 25, 2025 Many fans on X claimed that Nair was heartbroken after getting dropped from the team. But the claim is FAKE. The picture that is going viral on the internet is from the third India-England Test, which was played at Lord's from June 10 to 14, and not from Manchester. In the background of the picture, one can clearly see the iconic Lord's balcony. Forgetful series for Nair Nair earned his place in the Indian team after more than eight years due to his super show with the bat in the 2024-25 Ranji Trophy and Vijay Hazare Trophy season. But the right-handed batter from Karnataka failed to do much in the first three Tests against England. In the first innings of the first Test played in Leeds from June 20 to 24, he got out for a four-ball duck after coming out to bat at No. 6, and in the second innings, he scored 20 runs from 54 balls. In the second and third Tests, Nair got a chance to bat at No. 3, but he could only manage to register scores of 31, 26, 40, and 14 runs. Rahul in red-hot form The ongoing series between India and England is turning out to be a memorable one for KL Rahul. The 33-year-old right-handed batter has played in all four matches and, with the help of two centuries and one fifty, has amassed a total of 421 runs in seven innings. KL Rahul, who became the second Indian opener to score 1000 Test runs in England on Wednesday (July 23), scored 46 runs in the first innings of the ongoing fourth Test in Manchester. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Star
07-07-2025
- Business
- The Star
Unpacking the legacy in plantation names
IN Malaysia's early plantation days, life was tough, but creativity flourished. While latex and fresh fruit bunch flowed, so did amusing stories behind estate names. More than a formality, naming was an art, full of humour and quirky charm. These tales remain a delightful part of the plantation heritage. Let's take a stroll down memory lane and discover how inventive those names truly were. Tennamaram Estate It's been 108 years since Malaysia's first commercial oil palms were planted at Tennamaram in Batang Berjuntai (now Bestari Jaya), Selangor. In 1911, inspired by oil palm development in Sumatra, Frenchman Henri Fauconnier brought seeds to his coffee estate, and by 1917, Tennamaram became the nation's pioneering oil palm estate. Now here's the twist: 'Tennamaram' comes from the Tamil words 'tennam maram', meaning coconut tree. Why name an oil palm estate after coconuts? Apparently, Tamil workers mistook the young palms for coconut trees, giving the estate its 'coconutty' name. The actual Tamil for oil palm is 'sempanai maram' or 'enney panai', so the estate's name was based on a botanical blunder. And so, Malaysia's oil palm legacy – serious business with global impact – was born from a linguistic mix-up. Bangsar In 1906, the London-based Kuala Lumpur Rubber Co Ltd (KLR) was founded to plant rubber around Kuala Lumpur, driven by rising demand for tyres as motorcars replaced horse – drawn carriages. Veteran planter M R Chandran, who once worked with Socfin, fondly recalled KLR's Belgian and French founders – Edouard Bunge and Alfred Grisar – who left a lasting mark on the region's agricultural landscape. Back then, naming the estate was a no-brainer for Bunge and Grisar: they simply merged their surnames. Thus, Bunge-Grisar was born. But 'Bunge-Grisar' didn't roll off the tongue for local workers under the Malayan sun. Over time, it was shortened to 'Bungsar'. As the plantation made way for city life, the name got a final polish – becoming 'Bangsar'. Thankfully for today's branding, B came before G – otherwise we would be living in Sarbang. What began as a humble rubber estate under Socfin eventually morphed into the buzzing suburb. Yam Seng Estate Here's a cheerful tale from The Planter by D B Gardner about how a rubber estate in Larut, Perak came to be named Yam Seng – the Cantonese toast meaning 'Cheers!' At the turn of the century, an Irishman – rare among the mostly English and Scots planters – was managing the only Irish-registered rubber company operating in Malaya. When his company acquired land from a local Chinese towkay, tradition called for a handover celebration. The chairman threw a party, complete with rounds of brandy. As spirits soared, so did the shouts of 'Yam Seng!' from the Chinese guests. When the time came to name the estate, the official turned to the Irishman, who, perhaps buoyed by both cultural warmth and brandy, simply raised his glass and declared, 'Yam Seng!' Applause followed. And just like that, Yam Seng Estate was born. Fittingly, 'Yam Seng' also