OTCPK:LLEN - Post by User
Post by
leanguyseaon Oct 22, 2012 1:36pm
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Post# 20510585
valuation swap seems compelling
valuation swap seems compelling The initial outline of the equity swap seems awfully good here. You recall that LLEN only owns 60% of the DaPing mine. So, LLEN gets 90% of two NEW mines that are up to required specs in exchange for their 60% interest in DaPing plus the low-margin coking facility, plus perhaps "cash and/or a small amount of shares". As long as the cash or share payment really is small, this looks really good on the surface.