Shares in Image Resources NL spin-out, Emu Nickel Ltd, opened at 39 cents each on their Australian stock exchange debut today, 22 per cent down on their offer price of 50 cents.

Shares in Image Resources NL spin-out, Emu Nickel Ltd, opened at 39 cents each on their Australian stock exchange debut today, 22 per cent down on their offer price of 50 cents.