Gulf Resources, Inc. (NASDAQ:GURE) Q3 2023 Earnings Call Transcript

And with shares right now at an all-time low, that would instantly double, triple, quadruple times five the market value. So, I think you guys do a good job running the business. But if you want to bring back shareholder value, I think you need not just look at it from economic standpoint, but from the shareholder standpoint as well. And it is good for you. You guys could pay you guys’ self in stock at $8 a share. I mean, this stock would skyrocket, if you guys bought back 2 million shares, which at this price you could do easily. So, thank you.

Helen Xu: [Foreign Language]. Okay. John, thank you very much. We will consider about your suggestion. And by the way, we just want to say, that’s because bromine raw material is a very dangerous material during transportation, so there might be some partial requirements from the government policy when we want to export. But anyway, we will do more research on these projects, and see if we can do this.

Unidentified Analyst : Awesome. Yes, I understand it might be more expensive. But again, maybe even if you lose some money, it could really boost the stock price. Thank you.

Helen Xu: Yes.

Unidentified Analyst : I have one more question. Would you, on this hypothetical would the company right now we are valued so low compared to our worth? Would the company think about take like say $15, $20 a share, obviously hypothetical?

Helen Xu: What do you mean $20 or $15 per share?

Unidentified Analyst: Would you consider a buyout at $15 or $20 a share?

Helen Xu: You mean that’s for private or sell the company for what out?

Unidentified Analyst: Yes. If someone bought it for $15 to $20 a share, yes.

Helen Xu: [Foreign Language]. No. We don’t think about this currently.

Unidentified Analyst: And then I have one more question. The flooding, the big flood that happened so was that I think 2018, that caused the $40 million damage? If that were to happen again under the new flood plan. What would your estimates, would you think, how much cost would that cost the company if a very similar typhoon hit, after your provisions?

Helen Xu: [Foreign Language]. So, if, like, the similar typhoon as year 2018 again, after all this provision project. We think the cost for us to get everything down again it will be very few. Maybe around $3 million to $5 million we can finish all of the retirement.

Unidentified Analyst: That’s really good if that’s true. So that makes the plan seem a lot better.

Operator: The next question comes from Randy Liggett, Private Investor.

Unidentified Analyst: I’m afraid, I’m not going to be as nice as the first you guys, I mean this conference call sounds like the same one we’ve heard for last 10 to 15 conference calls. And I mean you just, it doesn’t sound like management has taken to heart one idea that investors have brought to them. Okay, the flood prevention plan, that’s fine. But we haven’t looked at advisors to help the company. Management’s fine with the bromide facilities and remediation of the facilities and all that stuff. They cannot and have shown they cannot enhance shareholder value. If anything, look at the price of the stock. I don’t understand the stubbornness why we will not higher advisors to help management get through this. And it’s just an anomaly to me.

I would think you guys would want to get pay. We would like to get paid and for heaven’s sake, if somebody offers, as John mentioned, $15 to $20 a share sign on the dotted line. This has been going on for how many years. And this is all fine dandy, but we keep pro. And I mean, we just talk about the same old stuff every conference call. And it’s like management does not listen to one thing investors are just throwing out there for ideas. I mean, look at it, look at where the stock closed down. I mean, $1.50 and I haven’t even done the math on the reverse split. I’m sure somebody on here probably knows that. But when is management going to wake up and listen to a few things that we are suggesting, go hire an advisor, please. I mean, I don’t know what else to say.

Also, where do we stand in negotiations with the local government on this gas, natural gas we’ve been talking about for how many years now? I mean, I can’t count the years. I’m going to be dead before all I’m joking when I say that, but I hope not because I mean the value is there and it’s like we don’t do anything. That’s what I’d like to hear about.

Helen Xu: [Foreign Language]. Okay. Hi, Andy. Thanks very much for your comments. And we want to say that, we have been always thinking about our shareholders, and how to reward our shareholders. At the beginning or maybe like last quarter, previous quarters, we were thinking that because we have many production lines, we wanted to have all our production lines to be like a more online or finished, then we can talk to IR firm to see how they can give us idea based on our ideal business model. And in order to help our investors increase our shares, as of now, based on — comments and based on the current situation, we may sync this in other one. And we will go to talk — consider going to talk with the algorithm to see based on what we can do now. Hopefully, you can help us to do more promotion and to increase the awareness of the company and the increase our rewards to our shareholders.