National Grid ADR repsg 5 Ord Shs V.NGG

Primary Symbol: NGG Alternate Symbol(s): NGGTF

Utilities Utilities - Diversified

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.

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National Grid ADR repsg 5 Ord Shs

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Comment by grumpymonkey007on Jul 10, 2009 12:56pm

261 Views

Post# 16130070

RE: NGG - MD & A - No further dilution this year

Beaver,

Are you purposefully trying to mislead new investors by hiding development costs? You know that development of the infrastructure to mine the second lense at Sinivit and the devlopment of the mine at Imwauna will cost on the order of 50mm that NGG does not have?

Financing is imminent, whether operations break even or not.

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