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.

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...

It's not possible to be in them all, rf! Just be aware that this has gone up very fast.......much like QPP & COMS. The hot money may not last long.

Up 30% at Midday.

and again rns :-)

RNS out.

StockMarketWire.com
Worthington has announced that survey work has begun in the Paatusoq field by EON Geosciences Inc, one of the world's top teams of geophysicists with extensive artic experience on the ground.

The geophysical survey of the field is the prelude to a multi-phase, field program in 2015.

The Company also reported that a further agreement has been reached whereby it will, subject to the successful conclusion of GREP's negotiations to acquire a neighbouring License ("NL"), invest a further US$500,000 in order to purchase an additional 10% interest in GREP. This will help finance working capital and assist GREP in the purchase of the NL; this, together with Worthington's existing GREP shares and options, will increase Worthington's interest in GREP to 51%. In order to finance this second phase of the GREP investment, Worthington is placing up to GBP 500,000 of unsecured convertible loan notes ("UCLN") with specialist investors.

The UCLNs will pay an interest coupon of 4.5% per annum, they are convertible at any time after three months from the date of issue, at the option of the loan note holders, into Worthington ordinary shares at a price per Worthington ordinary share of £1.70. To the extent that the loan notes have not been converted within three years from the date of issue, Worthington may elect to, either redeem the loan notes for cash, or issue to the Loan Note holders new Worthington ordinary shares at a price per Worthington ordinary share of £1.60.