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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 31/10/17

1 year TSR5 year TSR
75thPeel Mining153%3%
220thKorab Resources36%-19%
323rdTian Poh Resources18%0%
426thRedbank Copper0%0%
736thRTG Mining-53%0%
726 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

164th↑RTG Mining$333k
165th↑Tian Poh Resources$332k
166th↑Korab Resources$331k
167th↓Redbank Copper$329k
168th↑Peel Mining$319k
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Korab Resources

430thAndrej K Karpinski$327k
1596thRodney Skeet$26k
690thDan Smetana$19k
Ranked by total remuneration from all listed WA companies

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