The table in the article (under "The Machine" section) describes the state on the left hand column (A,B,C) and the input on the top row (0,1,2). The entry in the table describes, as far as I can tell, what the Turing machine writes back to the tape, the direction it goes and the state it transitions to.
So for entry 'A', '2', the entry is '1LC', meaning it writes '1' at the tape position it's in, moves one to the left then transitions to state 'C'. State 'C' on reading symbol '0' will halt, as is the requirement for it being a buys beaver machine.
I very weakly understand the 'A(a,b,c)' notation in the 'Analysis' section but I don't quite understand what it's saying. The line that says "A(a,b,c) = 0^\inf 12^a 11^b <A 11^c 0^\inf" is describing the input tape state, with s^x denoting symbol s repeated x times, but I don't quite understand what the "<A" is.
The table below it describes what I believe are essentially reduction rules. That is, "if the state of the TM is like this, we can deduce it will be reduced to this state" which is how it relates back to the Collatz conjecture.
Anyway, nice article. Wish there was a "glossary" section that described the esoteric notation.