Thanks Courau21. I look forward to your posts. I was delighted...

Thanks Courau21. I
look forward to your posts. I was delighted to see that you are an investor, not a trader. (nothing against traders....they provide liquidity to th market...but just a like spirit to me)

Your view on the possible effect of interest rates rising on the NAV of MIG and NPV of its cashflow through higher discount rates are normally correct.
Normally, I say, but these are not normal times.

I say normally. But the situation with regard to MIG at the moment is that the market sees MIG as a foreign company (USA) and that the putative rate rises here do not apply.

On Thursday when MIG was falling, TCL, CEU rose


I agree with you on the base management fee of MIG. It has to be lowered.
MBL’s business model is much more diverse that in 1996.