Q2 2020 Gulf Resources Inc Earnings Call

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Oh wait tax money, maybe on the gentlemen, I Couldnt give any true all of you so drilling some training.

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Oh, sorry to die.

This conference call my name calling.

Our E commerce.

Shelby appeal to try this quarter there I know you might be Oh, Alabama was in this call so team member like.

Given the cool, okay, well Bhavan.

And well make sure about golf consultants incorporation and stuff.

Did you called that we'd be able to me I would you like them right. That's correct me if at all I can tell the story I do.

Great that's taken under the Securities Exchange Act Nike people.

Hi, good quake, that's a good.

Actual results may differ from discussed today, taking into account number I'll get back.

Including but not many came true a general economic if need because we showed up in China.

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Danny outbreak in truckload that but yes, I probably section the basic she'd like <unk> and correct right My kids that Neil I like it gets called that's additional competition from our existing I mean I'd be shocked summed up.

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By the cautionary statement.

They could you tell me the company to talk about actually.

Okay. Thank you.

Yeah, no obligation to be like Oh, I am all the kids.

We'll be back.

Oh, so just trying to teach out to the state.

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Oh, the outcome, we need like type Paychex flex you don't want to get them.

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Yeah, because at the peak correct.

Sure I'm guessing the company Sientra woman, we present the men get nice estimates as of today, but they didn't keep oh gosh, two done quite well.

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Okay. The call. It Oh, Okay. That's all going to that caught I think if that's a website.

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HM.

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Yes, what allocation going lumpiness or whatever what do you show.

Hi.

Well I'm actually I think twice in the Gulf insulting who died and then second called that I need to be conference call.

So we like to close Oh, Oh, that's it became too.

Sort of down could you provide clients to pull doesn't bother me then as if we were catching some oh boy I mean, I quickly approaching online we will see I want the most truck its I phone you triangle teaching them one by the Colby 19.

[laughter], Danny which Paul let me, maybe we opened our best Mickey and that will allow customers.

[noise] are already hardening and actually argue go take off well I saw the fundraising though.

Eager from Yeah go for you.

Hi, good though I assume.

You don't see how are they aren't any industry you.

That's about a signed yet [laughter] huh.

Hi, good or are they aren't any endo, well, yes, I said Oh sorry.

Yeah. The finally golf club won't go in California, So Todd.

Hi, its own gosh, you cool.

Being cared or are they aren't any I'm definitely a corporate offices.

Yes.

Oh, sorry, okay.

I don't see also I have no correct.

[noise] [laughter], Oh, sorry about that answered that to me.

Okay, Okay, no I tend to come back up.

Deal, where my goal should that can.

They come back to dig into the target goals.

Okay, it's called <unk>.

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Try so.

<unk>, Yeah, we had for our company the Columbus commercial production affect your number one number seven on April 2020, I step change well I'm not a may prevent 20, they receive approval to begin kits truck shops are you kind of effect, yet I'm almost <unk> construction.

I'm sorry.

I'll try not me they want the maliki copies and they tried that Chinese it's true that area very near to the company.

He can help them all powered by income that's trunk club, which is the only 20 kilometers away from that come maybe even though.

[noise] single has already army and if you are if you go to Soto parish.

Okay great.

Well, Matt yes, they have not gotten done away so they're not going how now that's over what you call.

Well my quick I forgot that down right before we get me really you're too high.

Yeah. The goal is you okay.

All right on top.

I'm sure.

Can I seem to still be been got Gokul jostle with no.

Sure on diabetes lets you do not go [laughter].

Well my Gosh, you had a friend Guy So that's how we got on any idea what Dominion school such yet.

Well what that she's been crisis.

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Okay. That's all Borderfree and we go through year end to end up go to home I'm told that could go how would you call center, one and I thought that gotten there what's your huh.

Okay, while all yet.

Well I'll, then let's watch no I'm gonna be 15, well during the second call about without.

I'm trying to teach them extremely optimistic that you'll be able to kill out.

I would be 10 to profitability in the near future because they don't even partly it has helped keep them you can once again, our well I mean I call shops that cheap.

Yes.

I mean, I thought that we hope to achieve protection in the folks called Petrochem trends.

It's actually he promotion Oh, we remain unaffected by the end I'll, just yet or the beginning of next yes, indeed, our new chemical fetching, which will focus.

On the yet you couldn't comment do you have to put that entire matching we indeed, we had strong opportunities to project nature again, but products to try to pardon.

