L&L Energy (NASDAQ:LLEN)

This morning LLFH announced the closing of a financing deal with Laidlaw & Company.  This is significant as LLFH previously stated fiscal 2010 guidance was contingent upon financing, which was also reaffirmed. The GeoTeam® is still awaiting news of an exchange uplisting.

Source: PR News Wire (October 9, 2009) 

Yesterday, LLFH released its fiscal 2010 first quarter financial results. 

At first glance the results were not up to par to what we were looking for. However, the following factors have to be considered :

1. Less than one month of sales were included in its recently acquired coal washing facilities.

2. The GeoTeam® is assuming that there may have been some one time integration costs associated with the coal washing facilities.

3. In its Rodman investor presentation LLFH issued very bullish guidance.

4. Comments from the company remain bullish:

"In the next quarter, L&L will show a full 3 months of operations from coal washing and results will be much more impressive as Hon Shen and DaPuAn have a combined annual capacity of over 500,000 tons."

Source: PRnewswire (September 15, 2009)