Gulf Resources, Inc

[~MulaGreen~]

GoingUpRoaringEventually to 5+.Ea the Dipper$...

RoboTrader$ are Set for the next Rampage towards another iDay High.

^$

[Sibware]

GURE: PM News of the day WeeeeGO...

[MONEYMADE]

************THERE IS ALSO A $2M STOCK-REPURCHASE-PLAN*************

Gulf Resources Announces $2 Million Share Repurchase Program
Gulf Resources, Inc.
November 17, 2014 8:30 AM
GlobeNewswire

SHOUGUANG, China, Nov. 17, 2014 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that the Company's Board of Directors has approved a new share repurchase program under which the Company is authorized, but not obligated, to purchase up to $2 million of its issued and outstanding shares of common stock from time to time over the next 12 months at the price of less than $1.2 per share which is $0.2 higher than the last announced share repurchase program back in 2013. The timing and amount of any repurchase will depend on market conditions, the trading price, and other factors. Such repurchases will be subject to, and executed in compliance with, applicable laws and regulations. The share repurchase program may be suspended, modified or discontinued at any time. The share repurchase program will be funded with the Company's available working capital. Currently the Company is under its normal operation and does not possess any material non-public information.

Mr. Xiaobin Liu, the Chief Executive Officer of the Company, commented, "The Company's management team, together with its board of directors, believes that the share repurchase program is in the best interest of the Company and its shareholders. Given our solid market leadership position, strong track record of business expansion, healthy balance sheet and future growth expansion opportunity, we believe that our stock is deeply undervalued. Our share repurchase program demonstrates the management's commitment to enhance shareholders value. We are confident about the Company's future growth."

About Gulf Resources, Inc.

Gulf Resources, Inc. operates through two wholly-owned subsidiaries, Shouguang City Haoyuan Chemical Company Limited ("SCHC") and Shouguang Yuxin Chemical Industry Co., Limited ("SYCI"). The Company believes that it is one of the largest producers of bromine in China. Elemental bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture. Through SYCI, the Company manufactures chemical products utilized in a variety of applications, including oil & gas field explorations and as papermaking chemical agents. For more information, visit www.gulfresourcesinc.com.

Forward-Looking Statements

Certain statements in this news release contain forward-looking information about Gulf Resources and its subsidiaries business and products within the meaning of Rule 175 under the Securities Act of 1933, as amended and Rule 3b-6 under the Securities Exchange Act of 1934 as amended, and are subject to the safe harbor created by those rules. The actual results may differ materially depending on a number of risk factors including, but not limited to, the general economic and business conditions in the PRC, future product development and production capabilities, shipments to end customers, market acceptance of new and existing products, additional competition from existing and new competitors for bromine and other oilfield and power production chemicals, changes in technology, the ability to make future bromine asset purchases, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this cautionary statement and the risks factors detailed in the Company's reports filed with the Securities and Exchange Commission. Gulf Resources undertakes no duty to revise or update any of its disclosure.


Contact:
Gulf Resources, Inc.
Web: http://www.gulfresourcesinc.com
CEO Assistant & Director of Investor Relations
Helen Xu
[e-mail]
IR Manager
Max Ma
[e-mail]

[surfer44]

GURE: Gulf Resources Announced Finding Of Natural Gas Resources Under Its Bromine Well In Sichuan Area

http://ih.advfn.com/p.php?pid=nmona&article=65296364

[Penny Roger$]

Repurchase program is getting some buzz here. http://finance.yahoo.com/q/h?s=GURE+Headlines

[Popcorncharts]

WARNING ! Illigal Dump and Pump ! Bilanz fraud no Money ! WARNING ! CHINA JUNK ! Warning !

[realfast95]

recent weakness is because competitor ALB guided lower on 12/18

"We have experienced a slower than expected quarter due to weaker than expected demand for flame retardants and more cautious working capital management by customers across a number of our critical product lines,"

http://finance.yahoo.com/echarts?s=ALB+Interactive#symbol=alb;range=5d;compare=gure;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

[realfast95]

bromine prices up 10% in the last month

http://www.sunsirs.com/uk/prodetail-643.html

[realfast95]

class action should be near closure
link

http://securities.stanford.edu/1046/GFRE00_01/

The last day to file a claim was October 21st.

http://www.strategicclaims.net/sites/default/files/GulfResources_NoticeClaimForm.pdf

No. 11-cv-3722 ODW (MRWx)

[Marketwise]

Of course the company will need a resolution to the current litigation; one that is in its favor before the pps moves anywhere near that 5 area.

