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.

more to come here 100p close now
yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa


Worthington Group said three weeks on from the restoration of trading in the company's shares it can report that progress is being made on all fronts.

The Company can confirm that work in the field has begun in relation to its Greenland Rare Earths Project, and a more detailed update will be given later this week.

The Company is also currently in discussion to add further substantial claims to its growing litigation portfolio. In addition, the Company's expects to be able to make an announcement in relation to its first media investment within the next seven days.

Doug Ware, CEO, commenting on its potential major Oil & Gas investment said, "Due diligence is well on track and, subject to final reports, we remain hopeful that we will be able to make an announcement as anticipated by the end of September".

Commenting on other developments, Mr. Ware said,

"We will also be making an announcement soon regarding arrangements that we have been making to enable international investors to trade Worthington shares in their local currency, thereby increasing the attractiveness of Worthington to internationally.

"This will serve to increase trading volumes, and therefore liquidity, in the Company's shares; this is an essential part of our strategy to build Worthington into a Global investment company. I am also pleased to report that our pipeline of international investment opportunities, at varying stages of negotiation, continues to grow."

At 9:13am: (LON:WRN) Worthington Group PLC share price was +4.75p at 36.75p

yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

on the move - taking positions

@Alexios1201: WRN
Tiny resistance at 75p area
Once 76.55p(261.8%) breaks, 100p minimum and next fib expansion target of 122p(425%)

This is wave3

BULL

yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

Great to see a CEO doing what he says he will do. Today/tomorrow - looks set for another building block to be put in place.

Frankfurt listing RNS as promised by the company. Nice to see that shares cannot be nakedly shorted since that was reckoned to be a problem with Frankfurt in the past. US listing being planned Q1 2015.

yep 4 more rns to come :-)

more tomorrow & fyi

Shares outstanding 12.87m
Free float 8.49m

http://markets.ft.com/research/Markets/Tearsheets/Summary?s=WRN:LSE

A possible 10 /20 bagger imo.

Well done here you lot , good call.

Isn't this the company that was restored to market at 0.6p ? or something like that...now 90p......??????....incredible.....or have I got things wrong here....

Ask gibby he is the man or Sharesure of course.

cheers jimmyb
agreed mitzy
surprised required
atb

RF, Slightly. Suspended at 3.25p.From suspension it shot to around 32p straightaway. There is a lot of news flow in the pipeline and the businesses which it is now operating in should propel it forward at a fairly swift rate given its low current market cap.

Up 10% right now.

yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

Up 25% is this correct.?

Yes, but a 6% spread.

Well....I kept on thinking...not sure (and this was around I think 16p).....and then 30p...same thing ....etc....now 120p or so.....aggghhhh...