At the end of the day, it would appear that the workforce have lost their jobs, and are owed wages and superannuation. This will have a material negative impact on the local and regional economy in the Tablelands, and this is multiplied by Auctus (Mungana/King Vol) also going into administration.
It would appear that shareholders have lost their investment (again) - yes, fool me once, fool me twice etc. It will be interesting to see where this all ends up (ongoing Auctus legal action) - will CSD go into administration again (who knows)
CSD Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held