[Marketwise]

I would definitely be very pleased with anything close to that - near term. Perhaps well beyond that target by mid spring. Who knows? Somewhat of a high risk play, but the vast majority of Chinese stocks are.

[JD400]

Over the years I've learned not to invest long in China companies
and just day trade them now.

But that's just me, others have done fine so they say.

me , burned 90% of the time so I quit.

I think they play dumb Americonos like me.

[stockamaniac]

The pump didn't even last 5 minutes today.

I wonder if it will take another 2 years before it reaches $3 again?

[rollison]

premarket is always a headfake i hope it stays positive or goes positive to 3.10 again or more and then goes back down for you if your short. GLTY

[rollison]

9/10 your right,but i would like to sell around 3 today then the stock can go back to 1 or what ever.

[stockamaniac]

pump n dump. Did the same thing ~2 years ago, which was the last time it made it back to $3. Same thing as then - all predictions of the big run-up. Of course nothing happened back then and it quickly dropped back to $1.

Watch as history repeats itself again.

[rollison]

im not sure but i do know i rode this thing up to 3.10 and right back down to 2.47 so it better pop to 3.10 in the am or im gonna be pretty up set. im not sure whats going on with the stock. could be a pump and dump i have no idea i just want to make some quick cash. and im only up 7 cent now was up alot at 2.75s-3.10s

[michaeldouglas]

All day long blocks of 100 are being sold at the bid. Look at the trade history. Someone familiar with this pattern please respond if that is the Company selling shares or is that the MM's?

[michaeldouglas]

All day long blocks of 100 are being sold at the bid. Look at the trade history. Someone familiar with this pattern please respond if that is the Company selling shares or is that the MM's?

[rollison]

gure, really, 2.45??? really lets stop the head fakes ok?.. close over 2.65 is what were looking for not 2.40

[rollison]

$2.65 very key level has hit and stuck at that price all day need to close above that IMO Real key level is $2.50 we have to hold that. Lets all get together and pump the mess out of this until it hits 5.50 then ill sell...P&D or not Stock is going up. TOMMY LIKIE!

[rollison]

OH YEA$ holding over night, yea its crazy, for that dollar morning pop!!!

[JD400]

She's Rolling Rollison Big Day Here :~)$(~:

Must of got that 3.9 mill GLTA

Gulf Resources to Receive Compensation for Factory No. 3's Relocation

SHANDONG, China, Sep 26, 2013 (GLOBE NEWSWIRE via COMTEX) -- Gulf Resources, Inc. GURE +56.67% ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that Shouguang City Haoyuan Chemical Ltd. Co., a wholly-owned subsidiary of the Company, has signed a compensation agreement with Dong Ying City Transportation Bureau and the local government of Liuhu Township, Dongying City, Shandong Province for costs related to the relocation of the Company's Factory No. 3 on September 25, 2013.

Pursuant to the construction arrangements for Deda railway, the land of where the Company's bromine Factory No.3 located need to be requisitioned, and the relevant production and supporting facilities over the land need to be demolished. The company will build a new factory in its mining area and the useful plants and machineries from the original factory will be relocated to the new location.

The Dong Ying City Transportation Bureau and the local government of Liuhu township, Dongying City have agreed to compensate the company with RMB 23,824,452.5 (approximately USD 3.9 million) for the Factory No. 3's relocation expenses and maintenance cost. The Company expects that the new Factory No. 3 will be in operation within three to six months.

[rollison]

gure looking goos hoping for 5$$ tomorrow!

[lady glueck]

this will be interesting tdy, transcript from CC:
Thank you, Mr. Liu. I’m going to continue with (inaudible) the company’s results for Q2 2012 on behalf of Mr. Liu, the company’s CEO. The company’s net revenue was $32,853,896 for the three-month period ended June 30, 2013, an increase of approximately $1.5 million as compared to the same period in 2012 which (inaudible) 5%. This increase was primarily due to the growth in our chemical products segment’s products, which increased from $9,995,759 for the three-month period ended June 30, 2012, to $11,750,644 for the same period in 2013; an increase of approximately 18%.

Revenue from the crude salt segment decreased from $3,779,658 for the three-month period ended June 30, 2012, to $3,629,976 for the same period in 2013, a decrease of approximately 4%. Revenue from the bromine products segment slightly decreased from approximately $7.5 million for the three-month period ended June 30, 2012, to approximately $7.5 million for the same period in 2013, a decrease of approximately 0.4%.

