Ann: BPT: Counterproposal to acquire Warrego, page-8

Gina won't lose this as her pride will not allow it. She is richer and will not be defeated over a few million.

Beach latest offer is effectively 28c if you say the Spanish assets are worth 3c.

I would like to see Hancock's counter significant enough to put Beach to bed.

We are now increasing in 5 cent increments. 33c excluding the Spanish assets should do it. I would accept that Gina.