GXY 0.00% $5.28 galaxy resources limited

Ann: Quarterly Report - March 2019, page-252

  1. 777 Posts.
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    If this is true, why do we have 30kt sitting in Qube storage at Esperance? Do you suppose we were only able to produce 15kt for the first part of the qtr, were unable to fulfill shipments and then, boom! Flipped the script and smashed out 30kt in the remaining time?
    Furthermore, if we had failed to fulfill our customers' requirements (which, I think, we all agree would be very bad for customer relations), do you really think they would turn around and say, "yeah no worries, just hold that 30kt you've smashed out in record time after letting us down, simply make it up to us in the second half of the year with double-sized shipments"?
    Nah mate, the only explanation that actually makes sense is what has been suggested by others here that our customers are in the process of upgrading capacity (ie, demand for GXY product) and requested that shipments be pushed back to the second half when their operations are ready again.
    Happily for me and any other accumulators, this is too complex for the market, and obviously many HC posters, to comprehend.
 
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