ADY 22.2% 0.7¢ admiralty resources nl.

Plough. With no disrespect but the MC of TTY is approx.36%higher...

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  1. 25,520 Posts.
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    Plough. With no disrespect but the MC of TTY is approx.36%higher than that of ADY, based on a SP of 11c for TTY and 1.6c for ADY (ADY has a lot more shares on issue)). Maybe TTY's SP should be higher, that, of course, depends on the profitability of its contract etc. As we have discovered with ADY, volume is not neccessarily an accurate indicator of profitability.
 
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