Someone has probably been reading the Cambodian news (Khmer Rouge Times) and seen that over 30 gold mines have been shut down in Cambodia in the last month, as a result of the mining water poisoning case that recently killed 13 villagers in Kratie.
This is going to be a long and protracted problem, and no new mines are going to be granted for years.
This has also become a huge election issue in this years Cambodian elections. And if the environmental parties win, then you can forget mining altogether for many (many) years.
I expect that someone has just reviewed their level of risk and decided it's too great for them at the moment in Cambodia.
https://www.khmertimeskh.com/50496723/chong-phlas-miners-ordered-to-shutdown/
https://www.khmertimeskh.com/50494978/authorities-shutter-illegal-mines/
Nothing is going to happen in Cambodia before elections, anyone who thinks so, has never studied the history and politics of the country.
I expect this is why EMR has seen all the buyers disappear. Similar to RED.
EMR may have to also shelve plans for a couple of years and pursue exploration projects in other countries, or back in Australia (like RED have done) for a while.
Gw
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Last
$4.02 |
Change
0.010(0.25%) |
Mkt cap ! $2.637B |
Open | High | Low | Value | Volume |
$4.10 | $4.14 | $3.98 | $6.405M | 1.584M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 26117 | $4.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.02 | 19932 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5039 | 3.980 |
4 | 11776 | 3.970 |
3 | 20014 | 3.960 |
4 | 17912 | 3.950 |
1 | 1964 | 3.940 |
Price($) | Vol. | No. |
---|---|---|
4.020 | 19932 | 4 |
4.030 | 8410 | 3 |
4.040 | 6910 | 2 |
4.050 | 16450 | 3 |
4.060 | 1964 | 1 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
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