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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 31/08/16

1 year TSR5 year TSR
16thMount Burgess Mining771%-25%
59thStone Resources Australia300%-32%
174thAdx Energy100%-44%
588thKorab Resources-19%-32%
684thTNG-44%5%
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

305th↓Korab Resources$51k
369th↓TNG$6k
370th↑Stone Resources Australia$6k
372nd↓Adx Energy$6k
373rd↓Mount Burgess Mining$5k
523 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Korab Resources

440thAndrej K Karpinski$327k
1750thRodney Skeet$26k
743rdDan Smetana$19k
Ranked by total remuneration from all listed WA companies

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