As a new chapter arrived for the Woodsmith polyhalite project, with diversified miner Anglo American on Tuesday officially taking control, Sirius Minerals chairperson Russell Scrimshaw has expressed his hopes for the project and apologised to shareholders for the value that the takeover has delivered.
Sirius, which delisted from the London exchange on Tuesday, was bought out at 5.5p a share, but shareholders were left counting their losses as many have bought their holding at four times or more that price. The stock traded at about 20p a year ago.
“I know there has been much disappointment regarding the value to shareholders that the takeover has delivered. However, given the circumstances it was the only viable route forward.
“I am sorry we could not deliver what we hoped to."