Replies to post #470 on Gulf Resources, Inc

[Yompkee]

GFRE sells all their bromine in China, but the companies that buy it produce for the world, hence the tie in to the global economy.

What we are seeing is people who got in for the NASDAQ listing getting out. Real valuation will take place once they announce earnings in a couple of weeks, everything before that is just play time.

[Stream205]

Jeffries comment:



"The bromine market’s prospects are tied to the global economy, Laurence Alexander, a New York-based basic materials analyst at Jefferies & Co., said in a telephone interview."



Correct me if I am wrong but China is importing bromine to cover their needs.

As long as the world economy continues to pick up then import prices will continue to rise.........causing GFREs prices to also increase.

I THINK thats what he meant.

Regardless, investors in GFRE are in the cat birds seat right now.