GXY 1.25% $1.22 galaxy resources limited

They were planning to strip low grade Ore and to upgrade...

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    They were planning to strip low grade Ore and to upgrade circuit.

    They shipped enough product in Q4 for buyers to cover for disruption to regular shipments.

    They didn't have enough product for regular shippments in Q1 because the production and shipments were misaligned as a result of upgrades/stripping.
    So they moved the shippments to June Q instead and buyers will stock up then instead of regular shipment for March Q.

    Hence a lot of product in stock that hasn't been shipped out...

    If they didn't anticipate that circuit upgrade would disrupt production, they wouldn't plan contingency shippments and moved deliveries for June, etc. They'd just keep with regular shipments schedule.
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