UK 11:12 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Logo
Menu

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


WRN

Worthington Acid Trip - you just could not make this up - who goes bust first in the Scandi threesome?

Did someone drop some acid into my milk just now because I really feel that I'm on a quite amazing trip. Aceeeeeeed! Its Worthington (WRN) panto time.

Already a member? Sign in

Sorry, you have no more free pages.


• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 13 year archive

• ShareProphets Daily Newsletter


Cancel any time

This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

Comments

  1. PHULOSHITTOE is still posting these long winded blocks of drivel.- this fucking cretin really believes this pish.

    The RNS which announced the ten deals and $2 Billion NAV proves that deal partners are attracted to WRN, are happy to do business with WRN and are happy with the terms agreed.

    WRN has also stated, in the Q&A, that the pipeline of prospective deals has continued to grow. Even if any of the original ten deals had fallen through, there appears no shortage of prospective deals to choose from. Clearly, there is no shortage of prospective deal partners who are keen to partner with WRN.

    Even if, in the unlikely event, all of the original ten deals had fallen through, WRN successfully negotiated $2 Billion worth of deals before and would have no difficulty doing so again, if necessary.

    Whichever way you look at it, there is every reason to believe the conglomerate will resume trading with a large number of deals and many more prospective deals in the pipeline. And since $2 Billion NAV has already been stated by WRN, it’s fair to assume our total NAV most likely remains in that ballpark.

    Suspension in the company’s shares will not have prevented the business from progressing. And since we’re in the business of brokering deals, there is every possibility more deals may have been added over the last 18+ months.

    It was the original ten deals that triggered the RTO which led to the decision to merge with NUNA. And since we remain on that same pathway to resumption, it would appear we remain in the same RTO situation, ie, the size and number of deals remains on a scale that continues to trigger an RTO. Hence the ongoing intention to merge with Nuna.

    Meanwhile, 18+ months suspended and no action taken by the authorities suggests all is well behind the scenes.

    Whilst focus remains on Nuna for now, the bigger picture of course, is all about the conglomerate, the deals and the NAV. Personally, I’m really looking forward to hearing about our other deals, in particular property and consumer goods, both of which should be great for boosting Mcap and SP.

  2. Yeah right PhiloShittoe you t*sser – what have you got to say about this?

    https://nunaminerals.wordpress.com/leaked-emails-reveal-patrick-newman-victim-of-worthington-group-fraud-on-same-day-greenland-mining-management-listed-for-compulsory-strike-off-and-liquidation/

  3. https://nunaminerals.wordpress.com/2016/04/21/april-21-2016-leaked-email-no-2-shows-more-worthington-lies-oleg-sergi-schkoda-never-appointed-despite-false-rns-claim/


  4. Stuart Kaplan

    Wow, just wow.

    Looking at the LSE Asylum posts from today, apparently the wordpress emails are all faked, and it’s all a conspiracy by – wait for it… – Tom Winnifrith!

    When are these jackasses going to wake up?

  5. The waking up process is complete stukaman

    Perhaps TW would like to comment upon the allegations made by Phuloshittoe

    Posted by Philobeddoe on LSE WRN Sunday morning

    19 months suspended and no action taken by the authorities, specifically no strike off action by Company’s House and no cancellation of listing by the FCA, does appear to suggest the authorities are satisfied with WRN. With regard corporate governance, the fact WRN hasn’t had it’s main market listing cancelled by the FCA is proof WRN continues to satisfy it’s ongoing listing obligations. And part of those ongoing obligations involves compliance with rules around corporate governance, specifically DTR 7.2 of the FCA handbook. If the FCA were dissatisfied with WRN’s standards of corporate governance, they do have the power to intervene, assuming they felt WRN’s ongoing obligations for listing weren’t being satisfied. The fact they don’t appear to have done so, does appear to suggest they are either satisfied with WRN’s standards of corporate governance; or that they consider WRN/NUNA is being unfairly targeted, primarily by Tom Winnifrith, and that the threats posed are sufficient to justify and warrant such a “news blackout” during suspension, in order to protect the company, the bod and it’s shareholders – with the exception of officially released company announcements, which we have continued to receive of course.

    I would also echo what PB said around the “leaked emails” – it’s extremely odd and somewhat fishy that Tom Winnifrith hasn’t mentioned the emails on his twitter, website or sharemuppets blog. So why hasn’t he?….

    1. He wrote the emails himself and to do the dirty deed in the most anonymous fashion so as to avoid any possible legal repercussions, he posted it all on an anonymous wordpress blog and simply chose not to mention it, thus the “emails” were successfully deployed and nobody can link him to them (just to cover his backside, just in case).

