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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 31/03/16

1 year TSR5 year TSR
335thKorab Resources0%-30%
647thCarnavale Resources-55%-39%
690thVital Metals-69%-36%
753rdCaeneus Minerals-93%-75%
759 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

25/06/15
$600k Issued
30/06/14
$1k Bought
04/06/14
$1k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

308th↓Korab Resources$51k
309th↑Caeneus Minerals$50k
311th↑Carnavale Resources$47k
312th↓Vital Metals$47k
535 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Korab Resources

490thAndrej K Karpinski$327k
1880thRodney Skeet$26k
1932ndDaniel Smetana$19k
Ranked by total remuneration from all listed WA companies

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