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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 Mar 31, 2009 12:32pm
389 Views
Post# 15884632

RE: RE: Per latest release, Weiko + Imuauna

RE: RE: Per latest release, Weiko + Imuauna"The market is not reacting one bit to this PR. Was it leaked last week, thus the heavy volume? "

There is nothing new in this release to trigger any trading - the results are historical.  So essentially all this release states is [paraphrase]

"We need to drill 15 holes or the government will revoke our mining rites at Weiko.  Here's a re-hash of our previous drill and trench results.  We'll get 43-101 based on this 45 holes (only) sometime in the future"

would you really expect significant movement based upon this release?  quite frankly - it makes me a little nervous - the only releases I want to see out of NGG in the near future are: i. production guidance, and ii. earnings.  anything else is PR.  The only time you need PR is when..well, you know.
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