    2. The emails are false, utter lies, made up trash. Winnifrith knows this and hence cannot plug them as fact because legally that puts him at risk and he knows it.

    3. Winnifrith simply hasn’t seen the emails or got wind of them (not a chance).

    The fact is, IF the “emails” were true, Winnifrith would be all over them. He’d be hammering nails into the coffin with all he’s got. He certainly wouldn’t be maintaining silence on them.

  6. Armitage Shanks

    The “shit for brains” moron probably thinks that he can find Juliet Bravo or Inspector Morse in the yellow pages.

    how fucking backward is this clueless bastard? Please send answers on a postcard to Picto who is a monumental prick and fonters who is the monumental prick’s even dimmer sidekick

    “I’ll do some digging fonters. I know a couple of ex coppers through my work who are now pi’s who dig around and find things out.”

  7. The paranoid arsehole that is Philoshuttoe is continually spunking out his usual shite about the whole world getting it wrong about this shower of lying bastards.

    EVERYONE else is dishonest, corrupt, foolish, holding shorts and now they are fabricating emails to undermine this utter stinking pile of shite.

    GROW UP YOU FUCKING IDIOT – ARE YOU DOUG WARE?

    “Perhaps the clue to the origin of the “emails” is the WordPress article itself. For months now, similarly written WordPress blogs have been published. Whoever published the “emails” blog, it would appear also wrote and published the others. And it’s not hard to work out by their content and the manner in which they’re written, that the authour of these blogs is most likely Tom Winnifrith. His motive for doing so may be in order to publish fabricated material anonymously – lies effectively, simply because an amonymous blog allows him to do so, whereas he can’t publish material he knows to be fabricated on his own website, presumably for legal reasons. The other reason could be when you google “NunaGlobal” you don’t arrive at a Tom Winnifrith website, whereas you do arrive at the blogs.”


  8. Russ O'Callaghan

    And so it came to pass that…..
    https://beta.companieshouse.gov.uk/company/09408353/filing-history/MzE0NjMzMTg1NWFkaXF6a2N4/document?format=pdf&download=0

  9. The arseholes on the LSE WRN board are getting themselves in a frenzy again.

    Apparently all those non existent shorters that they keep going on about are shitting themselves! YAWN!

    This utter pile of doodoo is going to make them millions anf there are the best part of a few hundred posts over the last 24 hours from every brainless prick who inhabits that board.

    I nominate EVERY one of them for Bulletin Board Moron of the week. Stupidity on this scale is almost beyond comprehension.

Complete Coverage

That Was the Week that Was 7 Days of ShareProphets

Wednesday »

QBT
ANOTHER EXPOSE: Quantum Blockchain – it is still not telling the truth about the Italian house!
  • By Tom Winnifrith
  • 7 October 2026, 08:33

Tuesday »

Bearcast
Tom Winnifrith Bearcast No 2: It's October 7 tomorrow and Britain sickens me again & why there is no Kenmare read across
  • By Tom Winnifrith
  • 6 October 2026, 16:20
SNX
Synectics – “confident in the group’s growth opportunity” but wasn’t it also confident before?, And…
  • By Steve Moore
  • 6 October 2026, 16:20
KEN
Kendrick: surely statement needed on the placing that is underway?
  • By Tom Winnifrith
  • 6 October 2026, 14:20
TEP
Telecom Plus – trading update emphasises “encouraging progress”, but how ‘encouraging’ really?
  • By Steve Moore
  • 6 October 2026, 14:14
Bearcast
Tom Winnifrith Bearcast No 1: Amaroq day
  • By Tom Winnifrith
  • 6 October 2026, 13:31
MVI
Marwyn Value Investors – interims, “a number of different routes to further value creation” BUY
  • By Tom Winnifrith & Steve Moore
  • 6 October 2026, 12:07
MPAL
MedPal AI – sales are vanity , cash is fact and so is a lack of it
  • By Tom Winnifrith
  • 6 October 2026, 11:45
CLBS
Celebrus Technologies – I having previously questioned its contractual conversion from a “strong” pipeline, what about now a “Half Year Trading Update”?…
  • By Steve Moore
  • 6 October 2026, 11:40
EDEN
EXPOSE: Eden Biosolutions – revisiting the dodgy TerpeneTech transaction as new accounts out, this is as kosher as a pork pie
  • By Tom Winnifrith, the Sheriff of AIM
  • 6 October 2026, 08:57
AVCT
EXPOSE: Avacta Placing – the truth behind Project Hawkeye
  • By Tom Winnifrith
  • 6 October 2026, 08:27

