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 30/09/16

1 year TSR5 year TSR
80thKingston Resources233%-17%
95thEmpire Resources209%-14%
228thTruscott Mining Corporation67%-20%
629thKorab Resources-29%-35%
774 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$600k Issued
$1k Bought
$1k Bought
Total value as at the date of the transaction
Source: Morningstar


210th↑Truscott Mining Corporation$228k
211th↑Kingston Resources$222k
212th↓Korab Resources$221k
213th↑Empire Resources$216k
519 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Korab Resources

458thAndrej K Karpinski$327k
1835thRodney Skeet$26k
766thDan Smetana$19k
Ranked by total remuneration from all listed WA companies

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