National Grid ADR repsg 5 Ord Shs V.NGG

Primary Symbol: NGG Alternate Symbol(s): NGGTF

Utilities Utilities - Diversified

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.

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National Grid ADR repsg 5 Ord Shs

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Comment by grumpymonkey007on Apr 02, 2009 9:52am

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Post# 15890723

RE: Cash flow positive / overhang

"Considering that the statement was made when the poor months of January and February were already in the bag,"

The we know it is somewhere between 3,500 Oz (Q4 production) and 4,500 Oz (already stated missed target for Q1).

Great to know NGG is at least cah flow positive Q1 - with only a 3MM buffer before further financing, this is very good news.

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