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Australian Bauxite debuts at a premium

AUSTRALIAN Bauxite debuted on the Australian Securities Exchange today at a 50% premium to its A20c issue price.

Kristie Batten
Australian Bauxite debuts at a premium

Shares hit a high of 32c before closing at 31c. The company’s $4 million initial public offering was closed three weeks early after being heavily over-subscribed. Hudson Resources formed the company...

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