L&L Energy, Inc. LLEN

Info on coal production in Guizhou

[hlarcher2000]

https://www.chinamining.org/News/2013-01-04/1357261406d60288.html

[chsharpei]

Thank you, Hal...wondering if anyone knows what percentage of total county output is LLEN.  Also, wonder if Monday morning will bring another press release.  Perhaps another contract. ?  Will the 50 DMA cross be enough to propel us higher along with better industry numbers. Natgas is really low - $3.20's in January - and being reported that  NG prices will remain low for

[jdl51]

The price of NG in this country has little to no effect in other countries.  Unless we can export high volumes of it, and that won't happen for a number of years, then it will only affect our domestic situation.  My concern was the 136% increase in coal inventories in Guizhou province.  That would have an effect on LLEN's SP.  I am wondering why inventories have more

[hlarcher2000]

No problem Sharp. Wish I knew the answer toy your question. At least the article shows the progress in Guizhou and we do know Llen's growth has been running parallel with Giuzhou's output

[brotherM1]

Inventories have risen Jan .- Nov.,  but also according to the article the price of coal has risen this past quarter.  I'm not sure what to think.

[Tjpsimone]

Last year, mining accident forced government to close many mines. Utilites ran through inventories as supplies were scarce; many utilites were using delivieries as the came in.

[brotherM1]

"From January to November 2012, the province saw its sales of commercial coal amount to 154 million metric ..... As the end of last month, the coal enterprises in Guizhou Province had a total of 8.18 million metric tons in coal inventory...."   I too was trying to think somewhere along the lines of last year's mine closures.  Given the possibility of it happening again