FM3 firstmac mortgage funding trust no. 4 series 1-2020

@Corgi your opinion about NVA announcement today? The MD has...

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    @Corgi your opinion about NVA announcement today? The MD has been quoting 5-7Moz several times so I could feel a bit of disappointment by the market?
    The overal tonnage has increased but the cutoff was lowerr from 0.18g/t to 0.15g/t. Is this cutoff a bit optimistic?
    Btw, TSO trading has been a bit weird. SP dropped with a drop in POG but did not move up even when POG moved $60 from last week low. The selling has been going on since last November and I doubt anyone would make profit by selling at 19c now.
 
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