LLEN or NEP - NEP has good chance of a 20%+ move assuming it gets its 10-K in. They mentioned in a PR that they were going to discuss their expansion plans - I think the market would like to see a new oil production lease, but, they have been waiting a while for that - management have had offers but are, rightly, picky about their choice.
LLEN should be praised for improving the way they add new mines. By leaseing "young" mines that can have their capacity upgraded from managers that need either their expertise, or more likely, their cash to develop the mine LLEN is getting a portfolio of mines for a fraction of their true earnings value.
LLEN near term may offer price weakness from stock/warrant sales that were finalised last fall. That said, July they should announce FY and between then and fall of 2010 annouce a number of mine consolidations - they are aiming for larger mines. The recent presentations were very bullish he said 70% rev growth and off-handily said and I bet we manage 100% - I'm not betting against them.
My conclusion - near term I like NEP assuming they hand their homewok in - Mid term they may annouce a new oil production lease. LLEN are, with high confidence, going to annouce new mines before, say, Dec - shortterm no view - Mid to long term looks good. If I had to buy and hold 1 it would be LLEN since they have explained their plans and I like them.
rich
AI
