Michael Edelson, serial director, and amongst other current directorships on the Board of Singer & Friedlander AIM3 VCT plc, has been appointed to the Board of WRN to assist Joe Dwek, current chairman, holder of over 17% of the equity and currently ubderwriting WRN's term loans, in seeking to merge, acquire or reverse WRN into a new business. WRN already has valuable property assets which have Change of Use potential, so the company might readily appeal to a private property company seeking a full listing.
The shares are thinly traded and have already responded to this recent appointment in anticipation that a deal will not be long in coming. The right deal should make this stock motor.

well all afternoon for me moneyam has been extremely slow or just not loading up at all - it is the only site I have a problem with so must be moneyam - except iplayer just now which is a known bbc problem being fixed - may have to look for another platform so frustrating
atb

crikey so slow the post came up twice

.

Senior Appointments to Worthington Group plc and Statement regarding CPS Energy Resources Plc.

http://www.moneyam.com/action/news/showArticle?id=4898610

40p anyone?

Hope not and doubt it too. It says something that the sp has stayed at the current level given what appears to have been a fairly big shorting exercise coupled with some less than flattering press comment, some of which the company has only itself to blame for eg spelling mistakes in its RNS'.

".....has stayed at the current level...." We must be looking at different charts!

WTF. I wasn't thinking of selling any for the time being so fluctuations in the sp are somewhat immaterial. As to whether I would buy more depends upon whether I get any answers to my queries and if I am satisfied with them.

No problem. Of course the decision to invest is yours, but sp has fallen another 10% while we have been posting!.
Just as another warning and I am sure you are following posts on other BB's, but another controversial topic is Warrants and best summed up buy TX2 on the iii website:
" I remind interested parties that there are 20 million warrants outstanding which can be converted into shares @ 5p in favour of the then vendor of Law Financial who was paid with a £1m Convertible Loan note which can be converted on these terms (please see RNS from April last year for confirmation of details);there are in addition a further 15m + warrants available for conversion on various dates at between 5p & 10p.(Please see accounts for confirmation).These dramatically dilute present shareholders interest.
As these warrants are "in the money"(ie the current shareprice is in excess of their conversion value) it is normal to assume they will in due course be taken up."

the chart tells you all you need to know ...... rocket and stick!

Harrycat, Have you forwarded that extract to the CEO on WRN's website? Given all of the changes in the company structure that have taken place it would be interesting to hear what the Board have to say about those warrants.

Trading Statement
The Company is pleased to confirm that it is making excellent progress in its key investment areas:

Media - In relation to its existing portfolio of media investments, the Company is able to announce that bookings for the Great British Entrepreneur Awards, due to be held in November 2014, are more than 50% up on the same period last year. The judges this year include Sir Malcom Williamson, Chairman of Friends Life Group Plc, and Peter Ibbetson, Chairman of Business Banking for Nat West and RBS. The "Great British Entrepreneur Awards", "The Digital Marketing Show" and the "Britain means Business Expo" - all now owned by Worthington - are collectively the largest events taking place in the UK as part of the "Global Entrepreneurship Week" activities in November 2014. Over 10,000 visitors are expected at these events which take place at Excel and Old Billingsgate.

Supporting these events, the second edition of the "Britain means Business" magazine, also now owned by Worthington, will be published in November 2014 and will preview the inaugural "Entrepreneur Power 100 list" of the most influential supporters of UK entrepreneurs.

Further media investments are due to be completed within the next ten days which are expected to add significantly to Worthington's income stream.

Legal Claims - the Company expects to be able to announce details of the acquisition of two further substantial claims within the next seven days.

New Investments - the Company is also in discussions to acquire a significant number of new investments. They include: a majority interest in a substantial international, profitable and cash generative clean energy company; a significant minority interest in a private mining company with large proven reserves which is expected to be quickly cash generative; plus a substantial interest in a listed mining business; and also the acquisition of majority stakes in oil and gas producing assets.

The Company expects to be able to report further in relation to these investments shortly.

Rare Earth Elements - Worthington is pleased to confirm that its partners, NunaMinerals A/S (COPENHAGEN: NUNA.CO / NUNA.DC) and exploration partner Greenland Rare Earth Projects Ltd (GREP) have announced that, on Saturday 4th October 2014, they successfully completed a helicopter-borne radiometric survey at the Paatusoq Critical Metals Project in South East Greenland. A total of 1529 line-kilometres of data acquisition were conducted by EON Geosciences Inc. of St-Laurent, Québec, Canada. The geophysical program was funded by Worthington and its partner GREP under an Option Agreement with NUNA announced by the Company on 1st September this year.

Ole Christiansen, CEO of NunaMinerals stated,"The successful acquisition of airborne radiometric data is a significant development for the Paatusoq Project. The Gardar Alkaline Igneous Province of South Greenland is one of the best exploration addresses for critical metals globally, with several world-class deposits under development. As well as being one of the largest intrusive centres in the province, Paatusoq is also an entirely virgin exploration target. The newly acquired geophysical data will allow us to generate and prioritise exploration targets for our 2015 field program with Greenland Rare Earth Projects Ltd"

Doug Ware, CEO of Worthington commented: "We are very pleased to be on schedule. We expect that final data will be with NunaMinerals by November this year and will be used to delineate exploration targets for the 2015 field program. This will target the rare earth elements, niobium, tantalum and zirconium (+/- uranium, thorium) minerals. The Company will be reporting back to investors as soon as that data is available". Full details about NunaMinerals, including their announcements, can be found on their website: www.nunaminerals.com.

Looks like this company is complete rubbish !.....if you are interested in rare earth minerals check out a few other companies that are up and running....it was great for a superb profit for a week or so....but the company looks like all nonsense....

Spot on there rf! Their trading statement is so thin on facts that I can't believe they actually released it.
Bizarrely the sp is up 20% on the back of it!

It looks like a cowboy firm....unfortunately they breed well in the UK....

In fact what do they own ?......I could write out the rubbish they have just posted !...

Now up 62% on the day! There's money to be made in........... the short term!

Just can't bring myself into buying this......I reckon a crowd of barrow-boys that have set this company up.....sharp suits...ties....bollocks bla...bla...bla....and here you are...there in all the quick buck schemes...still I wouldn't mind making a bob or two out of this...but .....

If you want a laugh have a look at the LSE (London South East) discussion board!
http://www.lse.co.uk/ShareChat.asp?page=1&ShareTicker=WRN
If you want to make a quick buck, then best get in & out quick first thing in the morning.
Just try and not get sucked in to the banter from a load of people who either have their own agenda or who have absolutely no idea what they are doing!

RF, well, don't. The company doesn't need short termers. It's anyone's guess whether the deals will prove good or turn sour, and if you are going to be nervous all the time, just move on to something else.