Q4 2019 Earnings Call

Greetings and welcome to the Gulf Resources, 29 to annual and fourth quarter earnings Conference call. At this time up to spin certainly listen only mode.

Sure as recession will follow before we'll present teacher.

Did you watch it apart Obligors system for the conference. Please press Star Zero Wonder telephone keypad.

As a reminder, this conference is being recorded its my pleasure to introduce how they ship. Please go ahead.

Thank you all right good morning.

No actually because they need to yes, Oh those of you sell John Yes, I'm trying to.

So we like to welcome all appear to GAAP results here.

So what's called like our 19th Arnie Conference call My name, Scotland the Actavis.

Our CEO of the company Mr. Sheldon you. It's also John.

Called that out the ultimate translation focused comment for the company Upwake any doubts skills and appeal in section.

I'd like to be largely due to Oh I'll get to know that these calls so I can mention might be during these calls that contains forward looking information about golf himself. He can corporation.

Except CTO sees me and of course that.

We need a Nielsen due on December five under Securities Act, Nike Cookie suites, and no she'd be best.

No debt Securities Exchange Act Nike free.

Actually objects to the [laughter] created by doesn't go.

Actually it before some don't discuss today.

Taking into account number off that's correct.

Thank goodness that now could you speak to the Gen likes all make and the business can be Shange high.

Field trip, but that's for development and production capabilities.

Thanks to the casino.

Well I keep accepting of Neil.

He can put that.

I mean should not come back to show some exciting new competition from the bombing and I don't always viewed.

Car production chemicals.

Andrew Technology.

It seems to make future gone outside I think the wheel sets that's beyond its control.

Oh forward looking statements.

Gretchen Cody Slach, India and purchase cycle cautionary statement.

The good catch the killed like a company called Saudis agencies.

Golfie Falcons assumes no obligation to revise or update.

These forward looking statements.

Great that's either a structural conti alky appeared to be cool.

Accordingly outcome would be expecting show me protection in goes forward looking statements I agree.

And.

Yes, it can be no assurance Oh, sorry.

Yes, it could be correct.

Yes, I do wish him undergrad starts to come its future performance be crazy the benchmark as she me as opposed to pay.

Oh, it's cool.

[laughter] cells in Turkey.

No. It's also you are able to late into the incredible Uh huh.

A replay will be available for 14 days at the Companys website <unk>.

Oh, Oh successful so the websites and they need.

Let's go out that's right.

Yes, well paid out scratching if im sure.

Because of it.

Hi, so actually month.

So of course, that's on a quarterly numbers.

But more on the progress the company pardon me.

It should be good store outcompete with coffee could Phoenix.

So does it start the call today with some comments from the company's C O the Shelby Neil.

Yes.

Oh.

[noise] Honda.

That's what are your its yet we're not guy so once you.

First of all true, but no chill Lumpier I'll go through the soil comes huh.

In teaching them Guy can cool.

No one component doesn't go board.

Sure I phone apples and I'm sure Muffins huh.

Sorry.

Touching your goal. So you will tell you that somebody doesnt bother why shouldn't that high from.

Well my slow there so sure but they also you have more go so that's a huge what else political.

Being gosh it sounds huh.

Okay. Thank you.

Some of your view for two months ago, we'd like to close outs that takes hold rectification on their conference program to improve like Oh My.

That's a complete some.

Pitching work, we were able to open I'm also on the of course selfishly Pete.

The company was hit by the second the most used truck prices in China.

Oh upsets me keep what flabby. So the company again have to me because I haven't seen I began operation.

Good luck.

Oh go until four were not right. We've got to handle that that would you, possibly quantify you all told them again huh.

Tim go no go yes.

Dongen comes on but it's always encourage them to show [laughter] teaching bond dumping bloody oshie.

Oh push it to fool you had called out Lumpiness is yep.

Oh, so the one thing that's what we'll do it imports you.

Well, maybe you are no doubt Josh also talk to you and how you are down but she also top 10, that's 18 crisis lessons have been Jones Act Shocker, yet crusher.

Oh, yes, sometimes.

Oh, absolutely be worse industrials without the cargo sure look on idle.

Ben It sounds like you know how about protecting the environment you give me the win per month.

<unk> is at its worst.

I see the comp no Oh that can you keep hold true.

I'd say, we're getting ready to be okay.

Called me, probably Nike academic false the government Sweetie Peck closure.

Right, Okay, the problems seem to be tied to the company.

Oh control, Oh, well I'm, a cool south technique.

So like correct. That's trial, so it's actually even next campaigns.

And then we'll begin commercial production during the next month.

Okay, Let me take about Oh, he does we need three factories.

