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Here we go! Anyone else enjoying this party??
Compared to 2018, last year looked stellar! Looking forward to huge positive results for 2020
Finally, reverse split in effect, compliance should soon follow, and hopefully good news sends this back to where value returns.
They still need the $1 share price to comply
There was another vote on 12/18/2019.
The NEWS was on 12/19/2019.
Yes, looks like we’re back and I also missed a good buy. What’s up with the RS? I thought that was coming in December. I was waiting to buy back in after that but haven’t heard any news.
Great NEWS today. Heading back UP!!
Going to add a ton more tomorrow AM. Wish I knew about this last week. Better late than never.
Yes just waiting now on news of the other mines opening up and then the company starting to generate cash again. Steady climb up from here as news continues.
Good move. I want to, but decided to put new funds elsewhere. Still watching this daily and hoping I can add soon. Should be nothing but up from here, imo, in due time.
Added some today after this pullback, could get news re opening of other mines any day now.
Again more buying volume today
$gure...when $1.50 hits...volume will pick up plenty...
Been doing this a lot recently, buys then pause, buys then pause
$gure...$1.47...no sellers insight...bidders will be chasing soon...
$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?
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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.
Shares Outstanding: | 38.73M |
Float: | 25.33M |
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