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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 29/07/16

1 year TSR5 year TSR
173rdTerrain Minerals100%-13%
539thGeopacific Resources-17%-21%
600thKorab Resources-29%-36%
604thSpectrum Rare Earths-31%-48%
617thRam Resources-33%-62%
777 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
327th↓Spectrum Rare Earths$32k
328th↑Terrain Minerals$31k
330th↓Geopacific Resources$31k
331st↓Ram Resources$30k
526 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Korab Resources

449thAndrej K Karpinski$327k
1777thRodney Skeet$26k
757thDan Smetana$19k
Ranked by total remuneration from all listed WA companies

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