Appreciate the so called out that's correct.

Have you long process.

Paul why do you think financial protection, a three to five years.

I'm Crazy communication I'd be 10, all companies to talk at the Beach.

So now I would tend to call back too.

Thank you so I will provide updates on the company by my shoulders out and waking up and the mix probably is a question how do you see I wasn't that's correct.

You know alpha nature, we watch the second that then they act like a week I could be out they buy these outlook range.

That's okay, well I mean, I'm close out like a much distillery, that's taking costs out of 2020, <unk> net revenue decline more than package to approximately 5.4 medium.

Compared to the he's out one night.

Chris was mainly due to the more body production I don't know worth getting quite involved in fact, much you make lots that we talk to approximately 1280 College football I mean im hopeful that cheap.

It's also means from talking to 15 to 29 I call.

In Oh, we project I don't approximately 15, I think he's oh I called <unk>.

For the screen mouth, Sherri I need to choose Cherokee to ban twice.

Cool coffee module for welding segment looks I pick up [laughter], well keep us into decreased as compared to that impurity from yesterday's announcement.

I want to highlight can she has done the I couldn't make effect does impact PBT margin involvement.

So I mean, well need spiky come down from about $4, a $470 tend to seven Bala Truetrade done if I'm doing them. She heavy truck dollar portal.

Which caused by the snow dog in a domestic and that's all I suppose mainly caused by the call them, probably nine Kim <unk> dynamic how and the current price no Wow embed a price yesterday I sense not 2016 prices.

Hi, Bob Bob is that.

Hi, can yes, we are thinking onto that smoking, which $3137 and that 2000.

[laughter] Darla pad.

He is also a previous yet.

Even though our blended price if it weren't coffee.

Sure I'll be tied together.

So now back to Chinese economy, even kabi and in many of our downstream customers I begins when we open.

[laughter] that implies well I mean that like I've been in Kuwait, Paula Abdul need that you're flying pipes remained at their current babble, they should be able to generate palti L plus action.

Well I don't make a contribution that's implying that Marty.

What does he touched occasion, Oh, approximately one on 1 million dollar Oh, I'm, sorry, neighbor and actually Oh My God.

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Yeah.

[laughter] team should a mom.

Breaking Paul.

As Dale depreciation and amortization for you to the amount of protection.

Molecule pad, our chemical sector.

I.

Most people already.

Oh approval to begin to truck show, our new chemical section on the call me one more construction June 2020.

I do we probably.

The company had nascent flows up that construction kicking in that started to become lie on the website.

You can find the photos on there.

Oh, Great TPP section I'll, Oh golf <unk> I found out they pick your style.

Construction is expected to take approximately one hour.

Oh I'm sure most mom to compete.

And then well nation.

The company expects to begin trial production.

Beginning of two done a neutral why that she will be small dog then that's fine true Oh actually become you expect it to make hi, I'm not talking to my view and we plan to focus more on the higher margin.

He asked you called the immediate.

No.

Coal that you could imagine easy to talk to be $16 million, yes Penn.

On finding BARDA to.

Make each excuse me Oh man down on the initial construction.

Yes, that's in the capital neutral debts segment.

Yes.

Okay, Petro China needs, while the lobby, it's probably made trial getting try these kids cheap.

Both on buying comes else trunk club.

On comps Leach.

The company has a few.

I like 15 will and then they are doing more additional debt.

Page will try not to attribute probably if you need yes, the damage to the or make ballpark on finalizing the plumbing.

Corporation and exploitation of me I've always salty.

Yeah.

That's the plumbing type the final life they plan to process to meet our application or the natural gas and right project approval.

While we have not had any comments it shows pedal China I do believe they may be able to that it's I'd be happy.

That's true true you couldn't pipeline Campbell's how staying at home.

The company, we need badly optimistic about the long term potential of this project.

So now next mid Pac.

Okay financial results.

During the quarter companies just came a lot operation all approximate 95 million compared to a loss from operations of one quite yet but oh.

The previous young to them and.

No no feed occurring pause I was told fine tuning the approximate eight compared to a net loss Oh.

Some countries like if it wasn't all that yes employee in the previous yeah, no no pushing out west.

Okay.

Carbon called compared to a net loss.

Yeah I'll take.

That completes the net loss in closing I didn't quite translation, what's Tony compared to a net loss I'll jump on yes, all I guess I'm sorry in the pre that yeah, well they yet could take a college I know they didn't post p. pack so operation.

