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Korab threatens legal action against HotCopper

Korab Resources boss Andrej Karpinski has threatened legal action against online stock market discussion site HotCopper over a report sent to the forum’s members.

HotCopper managing director Gred D’Arcy said today he had received warning from Korab’s lawyers regarding possible legal action in WA’s Supreme Court over the report, which detailed legal action being taken by Mr Karpinski against Korab shareholders.

Mr Karpinski is seeking damages for defamation he claims he suffered as a result of criticism posted on HotCopper.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/03/17

1 year TSR5 year TSR
61stBuxton Resources262%12%
116thAcacia Coal150%-7%
287thEcho Resources46%24%
693rdTaruga Gold-37%-60%
737thKorab Resources-53%-31%
706 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

29/11/16
$46k Bought
25/06/15
$600k Issued
30/06/14
$1k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

206th↑Korab Resources$221k
223rd↑Echo Resources$167k
225th↑Buxton Resources$165k
227th-Acacia Coal$160k
228th↑Taruga Gold$155k
503 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Korab Resources

473rdAndrej K Karpinski$327k
1776thRodney Skeet$26k
759thDan Smetana$19k
Ranked by total remuneration from all listed WA companies

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