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$gure..pressure building here as $1.47 continue to fall...
$gure...above average volume..with price on the rise..looks like $1.50 test coming this afternoon...
Volume the last couple of days has been above normal. I like the fact that we get some buying it holds then we get more buying, slow and steady rise, which has increased over the last few trading days.
$gure...$1.47 continue to fall..
$gure...$1.47 getting crushed...$1.50 test on deck...
$gure...only scraps left to $1.50...then the real vol and fun begins...
That will come and more soon enough. Company said 1-2 months to get some of the other mines open, so I am hoping sometime mid May if not earlier. I expect share price to continue up as we get closer to this.
$gure..agreed..excellent news coming it appears from your dd...looking for $1.50 eod..
I expect this run to continue as we see more mines open up and the. We start to see profits again.
I mean they already hold just under $4 a share in cash.
And let’s not forget about natural gas well which should be ramping up to full capacity soon and then hopefully more wells to follow.
$gure...loaded $1.43...fast approaching 52 week high...
Yes I don’t think many know about GURE, it will be a steady climb north, most like that quick hike.
Yes sir! And after waiting two years I can definitely wait to make good profit when the revs kick in. Well, at least you and I will make money! Pretty quiet here lol!
Good to see that they issued a PR announcing start of production, now time for the company to start making money again.
This will be a slow steady riser from now on and will probably go up for quite sometime as more mines get approved and begin producing and we start to see the company become profitable again.
Yes it’s a start and finally cash generating again at a much higher bromine price.
Good news today, 2 of the bromine sites are reopening. Company starts making money again.
Agreed. And from CC they seemed to think re-open could happen sometime in the next month. Looking fwd to news soon.
Yes just waiting on those Bromine sites to reopen, once that happens we should see a quick rise in share price.
I'm entering. Too low of a price, with too much upside to ignore! Time is right for me.
I liked this quote a lot from the 3.15 10k:
"We believe our core businesses are expected to have higher margins than they had in the past. We expect to have acquisition opportunities. We expect our company may emerge from the difficult period stronger and more profitable than before."
Listened to conference call, it was indicated that they hope to have approvals for bromine mines sometime towards end of March early April.
Somebody wanted some shares in a hurry and GURE are not to good at keeping things quiet, let’s hope we here about those bromine licenses soon.
Oh wow, yeah it's alive! Something up...??
Good to see some sudden volume show up, been waiting for this to push past the 1.09
'Good ole GURE', they should be able to make a statement this ER.
The ER numbers are of course known to have zero revenue and NNWC loss - sure.
4Q18 and 1Q19 will have zero and now hope is that 2Q19 will be the first quarter having sales again. Thumbs pressed.
Well let’s hope we see news re Bromine licenses approved and production started, company did state they hoped to have this done by end of 1 Q 2019.
Missed Insider Option Activity
- 2018-08-23 0.30M @ $1.454 = $0.436M
- 2018-12-04 1.25M @ $0.713 = $0.891M
- .... Total 1.55M @ $0.856 = $1.327M
So at least they are loaded for a recovery, good :)
3Q18 Financials & Progress Update + Chart
Updated blog entries, see below.
Bromine price is up.
Production start soon: NatGas this month and Bromine 1Q19,
whereby Bromine plants shall be completed early 1Q19, governmental approval right thereafter and production until end of 1Q19.
Company has $148.27M or $3.15/sh end of 2018 Net-Net-Working Capital (NNWC) positive balance sheet.
Production outlook, non-GAAP:
- 2019 EPS $0.56 and
- 2020 $0.60 w/ Chemicals.
Fibo holding bounce and break $1.07 24% fibo, 2nd time a charm on progress?
Overview and Events https://finesand.wordpress.com/2018/07/10/gulf-resources-gure-a-quick-outline/
Financials and Projection https://finesand.wordpress.com/2018/08/09/gulf-resources-gure-value/
Events marked in chart are as follows:
On 2017-07-10 company disclosed Temporary Suspension of Production at its First Natural Gas Well in Sichuan Province (DCHC), the natural gas did not meet the expected quality standards. The basic issue is that the water content in the natural gas is too high.
On 2017-09-07 company disclosed that on 2017-09-01 bromine production has been suspended (SCHC) for rectification and improvement in order to meet the new environmental rules in China.
On 2017-11-30 company disclosed that on 2017-11-24 a notification has been received to relocate the chemical factories of its SYCI subsidiary to a newly designated chemical industrial park as part of the rectification and improvement in order to meet the new safety production and environmental rules in China.
On 2018-07-05 company company disclosed another delay for chemical and bromine production, see below.
On 2018-08-27 a flooding took place in the whole region, see article 1 and article-2.
On 2018-09-26 company finally disclosed the impact of the flood repair, since a regional flood destroyed significant infrastructure – also that 3 of 10 Bromine plants has been shutdown!
It's dropping down to 0.89. Any thought?
Yes I’m long term.
GURE are you holding still
Updated financials and production outlook with latest state.
(from SeaOfSand)
- 2019 EPS $0.56 possible w/ current high bromine prices, despite low RMB.
- NNWC End of 2018 around $2.97/sh
- https://finesand.wordpress.com/2018/08/09/gulf-resources-gure-value/
- https://finesand.wordpress.com/2018/07/10/gulf-resources-gure-a-quick-outline/
From the last $5.04M tax-return, I like the fact that the audited US auditor does check GURE's books.
So there is that, regarding solid book data here. Now waiting for the Chemical Fab to kick off these days.
