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.

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.

Finished up 33% on the day thanks Harry

this has really made the grade this week.

Looking good for a rise of at least 30% tomorrow.

Opened up 20% .

:-))))))))))))))))))))))))))))))))))))))))))))))))))))))))))
gl mitzy and everyone

Glad your happy.

Sort of reminiscent of Belair Cosmetics - anyone remember that company? 13p/share to c.£24/share in one year. It won Daily Telegraph 'Share of the Year' competition for me and 3 other shell spotters. Those happy days of finding shell companies - I thought that that era had passed away for good!
If the plan here goes according to the mgt's' aims the last 3 months of the year could be a tremendous ride.

Cant remember Belair are they listed.?

Cannot find them now. They were a shell back in the early '80's. Showing my age!

That's fine Sharesure it happen here you never know ..

What price do you see these going to..?

It's impossible to predict that, but the business model seems pretty straight forward. The legal case stuff is probably very lucrative and on the law of averages should be fairly easy to predict on a cash flow basis once the company can show the track record of wins v losses. (I am sure that they already have a good idea of that ratio and so would their bankers, Close Bros.)
Then get that 'run of the mill' stuff to fund the more speculative, but potentially much higher risk/reward ratio stuff like Oil & Gas and Rare Earths exploration. If the first part of the plan goes well they should not ever be in the usual explorers' nightmare of doing all the hard work, running out of money, and then getting taken to the cleaners by a second stage funder.
To me, this looks like a stock to stay with. I know on another board there are some detractors but my hunch is that they haven't thought about this in the right way. We'll see who is right soon enough, I suspect. I am staying with it. As the start date of the thread shows this has been a long time incubating.

We are up 50% now what an amazing share I'm not selling still adding I remember buying Asos at the low could have made millions.