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    Bill Bender

    Research Analyst at Private Investor

    Bill Bender's questions to GULF RESOURCES (GURE) leadership

    Bill Bender's questions to GULF RESOURCES (GURE) leadership • Q2 2023

    Question

    Bill Bender, a private investor, expressed significant frustration with persistent project delays and shifting explanations, specifically regarding the new chemical factory and the natural gas discovery. He challenged the notion that low bromine prices were the sole problem, arguing that the core issue is a loss of investor confidence due to a lack of action, and asked CEO Xiaobin Liu for a compelling reason to remain an investor for the next three months.

    Answer

    Helen Xu, interpreting for management, explained that the chemical factory's progress was halted due to a severe drop in chemical product prices, prompting a strategic review to identify higher-margin products before finalizing equipment. The Sichuan natural gas project was delayed by a provincial government planning review, and the company is now pursuing a joint venture. Xu acknowledged the company's conservative approach. Bender countered that these delays erode confidence and urged the board to take serious action to demonstrate progress in the near term.

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    Bill Bender's questions to GULF RESOURCES (GURE) leadership • Q2 2023

    Question

    Bill Bender, a long-term private investor, conveyed deep frustration with ongoing project delays, specifically questioning the stalled opening of the new chemical factory and the lack of progress with the discovered natural gas reserves. He argued that the core issue is a loss of investor confidence, not just fluctuating bromine prices, and asked CEO Xiaobin Liu for a compelling reason to remain an investor over the next quarter.

    Answer

    IR Director Helen Xu addressed the concerns by explaining that the final equipment delivery for the chemical factory was intentionally paused to strategically re-evaluate which chemical products would be most profitable in the current weak market. Regarding the Sichuan natural gas project, she attributed delays to a provincial government planning process and mentioned the company is now pursuing a joint venture with the government to enhance the project's potential. She characterized the company's overall strategy as conservative.

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    Bill Bender's questions to GULF RESOURCES (GURE) leadership • Q2 2023

    Question

    Bill Bender, a private investor, expressed frustration over persistent project delays, including the new chemical factory and the monetization of the natural gas discovery. He argued that the core issue is a loss of investor confidence, not the bromine price, and asked CEO Xiaobin Liu for a compelling reason to remain an investor for the next three months.

    Answer

    IR Director Helen Xu addressed the concerns by explaining that the chemical factory equipment delivery was paused to re-evaluate the most profitable products due to a collapse in chemical prices. She stated the natural gas project was delayed by a government land planning review and that the company is now pursuing a potentially more valuable joint venture with the government. She acknowledged the company's conservative approach, which Mr. Bender countered by urging the board to take action to restore investor confidence.

    Ask Fintool Equity Research AI

    Bill Bender's questions to GULF RESOURCES (GURE) leadership • Q2 2023

    Question

    Bill Bender, a long-term private investor, expressed significant frustration with repeated project delays, specifically for the new chemical factory and the Sichuan natural gas project. He argued that the primary issue is a loss of investor confidence, not bromine price volatility, and asked CEO Xiaobin Liu for a compelling reason to remain invested.

    Answer

    IR Director Helen Xu addressed the concerns, explaining that the final equipment delivery for the chemical factory was paused to strategically assess the most profitable products amid a weak market. She attributed the natural gas project delays to regional government planning and noted the company is now pursuing a joint venture. Ms. Xu acknowledged the company's conservative strategy and the validity of investor concerns regarding the need for tangible progress.

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