This is a direct result of the slow ramp up of Haile and the poor production in Q2 as a function of these "commissioning problems". The market is pricing in the fact that these problems may be deeper than management is currently saying. Haile must show a steady improvement in Q3 and all this will be forgotten; if the current production trend continues the SP will go lower. The reasons given by management for poor production are disappointing as they relate to poor design, but if these reasons are true then they are easily rectifiable and we will see a dramatic improvement in Q4. If other problems arise, or management is hiding the current facts then we are all in for a rough ride. I choose to believe them so I've bought some more stock in the last 2 days......
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