1.2 million compact and Nike catch so operational on media is a pretty good yeah. I can you put track nice online media properties plant and equipment, even the first half all to them.

I'd come back true then I farming in dollar.

Im sorry, I believe it yeah.

I like to Heaven I shoot.

Hi, most I'll leave that to make is could all over the past. The recently bought a cost of flying on Neel Kumar.

Every night I Formula MTT ammonia wells and approximately 15 I founded on the new chemical sector, accompanied balance sheet remains as strong I guess I'm, taking costs out were down 20, <unk> balance sheet was oh.

Josh $19 million patch per share my telephone I said.

Lucky popped up magistrates high seven <unk> working capital per share wine bar.

[laughter].

Net net cash kind that she might have shown that baby and 8.2 million ethnic catch a share of wallet share.

Yeah, well does equities approximately $253 million yeah.

Yeah, well, there's actually keep our share [laughter] pine picking $9 I call me to me back in <unk>.

I don't quite have told to compete it gets trapped shopping it's kind of called actually Oh, it's bromine oncocyte. That's an age she immune Nitro gets now I'm still make every patient outcome.

Completed its could show the family children's out Oh, that's to me.

And do the gene Jackie it was on turnkey compared to that even if we felt it caught it you had indicated in the previous yeah as detailed in our potential fighting I've been a book.

I see what's that.

So.

Now onto I like how come the kitchen shareholder.

Not that many oh actually I mentioned, well, we begin to pull that shareholders like if I was wondering and add more if anything.

We hope to begin with guidance again easy pauses caused the outcome than what I see and a five year plan.

Sure I believe that is complete the appraisal get to our shareholders. We also recognize oh, yes sizes it out they keep.

He will provide updates Oh, that's lucky.

Hi, I'm, a chemical at Chief Oh website.

Okay see that change on the website, that's making <unk>, yes, I mean, that's so to navigate.

If it concluded that the second part of was a very important one block company because we opened our fulfillment of course assessment, Keith I'm quite cheap on the agreement.

Can you give your skill out production, it's called <unk> I didn't meet cheap niche focus back to keep in the fourth.

We oh, so I'll just speak about getting approval for our the Ministry Apache.

Did begin construction, our new Kim's affection, which should be doing trap that trend at the beginning all put doesn't tell me too.

I'd like Nike about.

Sure.

For natural gas and strong problem that national Diamond prices <unk>, that's a private company can mine and the project neutral that they've been Nazis colleagues hydro try not in that area as Oh Vale.

I mean, they knew who will be paid keep namenda that naval Ah, Yes, you, probably know trokendi and the Geo media.

That was back how you quit we then we would watch to pull that shareholder. We then one show protection the closing qualitative guidance and lead to a five year plan.

Appreciate the patient I'll share with us and the BDC, we do have shown drawn Chris you feel and the generic poppy uncommon.

So I can tell me open for the kill a section.

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[noise] once again that is star one three please and the question Q.

[noise] warm over pretty easily poll for questions.

Yeah.

Hello.

Yes, or no yes. Our first question today is coming from David Chu from group Your line is alive.

Thank you Oh, hi, good morning, Thank you.

I wanted to check the right now such a huge possible.

Working capital your balance sheet.

But your share price is so low.

The company afraid being 500, my other company or a biopsy investors.

Hi, Joe sorry, and the on last point, So you will act as a company.

Yeah, well no company any.

Sure Paul.

Being booked up by investors.

Because you'll catch so attractive, but your share price so low.

Okay.

[noise] [noise], Okay, a little.

Well I know in both Nike Bobby children <unk>, how does it make as much as you go too much and the telecom oncology systems in deal by them. She I don't think.

James into how bookings you should then.

John.

Once it should follow caught me she had just for 20 at U.S.G.H. and Oh, yes.

Oh, great difficulty.

We will get closer to warm up where did you said you have to.

Oh, no we're not talking about investing.

I'm talking about be bye.

Investors.

But you put your she'll come but.

Oh, sorry, sorry, I need sorry.

Hi, I sound like I've tried to keep attach okay, I'm, sorry, George what you'll know caught eagle should she probably if you will collect probably true.

Yeah [laughter].

Oh, good garage, you're sure sure more chair or Mohammed did I hear from government is yourself.

Well, you're able to the young woman coli send out you.

