EMR 0.86% $3.46 emerald resources nl

Now call me stupid but??????, page-64

  1. 2 Posts.
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    I think not.
    Prospective financiers for the Project are likely to be extremely cautiousof investing in Cambodia. Cambodia is an autocracy with a ruler who canchange the terms of any contract as he decides.For example, Chevron exiting Cambodia after the 'government' reneged on its original deal. https://www.rigzone.com/news/oil_gas/a/33888/chevron_unit_to_drill_10_more_oil_gas_wells_in_cambodia/https://www.rigzone.com/news/oil_gas/a/134898/offshore_block_a_provides_buzz_to_cambodias_petroleum_industry/?all=hg2 http://sea-globe.com/cambodia-oil/Depending upon who is in power in Cambodia, any contract can be unilaterally altered at any time.Another interesting example is the selling off of previously decreed Nature Reserves.http://www.licadho-cambodia.org/land_concessions/maps/map-overview-small.jpgLikely creditors would likely be asking themselves if it was wise to do businessin a country with a track record of selling out its own people and changing the goal postswhen big money is to be made.
 
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