Gross profit was $9,539,695 or 29% of net revenue for the three-month period ended June 30, 2013, compared to $9,925,195 or 32% of net revenue for the same period in 2012. The decrease in gross profit percentage was primarily due to the drop in the margin percentage of bromine and the crude salt segment.

The total research and development costs incurred for the three-month periods ended June 30, 2013 and 2012 were $54,480 and $62,526 respectively, a decrease of 13%. Research and development costs for the three-month period ended June 30, 2013 and 2012 (inaudible) raw materials (inaudible) chemicals for use in the manufacturing routines.

General and administrative expenses were $4,422,452 for the three-month period ended June 30, 2013, an increase of 77% as compared to the $1,317,866 for the same period in 2012. Income from operations was $7,778,775 for the three-month period ended June 30, 2013, a decrease of approximately 3% of income from operations from the same period in 2012. And our operating income was $287,127 for the three-month period ended June 30, 2013, which is dependent firstly on the sales of wastewater to some of our customers in the amount of $116,035 and a sum of $171,092 for legal fees incurred in 2012. By the way we received the insurance compensation in 2013.

Other income net of $25,846 (inaudible) banking share income net of capitalized interest expense for the three-month period ended June 30, 2013. Net income was $5,355,899 for the three-month period ended June 30, 2013, a decrease of approximately 6% as compared to the same period in 2012. This decrease was mainly due to the non-cash expense related to stock options which was granted to employees recognized in the three-month period ended June 30, 2013.

Income taxes were $2.05 million for Q2 2013, an increase of 4% from $1.98 million for Q2 2012. The company’s effective tax rate was 28% and 26% for the three-month period ended June 30, 2013 and 2012 respectively.

The six-month period ended June 30, 2013 results: net revenue for the six-month period ended June 30, 2013, were $55,356,476 representing an increase of approximately 0.6% over the same period in 2012. Gross profit was $40,110,803 or 25% of net revenue for the six-month period ended June 30, 2013, compared to $16,617,987 or 30% of net revenue for the same period in 2012.

Income from operations was $9,984,223 for the six-month period ended June 30, 2013, a decrease of approximately 18% over income from operations for the same period in 2012. Net income was $7.2 million or $0.19 per basic and diluted share compared to $9.0 million or $0.26 per basic and diluted share respectively for the same period in 2012.

As of June 30, 2013, the company’s balance sheet has cash of $86.4 million, total liabilities of $14.4 million and stockholders’ equity of $277.1 million. As of June 30, 2013, the company had working capital of $119.9 million. As of June 30, 2013, the company has generated $20.7 million in cash flow from operations and used around $0.6 million cash for the prepayment of land leases.

[ryan44]

damn

[ryan44]

yeah I don't know much as to why the pop. earnings should be soon is only thing or speculation on future. may be sorry but sold mine today 1.44

[stocktalkpa]

I've had this for a long time. I usually trade it once a year.

[ryan44]

hit 1.33 today so far

[realfast95]

from YMB--- From: Zachary Halper
To: SHINYSILVERCOIN
Cc: "Rosen, Laurence"
Sent: Thursday, June 20, 2013 12:14 PM
Subject: RE: Gulf Resources Lawsuit - Question

The preliminary approval of settlement motion was denied by the court. We will make the necessary changes ordered by the court and resubmit the motion for preliminary approval. The Court will hear the motion on August 5, 2013. If the motion is approved, you will receive claim forms in the mail. They will also be available on our website.

With Regards,

Zachary Halper
The Rosen Law Firm
275 Madison Ave., 34th Floor
New York, N.Y. 10016

[gustavito]

Sorry, I could explain that demand has conra gure, thank you very much

[realfast95]

They had settled the lawsuit, awaiting court approval.

The Bromine price is still low.

[gustavito]

It has some important news or is only one price accommodations

[gustavito]

very bad balance, you see the future of gure

[gustavito]

very bad balance, you see the future of gure

[realfast95]

