Millwright, Legend --> Dilusional!So, Millwright, Legend, and the rest of "blind" LBE pumpers are in a state of denial. To the point that they viciously attack anyone who dare suggest that reality and common sense suggests that they are being played as fools. Legend goes as far as to say that it would be illegal for LBE to commit all future profit (if there is any after the JJ "rape") to exploration rather than pay dividends to its shareholders -- NOT! -- what a joke! It is just hard to believe that these fools just don't get it. JJ is worth, at the very least, double digit billions Do they care about the profits of this hollowed out pig for those foolish legacy LBE shareholders? JJ is interested in the LBE NI, or the cash equivalent, until it is no more. Deferring their decision to convert the "preferred" shares is one that is dependent on new, significant discoveries. The one, and only statement that I would agree with Nickel77 is that the Shaw Dome has "fingers" of NI. The current LBE debt cancels its 5 to 6 years of NI reserves which leaves this as a hollowed out pig, If new, significant reserves are not established in the next 3 to 4 years, JJ sees this as a "cheap" loss leader to secure what LBE has for the next five years. Beyond that, LBE must survive on its own as JJ, clearly, will only extend terms if it believes it is in its own best interest. JJ has been careful to hold LBE, and the reckless Dr. G Nash, at arms length as long as they serve a purpose. Do you really think that Dr. G Nash could secure credit lines with reasonable terms without JJ -- of course not! His vision, and management, have hollowed out LBE, and decimated the pre-JJ LBE shareholders.