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National Grid ADR repsg 5 Ord Shs V.NGG


Primary Symbol: NGG Alternate Symbol(s):  NGGTF

National Grid plc is an energy company. The Company's businesses supply gas and electricity to various customers and communities. Its segments include UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York and National Grid Ventures. UK Electricity Transmission segment includes the high-voltage electricity transmission networks in England and Wales. UK Electricity Distribution segment includes the electricity distribution networks of Western Power Distribution in East Midlands, West Midlands, and Southwest of England and South Wales. UK Electricity System Operator segment is the Great Britain system operator. The New England segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New England. New York segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New York.


NYSE:NGG - Post by User

Comment by grumpymonkey007on Jun 18, 2008 11:47am
198 Views
Post# 15198648

RE: Did Scotia dump to paint the close red?

RE: Did Scotia dump to paint the close red?IMO Delazus is correct,

NGG already has enough detailed information about the deposit to be able to initiate mining of the surface /near surface deposits and being vat leaching - the further drilling program is required to fully define the massive resources that are yet to be fully measured.  Keep this all in perspective - NGG has already defined more Au in the ground for Imwauna than they ever have for Sinivit and Sinivit is already in production.

I do not believe the CEO is saying hold off until drilling is complete - that would be ridiculous and thoroughly contradictory to industry norms.  To me the only negative is that the CEO seems determined to sell before Imwauana ever makes it into production - we will never get the return from selling Imwauana that we would from producing 70,000 Oz per year for decades...
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