also the todays PR is worth a reed...........ASX RELEASE 22...

also the todays PR is worth a reed...........


ASX RELEASE 22 November 2011 ASX Code: PMQ Sale of Investments Further Boosts Cash Reserves Cash reserves currently $4.4M, up from $3.8M since 30 September 2011

Cash & equity investments total $6.4M, representing 10.7 cents per share

Actively pursuing new opportunities whilst progressing existing projects KEY POINTS Planet Metals has realised approximately one third of its share investment in Frankfurt-listed Deutsche Rohstoff AG since September 2011. Total sale proceeds to date are over $850,000, thus providing a significant boost to the Company’s cash reserves. As at the date of this release, Planet’s cash on hand is in excess of $4.4M.

This compares with the Company’s current market capitalisation of $4.5M. The Company holds a further approximately $2.0M worth of Deutsche Rohstoff AG shares at current prices. Based on the Company’s current fully paid issued capital of 59.7 million shares, cash and equity investments represent 10.7 cents per share, compared with today’s closing share price of 7.5 cents per share.....


http://wotnews.com.au/announcement/PLANET_METALS_LIMITED_Sale_of_Investments_Further_Boosts_Cash_Reserves/1243954/


.....could be the initial for a nice final till the
end of 2011

brgds hbg55