Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum L&L Energy, Inc. LLEN

"L & L Energy Inc is currently engaged in the business of coal mining, coal consolidation, and wholesaling in the People's Republic of China and its operations are conducted in the coal-rich Yunnan Province in Southwest China."

OTCPK:LLEN - Post Discussion

L&L Energy, Inc. > Why didn't GEO time-lapse LPH's rail spurs
View:
Post by Cool_Scirocco on Jan 04, 2013 12:01pm

Why didn't GEO time-lapse LPH's rail spurs

GEO makes a big deal about the lack of trucks coming through the filling bays, and shows some still photos of seemingly little used tracks, but didn't bother to place time-lapse cameras to record any activity the entrance to the rail spurs. 

The trucks that come and go are probably running routes of less than 100 miles and are mainly to serve the local market. In addition, trucks are too small to service large users, like a power plant.

They couldn't possibly run enough trucks through each facility to generate the revenue they claim, but the rail spurs at each site can be used to send out oil as well as receive it. 

 

If the area isn't littered with long distance pipelines to transport oil to other facilities, then over longer distances, it would make sense that outgoing rail cars would transport oil to smaller distributors, with LPH acting as a larger wholesaler. And only rail cars could service a power plant.

Regarding the "unused" look of the tracks at the sites, since spur lines are very low (walking) speed, even if you had 10-20 railcars/day coming in and out, it might not be enough to wear all the rust off the top of the tracks, and any fast-growing plants, unless cleared by workers, would quickly overgrow the tracks. I suspect that unless it's a safety issue, they wouldn't bother with it. 

I would think that if Geo thought that a time-lapse video of inactivity at the truck bays would be damning, then a set of similar time-lapse videos of the rail filling/emptying stations would be doubly-damning. 

So why didn't Geo do this as well?

Could it be that most of the activity at these facilities happens on the rail spurs, which are out of sight of the time-lapse cameras?

Comment by raceagainstthestorm on Jan 04, 2013 3:25pm
Unless you deliver aggregate, the rails will not shine, any rail car loaded will shine the rail from weight friction, (I used too sell rail scales) Regardless of the time lapse rail question, the facilities looked abandonded, even the station did very little bidnez. Not a company growing, Dat is fo sho. Secondly, where was the fire safety equipment for the rail lines and the facility in general(no ...more  
Comment by Cool_Scirocco on Jan 04, 2013 4:45pm
Perhaps you're correct about a slow, heavy load shining the rail, Race, but new rust would quickly form.   Maybe business has slowed at the two older depots, but streetside traffic doesn't tell the whole story.   Geo was willing to spend the time and effort to set up time-lapse vidcams for 49 consecutive days on the street side of the depots, and one in a field near some goats ...more  
Comment by raceagainstthestorm on Jan 04, 2013 5:01pm
I don't think that any fuel was hauled across those tracks to be honest, if there was ever a fuel spill no weeds would grow, secondly fuel is to be transported across concrete in loading facilities for clean up. It will be very interesting to watch this play out, but if this is gross defamation on Goes's part(could be and they know nothing can be done about it), some people should or will ...more  
Comment by Cool_Scirocco on Jan 04, 2013 5:11pm
Those weeds and gates are far enough from the loading/unloading platforms that it would take a pretty large spill to kill them or prevent further growth.   I don't know quite understand what you're saying about the oil being transported across concrete, since it looks like the oil is pumped into or out of the tank cars via underground pipes to the storage tanks. See the link below ...more  
Comment by raceagainstthestorm on Jan 04, 2013 7:51pm
I see your PP and it looks better than what Geo is providing in the time lapse, the PP facility in much nicer than the recently purchased facility, you could be correct if they are bashing out the long interest to sell it short, and did one helluva job on LPH, luckily I have no skin in the China game to worry about, looking for another investment besides F, may hit HK for any pull back,  oil ...more  
Comment by lutherpstr on Jan 04, 2013 10:29pm
This post has been removed in accordance with Community Policy
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities