L and L Energy (fka LLEN)

[advalorem]

vast US Coal Reserves

bogus07 -- I think you are correct. The company plans to make accretive acquisitions.

If you look at today - and likely future - currency valuations, the "accretive" aspect becomes easier to meet. A strong China/weak US currency combination (China=$0 debt; US = $13 trillion and growing) & potentially some production hedging could make a lot of deals sound attractive.

Some US companies do own assets in countries closer to mainland China. It's probably a matter of time before Peabody (BTU) gets taken over as China wants the coal, and the US currently does not favor coal as an energy source.

Just my two cents.

"Looking to become a major coal player in China, we are working diligently with energy partners, using L&L's in-country knowledge and existing profitable platform to leverage on the vast US coal reserves to feed China's growing demand. Thus, we expect revenues and earnings to increase substantially in fiscal 2010."