Well much of the a meal.

And we were not.

[laughter], they're not going but you do affect your to walk you called.

Greg asked a question concerning the ownership.

She is 100 mysterious let's see inside the.

Okay, I get it wouldn't be comfortable librarians Moshe I can't go up that we don't don't forget your plenty of falling back that you don't want to both [laughter].

Mm.

[noise] a younger skewing younger.

All right.

So do you.

Good how are.

Yes, I try to go on their phone Buck I hope and yes.

Well you see.

Mm.

Okay.

So.

Yeah, Hi, Matt inside Oh, Oh.

Oh excuse me so see I mean, yeah, that's hand that.

Yes, Mr Ya, the chair map, a comedy and achieve the FCB.

Kodiak Kids yeah.

Life.

And the others.

So it is less than [laughter].

Okay, No that's actually along with a more that's something that's it that's number I think you can find on company probably.

Hi, good textiles equal.

Okay and hobble.

You too soon though Uh huh.

It's like how about yeah.

Uh huh.

No.

Yeah, No idea hum, how many shares or other institutional ownership.

No we don't have.

Oh, yes.

Yes, that's true picks a horsepower Pete.

Good.

Some of them you have any a a strategy to friends at all.

Sorry, the nine now 'cause the I cannot handle that question.

Yeah, I I mean youve obviously.

Uh huh.

Oh, okay.

That's a company I very much [laughter].

That's right.

So.

Speaking on policy.

<unk>.

Okay.

No.

I think that's not exactly I'm, sorry, I was pretty hi, Anthony we didn't happen here and you are infomation Wankel bias is a company that you made Oh I'm wondering shots we view.

It's kinda Bobby.

Okay, Great for example.

Oh.

Yes.

I like each.

Yeah.

Yep.

The company.

And.

<unk>.

You might see again, because in my view any way you speak it's not clear.

Okay.

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Yes, that's money otherwise the saudis.

It's not commit definitely anything.

Just one example, okay.

Yeah, I'm thinking Oh by the company.

Enterprise.

Yeah.

Okay maybe.

Oh, that's such a healthy.

So you'll need you want to buy that comes with ASCII, Brent price, so I'm not per share.

Yeah. It's an example.

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Oh example, yes that would feel quite yet.

How can help them to be handled this.

Okay. Okay, I got you, Okay, which is kind of what doctors yet.

Well no Sheila.

Note that even watch out by my goal seem to be Kennedy yeah.

Not so much you didn't do people leave no.

[noise] [laughter] RMR somebody's, though.

Hey, so it's right [laughter], Yeah Mckenzie County.

Things are changing somehow and I keep saying how is it a both in terms how we go.

Yeah, All Joshi sunken I hope, we'll just what how you didnt like how much of the council I might look like.

Yeah, I hope they want they didn't do differently.

Mm Hmm.

Well of course.

So two or $3 a young adult.

The Giants.

Todd to finish.

Yes, we showed a year and to go what makes your though.

No change how are Ya, there's a number alone my my my fourth well Joel mm blowing goal.

Sure first on the tricky, that's a workshop Chicago don't Caroline which at all what my goal should Ah I tell you. The project changes we didn't see life just for sure sure mm PUC immaterial Jacek Joe them goal.

Micropulse liquid assets.

HM Okay.

So Bobby.

They think of that you did young and his family they would that mean nothing else their shares which is more than a proxy mosaic pipelines.

Secondly.

The shareholders that they don't Lucky and what they thought about by the based Oh I understand.

We think.

No. Its oh, we have show their ships they found with no value on that.

Okay, what do you understand that [laughter], namely in the company.

But if you live and had tried.

And you need on the company's future.

Yes.

Hey, it's always a danger.

The other.

By your company.

Also a higher price to buy out all your company shares.

[noise] [laughter] I've missed lakes means that Mr. Ya undertakes family that's been he will not fail.

Okay. Then thank you so much well you onsite.

Okay. Thank you all of them.

Thank you we should have our question answer session I love to turn the floor back over to management pretty further closing comments.

So do you have any further comments.

So if you really.

Thank you that does conclude today's teleconference. Somebody just conductor loves this time and have a wonderful day, we thank you for your participation today.

Okay live on when the again Davinci Lucky Shannon.

Hello.

Okay. So yeah close for the call today, if you you there's no question.

Yeah, that's it real real set because so much for your time.

Thank you have got though you may now disconnect.