As mentioned previously in a post. I was a shareholder in Sons Of Gwalia. This co. seemed to be travelling well then all of a sudden it folded.
Court action has been long running (about four years) for shareholders to be treated as equals to creditors. I just checked on the delisted website. It seems that shareholders ended up with 12 cents in the dollar.
I doubt any shareholder in Copperco is going to get any similar return back. In any case it is going to be a long fight to get anything back.
I am peeved with the management of Copperco, I am peeved with ASIC as they will do not much, I am peeved with ASX because they will do not much about the insider trading. The regulators are about as forceful as my labradoodles.
My advice would be take the capital loss, dont put all your eggs in one basket and move on.
CUO
copperco limited
