MAP Have been trying to find out who they are buying for (the...

MAP

Have been trying to find out who they are buying for (the name on the top 20 list states 'client A/c') but no luck so far. I still believe it could be an Asian company that is using PTS as a backdoor to obtain control of the iron ore potential of WPG/EFE.

I am a little disappointed that they have been supporting the price as I intended to buy quite a few more expecting PTS to drop in line with the rest of the market, particularly given how much EFE and WPG have dropped back.

Had a good chat with PTS mgt today. Bit of humour :-)

Looking forward to their quarterly which is always a good read.

Cdchi1