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Gulf Resources, Inc. (OTCBB: GFRE)

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novice - member
20 posts

Gulf Resources Announces Agreement to Supply Custom Papermaking Chemicals to Largest Privately Owned Producer of Coated Art Paper in China


News on July 8, 2008

Agreement with Longteng Industrial & Trading Co. Expands Gulf's Revenue Growth Initiatives in Major Specialty Chemical Markets

NEW YORK & SHANDONG PROVINCE, China--(BUSINESS WIRE)--Gulf Resources, Inc. (OTCBB: GFRE - News), a leading producer of bromine, crude salt and specialty chemicals in China, today announced that its specialty chemicals subsidiary has signed an agreement with Longteng Industrial & Trading Co. to supply a variety of custom produced chemicals for use in the manufacturing of high quality paper products. The agreement is Gulf's first with Longteng Industrial & Trading Co., the largest privately owned coated art paper producer in China.

http://www.gulfresourcesco.com/News-T.asp?id=165

novice - member
20 posts

just found it's first quater's results:

---Revenues Increased 118% to $21.9 million
-- Net Income Increased 140% to $6.1 million
-- EPS Doubled to $0.06 per diluted share

rookie - member
3 posts

quite interesting company knew that it's the leading bromine producer in China

novice - member
17 posts

Looks Like It Needs To Get Back Over 1.50 Before The Rally Starts...

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Any contemplated acquisition is expected to be incremental?
Expect HUGE volume and up nicely…
novice - member
20 posts

Real comfortable…once volume flow or not soon there will be huge volume……

novice - member
19 posts

Investsource, Pinnacle Digest, Benchmarkjournal or Bellwetherreport.com???

Hmmm... Who is going to blow out of their position first?

rookie - member
3 posts

it's the good opportunity to buy this stock now. see it will start up recently

rookie - member
2 posts

$6 million net income for Q1, I expected it to have more than 20% growth in its 2nd Quarter...let's see

novice - member
20 posts

Why would you be worried, it is a great sign that Gulf went up with a huge volume. We view GFRE shares as attractively valued relative to three-year revenue and earnings.

Dear Mary, it must be a growth 2nd Quarter...

novice - member
20 posts

GULF RESOURCES INC(OTC BB: GFRE)>> Focus its P/E ratio! It's .3's which drive your attempt of investment reward!!

rookie - member
2 posts

The single trading volume of GFRE was quite large during the price of $0.6, with the average volume in tens of thousands, even hundreds of thousands. It’s obviously that the price was fixed, seems a large number of funds will be involved which intend to absorb bargain.

rookie - member
2 posts

I don't know what to say about the P/E stuff. Well, right, if you are a long term investor and knowing this stock has good expectation in future, the P/E is gotta very important to you.

For me, I have to say this company's performance is no-doubt terrific no matter in its market environment or growth trend. The price is fluctuating recently because of possible bankers' operations in which trying to suppress down the price for buy-in and private investor's hesitation or less confidence due to banker's move.

Now, peopel are waiting and looking for bottom to cut in. But I have to say that, that's almost impossible to be just like that. Price at 0.55 has gone, only left to you is looking at the range then decide to go in.

Pirce range between 0.60 to 0.75 shall be optimistic, the bankers will not break that range because it will cost more to win back people's confidence, make their arbitrage behavior meaningless.

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