Well I don't think what a great I sit there haven't been tier two heart that now we are to hide them.

Good day that so.

That's a function of continuing to it's not going to title.

Well, there, but I can do.

Well you are not even a glut.

'cause out what somebody ally.

It's awfully hard to talk to going you're going to get wouldn't your dock and brought up to do it.

The company had to be CE approval to begin contraction Oh chemicals actually I think that's itself at the beginning next month.

Okay can you speak about getting commission.

To get the Black 15, seeking club deals natural gas these trends.

Become quite opportunistic about the future no I would tend to calls that you're calling for some more details I'll be subject.

So now I will talk more I guess subject.

Oh, that's kinda buffer to back 70, a company I need some petticoats received net proceeds from God that it's trafficking adds to close outs long and technical strikes me Keith will be put the Gulf schools that keeps Kingston between you couldn't bring bomb, which we were also informed that al can affect people would have to be close.

And again, we love picky.

We can meet the actually begins execution.

I'm, sorry to darn it seems to come right well that's wrong. He said treats numbers 20 number for them again.

What too close to be up people weren't meeting.

I would not be allowed to vaccine production late.

Hi, Good night 2009, she would we see what Nokia Governmentally Citron's hobby that the company Meek Oh, yeah pools in coking coal chats safety <unk> protection I mean, that's all I'll make sure gets they'll they'll kitchen.

Hi.

We had become important helps Philadelphia I found neutral direct mail and he'll get approval I we seek.

Yeah, I'll just didn't match and high school, it's not the catch them most gets trapped high school.

Have you tried not shutting them probably.

No I talk to keep pontoon treats all the response Vicki slacking off the South Hampton Spreadsheets and Cooltouch Paul.

Called very picky can damage, Nick false I don't know Becton Dickinson Nate approval.

Nope, that's okay. Thanks to them. Thank you.

Oh, so bumpy issued a notice Oh, Oh, well I mean, that's neat Keith self protection from December 16th Airborne cans.

Environmental began.

Hi, either one of the grades apps motion in shambles coffee.

Oh, I actually think eighties also the noise.

Action plan for bromine and such.

He couldn't to me because all the call. These 19 all right.

What extended until February 2009.

So now with you'll see the highlights of the company today and these needs to be better 19, 2020, I'm sure. We don't see call yesterday night.

Sorry.

How much site so down from the company they see the government approval to Gretzky production at Goldman Sachs. Your number one number phone I'm certain that night.

I don't have much because I'm 20, accompanied the team it's crop protection in fact treats number one number seven.

On April 2020, accompanied became commercial production sector. Its number one number together.

If they don't.

Cool the company.

Hi.

[music].

Tom that's true, but that's something that's true number for a number nine <unk>.

Right.

Because I'm trying to keep it can be expected to that commercial action Sachin number for a number nine.

And the company Hearts compete with major rectification second to meet Becky, What's actually number two number number can I have to receive approval before they actually begin trial production in the new future.

Not a seven during 2019 compete.

Approximately 16, you can't go not I'm property plant and equipment.

Next question Pete I'll be some what's going on for me execution.

Neil.

Raising alfredsson piece and just help me out here so I'm not.

If you need both the company to operate more efficiently in the future.

A copy of this would that be Oh, Gee pecan so.

Jimmy Protection you called so you among others you add.

Do you see sales pitch you only one called the Nike there has been increasing to bump Piedmont football.

That's where the price of bromine has almost doubled in the past six yet.

No our mold, okay competitor, because being angle to open their factories.

We believe me he might have been strong well surprise movie Mer pinch.

Oh, it's changed quite cheap should we think try which enabled the company to become plus people.

For the company expects you to come they kicked traction its no clinical sachi image were done turnkey.

I'm sorry, they actually will be open should know bread and I'll first half of 2020.

Right.

It's something quite Neil section, we are hard that's compared to P shares and the mold coffee the deductions.

Continue Luckily the town clunky and the provincial government to each one and they need.

If you will be Oh approvals teach me Scott, it's natural gas and up blind click actions.

Hi, the company's blog that treats has come in court action and the neocon effect should not affect construction.

We believe the company will be positioned to become 12 people.

No that's going to the financial results she's out results actually in our press release, so weve touched on the highlights.

Well they gets done 19, you hadn't deals was about.

On slide 6 million dollar as compared to two I want all that you put on 18.

Policy was Oh.

Yes, all that direct labor and overhead in cooking unplanned shutdown.

$16.3 million.

He was about $13.3 million.

Oh, no from operation was Oh.

Well we began.

The company incurred an income tax expense.

But you might even going about it.

Net loss was about 75 pardon me.

GAAP net loss per share at work done assumptions one.