GURE - earnings
•Revenue was $22.5 million, a year-over-year decrease of 5%
•Gross profit was $4.5 million, a year-over-year decrease of 33%
•Gross margin decreased to 20 % as compared to 28% in the first quarter of 2012
•Income from operations was $2.6 million as compared to $4.6 million in the first quarter of 2012
•Operating margin was 12% compared to 19% for the first quarter of 2012
•Net income was $1.9 million or $0.05 per basic and diluted share, versus $3.3 million, or $0.10 per basic and diluted share a year ago, respectively.
•Cash totaled $78.5 million as of March 31, 2013
------------------------------------------------------
Subsequent Events
On April 18, 2013 the Company announced that its board of directors has approved a new share repurchase program under which the Company is authorized, but not obligated, to purchase up to $2 million of its issued and outstanding shares of common stock from time to time over the next 12 months. Please refer to the link http://finance.yahoo.com/news/gulf-resources-announces-2-million-123000718.html for further details
On April 30, 2013, the class action parties of the class action litigation executed a stipulation and agreement of settlement. The proposed settlement is subject to review and approval of the Court. The Company currently cannot estimate the amount or range of the overall costs in connection with this litigation. The Company believes that such costs will be reimbursed by the insurance company to the extent covered by the insurance policies.
---------------------------------
Outlook
... we should also see that the selling price of bromine has increased to $3,053 per tonne during this quarter, as compared to $2,954 per tonne in the fourth quarter in 2012. We believe that this indicates an increasing demand of bromine from the downstream industrial customers. Therefore, we are confidence that we can achieve the earning targets set forth in the financial guidance announced in January this year," said Mr. Xiaobin Liu, CEO of the Company

[gustavito]

This paper is a mummy, not moving

[realfast95]

GURE - Fourth Quarter 2012 Highlights
•Revenue was $22.0 million, a year-over-year decrease of 27.8%
•Gross profit was $4.2 million, a year-over-year decrease of 59.5%
•Gross margin decreased to 19.1% from 34.1% for the fourth quarter of 2011
•Income from operations was $2.6 million as compared to $1.9 million in the fourth quarter of 2011
•Operating margin was 12.0% compared to 6.2% for the fourth quarter of 2011
•Net income was $1.9 million or $0.05 per basic and diluted share, versus $1.0 million, or $0.03 per basic and diluted share a year ago, a year-over-year increase of 90%


Business Outlook
According to the economic statistic and market observations for the first quarter in 2013, we believe that the economic condition is recovering at a low pace as we previously predicted. As the increase in industrial activities leads to more market demand for our segment products, the market price of bromine also reached 20,000RMB in the beginning of March 2013. Although the uncertainties of economic policies and the rising cost of labor and materials will continue to bring challenges to our operation, we are confident that we can achieve the earning targets set forth in the financial guidance announced in January this year.

[gustavito]

This company when filing balance, is alive, is in no activity for lowering

[realfast95]

implies revenue of 14.195 for Q4

[realfast95]

Gulf Resources Provides 2013 Fiscal Year Financial Guidance

Gulf Resources, Inc. (Nasdaq:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced financial guidance for fiscal year 2013.

Due to the influence of the European debt crisis and the slowdown in the domestic economy, the Company has not been able to meet its previously announced earnings forecast set forth in the Company's 2012 financial guidance. As the market demand driven by the economy condition continues to fall, the bromine sales price experienced significant decline over the year, which adversely affected the Company's operating performance.

"Due to the impact of the decrease in market demand driven by the worsen economic condition, the average selling price of price had declined to as low as RMB18,500 per tonne in September, which was significantly lower than the estimated lower range of RMB23,150 per tonne in the Company's 2012 financial guidance. Despite the fact that we have implemented a series of cost-saving and control measures throughout the year to overcome the tough operating environment, such low bromine price level still resulted in a decrease of approximately 15% in our performance in fiscal 2012, as compared to the previously announced earnings forecasts."

Mr. Liu, the CEO of the Company continues, "We expect that in the year 2013, stimulus plans to be issued as a result of the replacement of the top officials in China's central government will stimulate the weak economic environment. We believe the average selling price of bromide in the year 2013 will further increase and drive our business performance to grow at least 30% year on year basis."
Based on the current business outlook and the anticipated bromine price levels, the Company forecasts its total revenue and net income to record approximately $122.8 million and $18.7 million, respectively, in fiscal year 2013.

[realfast95]

once the legal proceedings are resolved, it should make a big move.

