calm before storm, page-9

Huge discount to NTA backing per share, debt secured to March 2016, US economy improving... it's an absolute no-brainer.

High leverage at debt maturity dates are what pulled apart REITs like Centro and Rubicon a few years ago. This isn't a risk with MIX which has reasonable current loan-to-value ratio of around 70% which will be much lower at maturity in four years (unless management go insane in the meantime).

Once the MGFL loan is paid off (which will be fairly soon) "the distribution policy will be revisited" (as stated in the recent investor update). Distribution yields thereafter on the current stock price would be capable of almost 20% (if management go for maximum distribution). Although I expect management will go for a sensible mix of distribution and debt reduction with surplus cash. Either way, I'm sure MIX will pop up on other investors' radar screens once the MGFL loan repayment milestone is achieved.

It's not a very liquid stock, and there are other stocks out there where one can potentially make quicker gains, but there are no stocks that i know of that are as discounted to a de-risked true valuation as this one.

For those that are familiar with where MIX is at, consider now to be a final opportunity to get in on a de-risked and heavily discounted opportunity before REITs become fashionable with the masses again.