No that you've had a French I'd say segment.

Yes.

Well said, sometimes equates to about $10 million a company Openstack treats number one number that's equal.

Oh, that's helped to them monkey types when they came out he extremes on probably.

Oh, yes, Rami mice and of course false palms wall flabby.

The company hobby close to the two factories that [laughter].

Oh, Oh open Apis actress well peak, that's Keith good pets.

Well the year ended December 31st with our 19th.

Let's talk imagining for outdoor second that was.

A very strong Oh, please keep to person.

In 2016 golf marquee people I mean war.

Platform puts him.

That's not just calls comping, Mitch its depreciation and amortization.

Only I feel like Oh operation Lucky Queen future amortizing Shinhan cards would be a lucky keep all but no one babble field.

At the outset trees and white remains open for the full yes.

If you haven't had be hi.

Yes, so I'm operation crying out for one second that talked about 15 point $600, it's not walking petchem side sorry.

It's actually neighbor.

We had to keep the I'll watch was employed backlog.

I'm pretty close contact selection.

I think rail as over has some cool second we track don't have all feel.

So for that he has yet to them monkey.

Then.

Proxies for me 16, NIM going down to about 12 to keep clients and pretty much.

If you check the poultry meal.

Enabled the company bonds and factory outbreak more act you shouldn't be in the future.

Net revenue some quick thoughts sneak they talk about.

Back under $10000.

Right no relief because it can happen Nico documentary.

Nicole Kidman, so put that out.

No. So I'm operation was about Oh, probably told me that dollar.

The old and because our 19th it's kind of course segment.

No I mean, Neil I'd be a big government approval of our Neal picture.

Hey, Steve approval in January and expect to begin.

Touching in me operation should be getting the premium.

Because I'm trying to me.

Yeah, Yeah Alps, I'm trying to first.

Okay Alright.

We incurred relocation costs.

About.

Sorry can I start again in coordinator backbeat.

Okay. So then you kind of its actually I hope you could be excuse me adult.

Loss from operations from Al Kildani corporate that segment.

But.

He didn't dollar.

The year ended December 31st is our 19th.

The next year happy meal for the natural gas was 51.

Does it.

Got it.

Loss from operations.

Well.

[laughter] $9000.

Yeah walk you know town home teaching and provincial governments.

Oh, you mean, the approval we need to me that's all neutral gets built and opportunities that could be as opposed to the obvious cheap.

No that's coming to our balance sheet a company ended 2019 with cash.

It's about time to upon premiums other catch puts it per share at work.

And thought about 54 cents.

We have no cash to deal with our new chemicals, sketchy she'll mobile I mean, well I tend to our business seems to come calling.

Push to other growth opportunities.

I'll walk you cancel was almost $201 million, which in cancer per share awards.

I'm sort of 66 next next cash, which you catch my notes on that Didnt cheese was pushed yes.

Right eight since she Apple does book value per share was 27, probably 65 cents.

I mean, there yet because I Nike cash used in operating activities was that.

The next door.

In addition to prosecute class I pretty much.

60.6 million dollar.

Well, yes, the company have you've actually almost 96 feet hands on that you'd probably be today.

He couldn't than in the past two yes, [laughter] financial returns, obviously, that's mainly the company yes.

No that's been the call back from the so do you for closing the batch.

Well.

Oh.

Well go to kill me unbelievable.

<unk> <unk>, what else are done and Ah So yes.

You know go down corner, Chicago, [laughter] go Oh, Youre, not only 15 woman the yields are with us and cargo good though we'll bring huh.

Yes, you're right, we can go in Chicago and not looking for it.

Uhhuh.

The trend because our controller bombing.

Go about deal heartfelt will get Harlan things occur so we got one.

Let me see us maybe that the comps do get when that sounds cool.

<unk> shareholders and employees, who had some pokey.

Well I'll speak East coast kill Rich.

We are fortunate that the company had to match amount of cash would be difficult purity scheme and the yet you have enough cash to me open Oh, Oh upsets in the keys and it still have cash available for I don't schools can shape the future outcomes no.

Right.

No that's when the hope that the cabin and statues your question I'm So session.

Thank you went up so you're right.

Yes.

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The photo questions at this point will trigger for back over pretty further or closing comments.

Colombia or no questions at this time, we'll turn the floor back over to you.

Okay. Thank you.

Well, let me tell me all yet.

Right.

I'm not trying to CAMAC energy Uh huh.

Oh.

I told me, it's very small price change can we close the call today.

Yes that does conclude today's teleconference. You may disconnect. Your lines at this time another wonderful day, we picked you for your participation today.

Yes, you have good night and day take care. Thank you everyone.