Never seen anything like that @OxyBBear - and have a look at this: https://www.marketindex.com.au/asx/klr/announcements/change-of-directors-interest-notice-2A1612313

One director spent a single US$ (yep, $1) to purchase 75,734,441 KLR shares on August 5th via the acquisition (for US$1) of another company called Treasure Unicorn Limited who had a debt relationship with KLR underpinned by shares. It's not too clear, but the notice says that the director purchased Loans totalling $4,599,506.43 owing by Kaili Resources Limited and that he has only paid $1 (US) at this stage to do so, although there is mention of an undisclosed further amount that may be payable, and that apparently entitles him to those 75,734,441 KLR shares, possibly if the loans are not repaid within the agreed timeframe, but the amounts are very strange.

Today's volume traded in KLR, being 726 trades totalling 1,885,340 KLR shares at prices ranging from as low as 4.1 cps ($0.041) up to $3.18/share is mind-blowing considering they closed at $1.08, some +2,900% above Friday's close of $0.036 (3.6 cps). The day high today ($3.18) was 7,656% above the day low (of $0.041), and they did NOT do a share consolidation today, which was my initial guess.

Also, the last trade was @ 3:54:18 PM, so 6 minutes BEFORE the pre-CSPA - and KLR did not participate in the CSPA suggesting that the ASX suspended them from trading at 3:54pm this arvo, and, yes, there was a Pause-in-Trading.PDF announcement at 3:54pm from the ASX for KLR after the ASX had done the same thing earlier today at 12:37pm - after which KLR provided a "nothing to see here" Response-to-ASX-Price-Query.PDF @ 2:06pm.

Some Weird stuff going on over at KLR for sure!!

Disc: Not holding.

This reminds me a lot of Fifth Element Resources from 2014. $0.20 IPO to $7.96 months later on zero new and zero money spent on the moose pasture they listed on. Register full of Chinese people/entities. Was all super suspicious and on the tail end of the heyday of Chinese scam cos listing on western exchanges.

I was wondering if this would get a mention here :)

Also made a showing on SBS business segment tonight.

Yeah just amazing trading activity.

Looks like some of the meme stock / pump & dump activity seen on Wallstreet this past couple of years has started to reach the ASX.

Big End of Town also in the dark on it - but speculation in last night's Street Talk was it was a pump & dump operation.

https://www.afr.com//street-talk/kaili-resources-the-talk-of-the-market-after-8650pc-surge-20250818-p5mnvv?btis 

I saw another article recently mentioning how some of these guys work - usually it's facilitated by Facebook adds (why am I not surprised!) supposedly from reputable investment experts / broking houses. Anyone who clicks in & responds to those adds gets added to an investors WhatsApp group. The group has a few dummy participants who talk up some big opportunity, get everyone excited - and as they start to rise any new investors who've bought start thinking they're onto something - possibly buy more or at the very least hold their shares thinking its a cracker. Obviously the scammers sell their shares & make mint - share price completely collapses & leaves the scammed punters holding the can. They target pure-retail held shares with lowish turnover & no insto presence - so can get outsized movement on relatively low monetary value.

Obviously sucking in relatively unsophisticated or new "investors" - but pretty incredible stuff.

If only I could shoot them a list of some of my penny dreadful dogs in the bottom drawer...! :-)