Ann: Norwest Directors Unanimously Recommend MinRes' Revised Offe, page-99

This is joke offer number 2 and I will not be accepting.

They continue to grossly undervalue NWE and are taking us for absolute mugs, which is insulting. They can take a flying one for me. They are a long way short from gaining my interest, a long way.

Back to my previous point, the big question is can they get over 50% to gain control of the Board? Obviously I realise no-one can answer this question but that will decide the success or otherwise of what CE is trying to do here.