Monday »

HERC
Hercules – “New Water Sector Contract Wins” announcement, ramptastic?
  • By Steve Moore
  • 5 October 2026, 15:50
Bearcast
Tom Winnifrith Bearcast: a challenge for Bexley YC's 57 year old chairman, the Quantum scandal and Amaroq for the FTSE 250 this week?
  • By Tom Winnifrith
  • 5 October 2026, 15:02
QTX
Quartix Technologies – “pleased to report a continuing strong financial performance”, how “strong” relative to the valuation?
  • By Steve Moore
  • 5 October 2026, 14:00
Beggar
What's the benefits bill where you live? Fascinating new tool from the TPA
  • By Tom Winnifrith
  • 5 October 2026, 13:17
VSVS
We tipped the shares then came the bid
  • By Tom Winnifrith & Steve Moore
  • 5 October 2026, 12:34
QBT
EXPOSE: Has Quantum Blockchain misled investors about the Italian House? Part 2
  • By Tom Winnifrith
  • 5 October 2026, 12:15
ENSI
EnSilica – full-year results emphasise “moved into profitability”, but still cash-burning…
  • By Steve Moore
  • 5 October 2026, 11:38
QBT
EXPOSE: Has Quantum Blockchain lied to investors about the Italian House?
  • By Tom Winnifrith, the Sheriff of AIM
  • 5 October 2026, 10:42
PBX
Is it always a bad sign when you switch auditors to PKF Littlejohn?
  • By Tom Winnifrith
  • 5 October 2026, 10:12
Clown
Win a bottle of champagne from Lucian Miers MMT contest
  • By Tom Winnifrith
  • 5 October 2026, 09:15

Sunday »

Bearcast
Tom Winnifrith Bearcast: As YOUR hard earned cash is being used to punt on an AI ramp, I look at the whacky accounts of FN Advisory
  • By Tom Winnifrith
  • 4 October 2026, 20:02
AAU
Ariana Resources – Dokwe project Feasibility Programme update follows interims, Buy
  • By HotStockRockets
  • 4 October 2026, 18:05
Gold
The View From The Montana Log-Cabin As Gold Falls Again In Face Of Bond Rout
  • By Nigel Somerville
  • 4 October 2026, 17:22
Quiz
The ShareProphets Sunday Pub Quiz #366
  • By Darren Atwater
  • 4 October 2026, 13:28
Blackboard
Visual Aid: Who Controls the Critical Minerals Powering AI?
  • By Darren Atwater
  • 4 October 2026, 13:17
URU
URU Metals – Last Minute Results And A Bucket-Shop Special Smash’n’Grab Placing
  • By Nigel Somerville
  • 4 October 2026, 13:16
Reading
Sunday Long Reads: Britain back in EU?, Lazy Hitler, Electrician Wannabee, I, Claudius, AI v the Pope
  • By Darren Atwater
  • 4 October 2026, 13:14
Top-10
Notes from Underground – Most read articles for the week ending October 3
  • By Darren Atwater
  • 4 October 2026, 13:14

Saturday »

Bearcast
Tom Winnifrith Bearcast: £1.2m of questions as the Reabold bid for Union Jack fails
  • By Tom Winnifrith
  • 3 October 2026, 20:46
V3TC
Vaultz Capital – third time lucky? Not on your nelly - more red flags than May Day in Moscow
  • By Tom Winnifrith
  • 3 October 2026, 19:14
Atomic
Video: The Uranium Blow-Off Top, AI Hyper-Scalers & ‘Huge Value’ in The Miners
  • By Tom Winnifrith
  • 3 October 2026, 17:16
BMS
Braemar – half-year trading update, an “increased volatility”-benefitting Buy
  • By HotStockRockets
  • 3 October 2026, 17:10
Price-Vs-Value
ShareProphets readers tips for 2026 prize competition – (just after) end-September update
  • By Steve Moore
  • 3 October 2026, 16:55

Friday »

