opsssssss ... Weishe Mine according tle LLEN PR about the Weishe Coal Mine Acuisition:
"US-based L&L Energy has acquired a 51% stake in the Weishe coal mine located in China's Guizhou province for a total consideration of $16.2m."
https://www.mining-technology.com/news/newsll-to-acquire-51-stake-in-weishe-coal-mine/
In todays 10Q ... they write:
Under the Agreement, the purchase price for 51% of the ownership interest in Weishe Mine is about US$9.7 million, which will be paid in full by issuing 3,000,000 shares of common stock of the Company (“LLEN Stock”).
.".. Owner Union Energy will receive three million L&L shares at $5.396/share for the coal mine. " was this statemen an attempt to pump the share price by LLEN? ... ... so .. the fair value of the WEISHE mine is 9.7m .. and not 16.2!!