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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 oldmtnmanon Sep 24, 2008 6:56pm
479 Views
Post# 15482381

re: what really happened.

re: what really happened.You have it exactly as it was relayed to me except for the figure typed as 6,000,000 as opposed to 7,000,000 shares, an obvious error in typing. I almost always find a spelling mistake or a typo problem when I look back at one of my posts.

Still, I understand your thinking, Grumpy - if we are to be favored with early favorable production information for August and September why would the cross not be held up till the results came out - hopefully it's because the Buyers were prepared to act only if they could acquire the shares in the .25 price range?

We seem to have seen change of ownership for slightly more than another million shares over the past 2 days, wonder if that's nervous or disgruntled shareholders or whether Macmin is still raising additional funds for their program? One can see shareholders becoming impatient, we're approaching the latter stages of 2008 while a review of the company history shows production was originally planned for 2005.

I still find the story and the logistics compelling but am becoming impatient as all get out to have our company get on schedule with the Sinivit production schedule of 3,000 ounces of gold per month and to see the proved gold resource on the Imwauna/Normanby project show increases to bring us to the point some of the bigger gold players begin to take some notice of us.



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