20dma to break finally.
Looks like GURE has paid to much tax.
Should be.
Although we know they have a lot to pay out they sit on over $4 per share in cash with assets and cash at about $7 per share.
The spike in volume could be a precursor to news.
What news? Earning on 11/12
I bought yesterday after it pulled back on seeing that volume. I have been watching for a sudden spike in volume as in China I find that people are not so tight lipped about good or bad news.
I agree. We saw what can happen in a moment's notice. I wonder how much of this action yesterday was by insiders who know what's coming or tut's who can also see the signs. Either way, it was encouraging. I hope to buy today if my other sell clears!
I am expecting news any day, with this increase in volume.
about time indeed.
Chem Fab kick off within 4Q18 and Br production hopefully beginning with 2019 - maybe gov OK earlier.
Volatile within range, but more bought shares than sold later on, that's for sure.
Interesting up in volume today
Hibernation Uptrend Mode (o8>
Stock is now in low volume hibernation uptrend move, which is quite hilarious considering the heavy US/China Trade War issues and other CN stock volatility.
Good so far.
Well, with this volume it is hard to buy low and hard to sell high right now anyways. So let's see when company makes progress and grants us news. Days, Weeks or Months? Nobody knows. (o8>
2Q18 ER & CC Value Update
Value: https://finesand.wordpress.com/2018/08/09/gulf-resources-gure-value/
Overview & Updates: https://finesand.wordpress.com/2018/07/10/gulf-resources-gure-a-quick-outline/
2Q18 ER CC: https://finesand.wordpress.com/2018/08/13/gulf-resources-gure-2q18-earnings-call/
Value Update & More
Value: https://finesand.wordpress.com/2018/08/09/gulf-resources-gure-value/
(see spreadsheet below or in blog)
At $1.22/sh, GURE is currently traded at only 28% of $4.32/sh NNWC (Net-Net-Working-Capital or Liquidation) value or @ 43% of $2.83/sh NNWC value post max $100M rectification costs, insanely cheap especially since bromine production is expected to restart in just days or weeks.
Since 2011 inclusive GURE has not received a sector typical multiple evaluation, even though the annual cash flow is obviously superb and company performing very profitable. Starting with only $5.69M cash in 2017, company increased its cash position to $236.72M end of 1Q18, a 4060% increase!
Bromine Production Restart
As known and detailed in first article, the production restart only depends mostly on government approval – paperwork only.
To confirm this, we have reached an office worker of GURE on the phone, who is involved in the bromine process, here are our notes from the conversation with said man
- In all matters GURE got the best evaluation and their request is on top of the stash of the gov for replies
- He has no doubts and expects they get all remaining paperwork approvals – no additional work/fix required
- He was in a good mood and proud of the progress
- He didn’t like to give an expected timeline for approval, but when pressed he was like ‘before end of year’ then later ‘within 2 months or so’
- He said that since spring festival (Feb/Mar) around, they were producing until the shutdown
These are good news, confirming our research and interpretation from a GURE person. Of course, they can’t definitely tell when the provincial government gives the approval, but having received best evaluation of their work and making good progress is helping.
+++
Road to Recovery: https://finesand.wordpress.com/2018/08/07/gulf-resources-gure-where-are-we/
Quick Outline: https://finesand.wordpress.com/2018/07/10/gulf-resources-gure-a-quick-outline/
+++
ER 8/13 BMO; $2 EPS in 2020 and remaining $3/sh net asset value after all rectification costs.
Road to Recovery: https://finesand.wordpress.com/2018/08/07/gulf-resources-gure-where-are-we/
Quick Outline: https://finesand.wordpress.com/2018/07/10/gulf-resources-gure-a-quick-outline/
Thanks, I'll take a look. I definitely like the potential.
both has been discussed indeed, see last CCs.
However, priority is to finish the rectifications first.
They mentioned in last ER CC that at least one (insider?) investor likes to buy shares, timing unknown - but looks like the time is quite good now
They came a long way already: Rebuild chemical factory is done and the environmental issues solved on all Bromine plants.
SH value will be achieved simply by picking up production again (Bromine, Chemical Factory and NatGas) - so they will reach a $1 EPS again, see my blog entry. SP will adjust eventually, easy.
/01
I agree, great potential. My question is whether or not they have sufficient access to investors who will drive the price up? Or will they offer a buyback? What, in other words, will actually bring shareholders value? I don't think they offer a dividend, right?
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Business Summary |
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Gulf Resources, Inc., together with its subsidiaries, manufactures and trades in bromine and crude salt products in the People?s Republic of China. It operates in three segments: Bromine, Crude Salt, and Chemical Products. The Bromine segment provides bromine used in brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants; and bromine compounds for industry and agriculture, as well as to form intermediates in organic synthesis. The Crude Salt segment offers crude salt for chemical, food and beverage, and other industries. The Chemical Products segment manufactures and sells chemical products, such as hydroxyl guar gums, demulsified agents, corrosion inhibitors for acidizing, bactericides, chelants, iron ion stabilizers, clay stabilizing agents, flocculants agents, remaining agents, bromopropane, additive products, solid lubricants, polyether lubricants, benzaldehyde dibromide, chlorantraniliprole, and expanding agents for oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents, and inorganic chemicals. The company is also involved in the research and development of commonly used chemical products, as well as medicine intermediates. Gulf Resources, Inc. is headquartered in Shouguang, the People's Republic of China.
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