No problem Alan. NMGL, requires the same DD as any other investment.Even if some of the players are the same. To me, DD must include: management-experience, education, similar trips to the rodeo. This is equally important to all other issues.
In my experience, I've seen good companies with solid balance sheets, market share, growth potential and the like, vanish due to poor management!
It's one thing to see the "ice berg" in the ocean(Titanic). All together different thing to steer the ship clear of DANGER! That's where the Captain has to earn his pay.(Or shares of stock)
GLTA
Go NMGL
KyBourbon