The rule for any public company which produces gold, oil, gas whatever SHOULD be to always under promise and over deliver.
This news wouldn't be so bad if it was a mine in Ontario Canada. But this is the Congo where BAA is already looked at as a very very risky investment, where in a heartbeat the government, the people etc...can make this company disappear tomorrow.
Anyways just peeved about the "OVER promise and UNDER-deliver" of the recent PR's, but I'll get over it.
I'd blame the communication between the technical personel that built namoya. I know how it is, designers, production, operations etc...not commuicating effectively with each other. CEO and vice presidents rely on these professionals to get this right, or at least close to right. How do you come up with a plan, with a basis of a specific capacity and then undersize all the equipment with not one department catching this etc....how do you not know your inlet conditions "finer material was much higher than the plant can process?" how can you build a plant from ground up without actually knowing your inlet design conditions? I can see operational issues with the interconnecting process but if you don't know what the hell is going into your plant your not going to get the remainder of the process correct.
I'm still holding all my shares until next year but pretty dissapointed