Bearcast
Tom Winnifrith Bearcast from my sick bed
  • By Tom Winnifrith
  • 2 October 2026, 16:22
KMK
Kromek – “expansion to its revolving credit facility”, but I thought it was profitability “slightly ahead of expectations”?
  • By Steve Moore
  • 2 October 2026, 16:20
EAAS
eEnergy – “pleased to announce” fundraising. Er, really?!…
  • By Steve Moore
  • 2 October 2026, 14:38
Gold
Video: Why These Critical Metals Will Explode Higher, ‘Uncharted Territory’ For Gold
  • By Tom Winnifrith
  • 2 October 2026, 13:21
PDL
Petra Diamonds misleads as it finally fesses to the HMRC winding up petition
  • By Tom Winnifrith
  • 2 October 2026, 13:11
RM
RM plc – sale of Technical Teaching Solutions business, still a sum-of-the-parts Buy
  • By HotStockRockets
  • 2 October 2026, 12:49
VLRM
EXPOSE: Valereum interim accounts demonstrate grotesque non compliances with IFRS 9
  • By Tom Winnifrith
  • 2 October 2026, 12:05
AMRQ
Amaroq – “pleased” with further Nanoq drilling programme and metallurgical test work, here’s why…
  • By Tom Winnifrith & Steve Moore
  • 2 October 2026, 11:57
QBT
Quantum Blockchain Technologies deeper dive accounting nerdery, nothing adds up, wholesale IFRS breaches
  • By Tom Winnifrith
  • 2 October 2026, 11:48
Bear
The Easy Money Fairy Tale Is About To End Violently says the world's second most foul mouthed financial podcaster
  • By Tom Winnifrith
  • 2 October 2026, 11:45

Thursday »

Boom
Fagash vs Chris Gilbert death match Round 2 at Sharestock 2027: early bird priced tickets on sale now
  • By Tom Winnifrith
  • 1 October 2026, 16:34
Bearcast
Tom Winnifrith bearcast: a new share trade
  • By Tom Winnifrith
  • 1 October 2026, 16:22
ECP
EXPOSE: £24m cap Eight Capital Partners declared profit but a looming liquidity challenge
  • By Tom Winnifrith
  • 1 October 2026, 14:43
TPT
Topps Tiles – “expects adjusted profit before tax for the full year to be in line with current market expectations”, not the initial expectations though!…
  • By Steve Moore
  • 1 October 2026, 14:17
QBT
Quantum Blockchain Interims: how is this AIM posterboy company not classified as bust?
  • By Tom Winnifrith
  • 1 October 2026, 13:13
Beggar
To be fair to Andy Burnham and chancellor Healey as the 30 year bond tops 6%
  • By Tom Winnifrith
  • 1 October 2026, 11:26
LST
Light Science Technologies – after just in August “confidence in a strong second half has strengthened”, why are the shares now slumping on a “Trading Update”?…
  • By Steve Moore
  • 1 October 2026, 10:53
ECOB
Eco Buildings – interims, a progress in Albania and elsewhere STRONG BUY, this could multibag by Christmas
  • By HotStockRockets
  • 1 October 2026, 10:40
VLRM
Valereum Interims Part 1: A fess up on past untruths, the auditor calls out cock & it looks to be bust!
  • By Tom Winnifrith
  • 1 October 2026, 10:31
Bully
Paul Mathieson back where he started – my mother’s suicide, this time he ropes in my late father as well
  • By Tom Winnifrith
  • 1 October 2026, 08:06

Wednesday »

WPHO
Windar Photonics – interims, how strong a base now “to restructure and grow the business”?
  • By Steve Moore
  • 30 September 2026, 16:27
Bearcast
Tom Winnifrith bearcast: from Avacta's crazy valuation to a £1 billion joke, Mr Turd and a potential 25 bagger
  • By Tom Winnifrith
  • 30 September 2026, 14:57
KEN
Kendrick interims: do the maths, its got no money at all! Bailout placing ahoy! £24 million Timber!
  • By Tom Winnifrith
  • 30 September 2026, 13:18
TAND
Tan Delta Systems – interims argue “a strategic market position with a compelling offer”. Really?
  • By Steve Moore
  • 30 September 2026, 13:05
TLW
Tullow $393 million tax blow – could that sink the ship?
  • By Tom Winnifrith
  • 30 September 2026, 12:46
Bear
Video: Food Shortages, Inflationary Spiral & Why Gold Miners Will Benefit ‘Tremendously’
  • By Tom Winnifrith
  • 30 September 2026, 11:27
SALT
If Microsalt hits breakeven in 2027 as it promises I am a banana & so is Evil Banksta
  • By Tom Winnifrith
  • 30 September 2026, 10:53
FUTR
Future plc – argues trading “in line”, but why after previously “accelerating” its share buyback is it now to “pause” it then?
  • By Steve Moore
  • 30 September 2026, 10:37
BMV
BREAKING: Sath Ganesarajah of Bluebird breaks the rules yet again
  • By Tom Winnifrith
  • 30 September 2026, 10:09
AGI
EXPOSE: Potentially AI – significant loss in last interims before RTO and breaches of IFRS accounting standards
  • By Tom Winnifrith
  • 30 September 2026, 10:03