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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 28/02/17

1 year TSR5 year TSR
248thPacific Bauxite71%-12%
277thEcho Resources58%22%
345thHorseshoe Metals37%-39%
705thKorab Resources-44%-28%
694 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

29/11/16
$46k Bought
25/06/15
$600k Issued
30/06/14
$1k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

208th↓Korab Resources$221k
222nd↑MRL Corporation$179k
223rd↓Pacific Bauxite$170k
225th↑Echo Resources$167k
226th↑Horseshoe Metals$166k
502 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Korab Resources

478thAndrej K Karpinski$327k
1794thRodney Skeet$26k
767thDan Smetana$19k
Ranked by total remuneration from all listed WA companies

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