Quiet ASX debut for Aluminex

Perth-based Aluminex Resources Ltd remarkably managed to escape unscathed from the day's bloodshed because none of its new shares were traded.

As the Australian market plunged over four per cent today, Aluminex slipped under the radar of investors with no trades taking place in the company.

The company had delayed its listing date by over a week after extending its deadline to accept late applications for its $10 million initial public offer with shares priced at 40 cents each.

The company reached its minimum subscription level of $2.5 million.

Aluminex holds a suite of tenements in Western Australia and the Northern Territory that are prospective for bauxite, nickel, gold, base metals and uranium.