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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

Post by grumpymonkey007on Sep 11, 2008 12:14pm
441 Views
Post# 15448409

Conference Call notes cont.

Conference Call notes cont.*Q5 [private investor paraphrased] "yes market is bad but you guys have repeatedly missed forecast production and we didn't find out until just before earnings that you were going to miss again.  What are you going to do to mitigate this in the future?  SP has dropped significantly this year"
* [IR paraphrased] - repeatedly talks over the investor - "we are not talking about SP performance this year only the last two weeks.  do you want an answer or do you want to keep talking?"
*A5 [CEO paraphrased] "we try to keep you all informed and of misses"

*Q6 [prviate investor paraphrased] "vats have been used in mining sinc ancient rome, why do you guys keep screwing them up?"
*A6 [CEO paraphrased] "vats are more an art than science and not all that common these days.  Sinivit vat geometry constrained by mine topography"

[maybe a few more questions here - I was busy trying to register my own questions...]

*Q [Jim Kauffman paraphrased (funny how he keeps making it through)] "so how long 'til we have a 3-4M resource estimate for Imwauna?"
*Q [CEO paraphrased] "a couple of years"

[Forbes paraphrased] "forward looking conference call, usual caveats and cautions apply"

Cheers,

GM
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