efe minimum subscription reached

PTS seems to be on a bit of an announcement spree at the moment.

Min subscription reached for EFE though this is just the first hurdle...still need to meet the shareholder spread, though doubt that would be an issue (I would expect the majority of PTS shareholders are all applying for at least the minimum priority amount). The ann also cofirms drilling in Mid May so not too long before shareholders see some action (wich will hopefully discourage stagging).

Also latest T20 released...some interesting changes:

- Peninsula Exploration have significantly increased their holdings
- HSBC nominees have appeared with over a mill shares
- DMG and Partners securities has somehow managed to steal 1.5 million shares (by steal i mean current shareprice is a steal!) (DMG is a Singapore based broker, so a bit of a surprise entrant - are they working for a Asian client interested in EFE's iron ore...i wonder)

Cdchi1