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National Grid ADR repsg 5 Ord Shs V.NGG


Primary Symbol: NGG Alternate Symbol(s):  NGGTF

National Grid plc is a United Kingdom-based energy company. The Company's principal activities involve the transmission and distribution of electricity in Great Britain and of electricity and gas in the northeastern United States. Its segments include UK Electricity Transmission, UK Electricity Distribution, New England, New York and National Grid Ventures. The UK Electricity Transmission segment includes the high-voltage electricity transmission networks in England and Wales. The UK Electricity Distribution segment includes the electricity distribution networks of NGED in the East Midlands, West Midlands and Southwest of England and South Wales. The New England segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New England. The 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 13, 2008 1:34pm
293 Views
Post# 15183090

RE: Firecracker?

RE: Firecracker?

"Even with cash flow from Sinivit they would need to do an offering to fund Imwauna and given their history at Sinivit I don't think they could do it"

Technically, financing does not need to take the form of an offering - there are multiple means.  Additionally, we're talking about open pit - not underground. Tens of millions, not hundreds and hundreds of millions IMHUO.  Imwauna could be debt financed given 100,000 OZ per year output once Sinivit and Imwauna are in operation

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