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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 28/04/17

1 year TSR5 year TSR
75thAcacia Coal200%0%
333rdTaruga Gold18%-57%
335thSheffield Resources18%3%
590thGlobe Metals & Mining-22%-37%
735thKorab Resources-58%-33%
707 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

04/05/17
$3k Issued
04/05/17
$394k Issued
04/05/17
$2k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

206th↑Korab Resources$221k
227th-Acacia Coal$160k
228th↑Taruga Gold$155k
230th↓Sheffield Resources$150k
231st↑Globe Metals & Mining$148k
494 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Korab Resources

467thAndrej K Karpinski$327k
1743rdRodney Skeet$26k
747thDan Smetana$19k
Ranked by total remuneration from all listed WA companies

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