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NIQUEST LAST FLOAT IN AUSTRALIA FOR 2003.

AsiaPulse News

| January 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

PERTH, Jan 1 Asia Pulse - Shares in junior explorer NiQuest Ltd (ASX:NIQ) hit the boards at a premium last night in the last float for 2003 on the Australian Stock Exchange amid a 14-year high for nickel prices.

The Perth-based company debuted at 26.5 cents, a 6.5 cent premium to its 20 cent issue price in the 124th listing on the ASX for 2003 - and the 96th for the 2003/04 financial year.

It closed trading at 25 cents on a volume of 890,000 after an intraday high of 29 cents.

NiQuest director Rob Greenslade was very pleased with the company's debut which he said would have been partially driven by the price of nickel hitting 14 year highs of $US16,650 a tonne on the London Metal Exchange on Monday.

"That would have played ...

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