But Sirius chairman Russell Scrimshaw insisted on Friday that supporting the Anglo deal would be the10 Feb 2020 07:35
Beleaguered investors in Sirius Minerals, the fallen darling of the stock market, were once again urged by the firm to back a £405million rescue bid from Anglo American on Friday.
Sirius, which is building a giant fertiliser mine in the North York Moors, has been on the ropes since last September when a planned $500million bond sale collapsed.
Earlier last week, Jupiter Asset Management – one of Sirius’s largest shareholders – called on the firm to find an improvement on Anglo’s rescue offer, equal to 5.5p per share. In the summer of 2018, Sirius shares were trading at nearly 40p.
But Sirius chairman Russell Scrimshaw insisted on Friday that supporting the Anglo deal would be the best option for investors and for the project.
https://total-market-solutions.com/2020/02/10/news-review-2/