Sirius Minerals on a cliff edge as investors wait on Anglo American deal

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Sirius Minerals on a cliff edge as investors wait on £405million Anglo American deal

By A Daily Mail Reporter

Published: | Updated:

Sirius Minerals shareholders face a do-or-die vote tomorrow on the £405million takeover by Anglo American.

The Yorkshire-based firm, which is developing a huge potash fertiliser mine under the North York Moors, has pleaded with investors to back the bid by the FTSE 100 giant.

Sirius shareholders face a vote tomorrow on the future of the company

Sirius bosses claim there is only enough money to last until the end of the month and the company will collapse if Anglo’s rescue is not given the green light. 

But there is a growing backlash that could see the 5.5p-per-share offer rejected by many of the 85,000 private retail investors.

A year ago Sirius shares were trading at around 20p. On Friday, they fell another 11 per cent to 4.44p.

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