L&L Energy, Inc. LLEN

Anyone notice the obligation we got out of by swap

[hlarcher2000]

$15.3 million in upgrade obligations according to the last annual report:

 

 

 

57

 

 

 

 

 

 

Total

Less than 1 year

1-2 years

3-5 years

After 5 years

DaPuAn & SuTsong Mines

$

5,027,746

$

-

$

-

$

5,027,746

$

-

L&L Yunnan Tianneng Industry

4,000,000

 

-

4,000,000

 

-

 

-

DaPing Coal Mine

 

15,388,508

 

-

15,388,508

 

-

 

-

Tai Fung

 

1,119,187

 

-

1,119,187

 

-

 

-

Total

$

25,535,441

$

-

$

20,507,695

$

5,027,746

$

-

 

 

[hlarcher2000]

I meant to say swapping out of DaPing

[chsharpei]

HL:  Nope, but I will bite:  How much did we owe on DP? ????? Sharpei

[hlarcher2000]

I copied and pasted from the 10k on sec.gov. $15.3 million.

[cybertron8]

hlarcher.....thats sort-a what i was thinking as well. the whole deal is complicated, but one thing i do know is d lee does know what he's doing and does know whats best for llen and us eventually.

[hlarcher2000]

The amount if the obligation is approximately 24% of  llen's market cap at the current share price.

[lutherpstr]

This post has been removed in accordance with Community Policy

[raceagainstthestorm]

c Could be better Coal, have better logistics, better parking lot, offices, bathrooms, ect.... see what I mean on DETAILS !!

[hlarcher2000]

I believe as far as gap accounting goes we did. It would not suprise me if union energy was set up strictly to facilitate the consolidation process. Let that company do the upgrading of the mines and sell them to Llen once they are ready to produce. But as far as this board goes, we can all just speculate and not have confirmation of the reality.