from last 10Q

The Company and certain of its officers and directors (Ming Yang, Xiaobin Liu, and Min Li, collectively, the “Individual Defendants”) have been named as defendants in a putative securities class action lawsuit alleging violations of the federal securities laws. That action, which is now captioned Lewy, et al. v. Gulf Resources, Inc., et al. , No. 11-cv-3722 ODW (MRWx), was filed on April 29, 2011 in the United States District Court for the Central District of California. The lead plaintiffs, who seek to represent a class of all purchasers and acquirers of the Company’s common stock between March 16, 2009 and April 26, 2011 inclusive, filed an amended complaint on September 12, 2011. Lead plaintiffs assert claims for violations of Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. The amended complaint alleges the defendants made false or misleading statements in the Company’s Annual Reports on Form 10-K for the years ended December 31, 2008, 2009, and 2010, and in interim quarterly reports by, among other things, overstating revenue and net income and failing to disclose material related party transactions and certain facts about the CEO’s prior employment at another company. The amended complaint also asserts claims against the Individual Defendants for violations of Section 20(a) of the Securities Exchange Act of 1934. The amended complaint seeks damages in an unspecified amount. The Company filed a motion to dismiss the amended complaint. On May 15, 2012, the Court denied the Company’s motion to dismiss the amended complaint. On July 31, 2012, the Court issued a Scheduling and Case Management Order pursuant to which the parties were ordered to begin discovery, among other things. The Company intends to defend vigorously against the lawsuit. The Company currently cannot estimate the amount or range of possible losses from this litigation.

[fortuna]

GURE 1.21 50ma is at 1.23, keeping a watch on it.

[realfast95]

Item 3.02 Unregistered Sales of Equity Securities

On December 18, 2012, pursuant to an Asset Purchase Agreement which was entered into on November 26, 2012 by and among Gulf Resources, Inc. (the “Company”), Shouguang City Haoyuan Chemical Company Limited, a wholly owned subsidiary of the Company, Chengyong Zhao, a resident of the People’s Republic of China (the “Seller”), the Company completed its acquisition of all right, title and interest in and to all assets owned by the Seller utilized in the production of bromine, located at Guantai Village, Shouguang City Yangkou Township, including without limitation, machinery, equipment and inventory, and all warranties associated therewith, for a total purchase price of RMB62,000,000, of which RMB31,000,000 was paid in cash and RMB31,000,000 was paid through the issuance of 3,806,728 shares of Company’s common stock, par value 0.0005. The shares were issued to the Sellers on December 18, 2012 in accordance with Section 4(2) and Regulation S promulgated under the Securities Act of 1933, as amended.?

[realfast95]

..Albemarle to increase prices of clear brine fluids
Press Release: Albemarle Corporation – Mon, Dec 17, 2012 9:00 AM
ALB 61.79

......
BATON ROUGE, La., Dec. 17, 2012 /PRNewswire/ -- Albemarle Corporation (ALB), a global developer, manufacturer and marketer of highly engineered specialty chemicals, announced today that it will increase global prices for its line of WELLBROM® clear brine fluids by 15%. The price increases are effective immediately, or as contracts allow, on the following products:

•WELLBROM® sodium bromide fluid
•WELLBROM® calcium bromide fluid
•WELLBROM® zinc bromide/calcium bromide fluid
Albemarle's clear brine fluids are part of the company's Performance Chemicals division within the Fine Chemistry business segment. These products provide high value in oilfield, clean energy, water treatment and other applications.

[ryan44]

oh well, not much here. maybe next time

[realfast95]

Response from GURE IR

the following notes is what I just sent to a few investors regarding the response from the management and now I forward it to you and hope you could fine what you looking for. And as we are short staffed in recent days due to business trip for me and maternity leave for some other staff, the company decided not issue a press as we used to, however you are always welcomed to let us know if we could be of any help and we will get back to you as soon as we can.

The management responed that they believed the adding to the capacity will benefit the company in the long run, specially when the economy is reaching almost the bottom and likely to turn booming next year from their point of view and therefore it might gradually require more production capacity to cope with the growth of the economy in the future. And secondly, there are many attractive assets outthere in the market, mostly in terms of the assets' price due to the economy condition, including the one we acquired and disclosed in the lastest 8K. Therefore the management believe the acquisition enabled the company to benefit from current market condition. Dispite the undervalued share prices, the company have to issue shares for half of the consideration to secure the deal as it was required by the asset seller, or otherwise end up with way higher quote in 100% cash, or might even lose the deal in stead. The management totally understand how it might impact our shareholders and they wish to let investors know that they've done their best in negociation and overall the asset is still worth buying given the two main reasons setforth above despite the issurance of shares.

Please let me know if you have any further inquiry. Thanks

Max

[ryan44]

somebody bought a whole bunch of this in the last half hour of trading. couldn't find any news. last i saw was asset purchase agreement on the 28th of nov. which caused the drop to 1.08. now this. thanks for your reply. im in at 1.13 and 1.25. let's see what happens. played this before when it ran to 1.76. good luck with your trades realfast95

[realfast95]

American company ALB has been getting a lot of love by the analysts including Jeffries today and Goldman last week.

[ryan44]

anybody know whats up here? up 20%