means 'Drink to Victory', a perfect tribute to the estate's hopes for prosperity, success and unity. Today, the name celebrates more than a good cheer – it honours a unique blend of Irish wit, Chinese tradition and the shared toast to progress. MOBE Estate Here's another classic from The Planter about MOBE – a rubber estate named after a frustrated Englishman's sarcastic outburst. Estate rules required a giant signboard listing the estate name. After refusing to register a name and facing repossession, he gave in with that cheeky acronym for his outburst 'My Own Bloody Estate' – and it stuck. MOBE remains a legendary blend of British sarcasm and colonial red tape – with a wink. Nordanal and Lanadron Estates In Panchor, Johor, a clever plantation owner made waves not just with rubber but with naming flair. His estate, Nordanal, sounded grand and mysterious. When he bought a neighbouring plot, He kept it simple – just reversed the original name. And so, Lanadron was born. Workers laughed, 'Did Tuan just flip the name?' But the strategy caught on. Today, both estate names remain as cheeky reminders that sometimes, the smartest move is just flipping the script. Jeroco and Trushidup Let's head to Sabah, where plantation names blend branding genius with local flair. First, Jeroco – a name that sounds like a masked superhero but is actually a clever acronym coined by Hap Seng Plantations in Lahad Datu. No, it's not biblical Jericho with crumbling walls and trumpets. This is Jeroco –practical and all about tropical crops. The name fuses four key ones: JE for Jelutong, R for Rattan, O for Oil Palm and CO for Cocoa. A compact showcase of agro-diversity! Of course, not all crops are created equal. Over time, only oil palm proved unstoppable – efficient, productive and needing fewer resources than its plant cousins. It's the last crop standing. Then there's Trushidup of Genting Plantations Bhd . Sounds like a mythical forest where nothing dies – and in a way, it is. A poetic spin on Terus Hidup (Malay for 'live on'), it evokes images of ever-flourishing palms swaying with eternal purpose. Immortality, estate-style. Excellent Challenger 1 and 2 Back when I was in IJM Plantations Bhd, now KLK, there were two estates in Sugut named Excellent Challenger 1 and 2 – grand names that stuck from day one. Naturally, we shortened them to EC1 and EC2, which, in true Malaysian fashion, became 'Easy-one' and 'Easy-two'. But don't be fooled by the breezy nicknames. These estates sat near the Sugut River, and during the early days, heavy rains regularly turned them into giant ponds. Plantation life was anything but 'Easy', though 'Challenger' felt very accurate. And if battling floods wasn't enough, the rising waters brought more than fish. Yes, there were crocodiles too. So along with tending to the crops, we had to watch the riverbanks. A true test of nerves – and definitely not so 'easy too' after all. As plantation ownership changed over time, many colonial-era names were replaced – taking with them small pieces of our past. But were those changes necessary? Rather than erasing history, we might learn from it and move forward. Shakespeare asked, 'What's in a name?' But on plantations, names were more than labels. They carried wit, sentiment and history – whether as acronyms, tributes or clever wordplay. Some planters also named estates after places or people from home, turning distant memories into emotional anchors in unfamiliar lands. Joseph Tek Choon Yee is the past president of the Malaysian Estate Owners Association and former chief executive of the Malaysian Palm Oil Association. The views expressed here are the writer's own.
Yahoo
07-03-2025
- Business
- Yahoo
Keller Group Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag
Revenue: UK£2.99b (flat on FY 2023). Net income: UK£142.3m (up 59% from FY 2023). Profit margin: 4.8% (up from 3.0% in FY 2023). EPS: UK£1.97 (up from UK£1.23 in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 12%. The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of UK£1.61b (54% of total revenue). Notably, cost of sales worth UK£2.57b amounted to 86% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£214.4m (79% of total expenses). Explore how KLR's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Construction industry in the United Kingdom. Performance of the British Construction industry. The company's shares are up 4.6% from a week ago. Keller Group's financial results now indicate the company's shares could present an opportunity based on 6 important indicators. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
