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.
Where are we with the complete joke that is Old Mother Worthington (WRN)? It is getting interesting again. You may remember that Aiden Earley and the merry gang had decided not to seek a retention of their full listing in London which is a great shame as the prospectus would have been a hoot, but instead to reverse into bankrupt Nuna Minerals in Denmark. Hmmm.
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Comments
turbograndad
Tom, the sooner this POS is put out of its misery the better.
Its been a classic case of what PI’s should look out for, and the kind of people that inhabit the AIM cesspit, AVOID!!!!!!!
Russell O'Callaghan
Agreed, TG and, of course, agreed, TW.
If you look on a couple of sites you’ll se that Worthington only has a handful of employees, so these “World-ranking Conglomerate” dreams always were a bit premature, weren’t they?
Does anyone even know what it does? Is it even trading in anything at the moment? There are never any updates on its website about its present business (if any). Why aren’t shareholders the least bit concerned about this? Weird.
Thanks to Mungo - feature highlights how a Nuna deal would make Korean, Greenland and Danish government shareholders in WRN. Is that the "credibility" value Worthington wants from Nuna Minerals RTO to con a new set of PIs?
An interesting piece on what looks like a very recent magazine regarding Nunaminerals on page 20 http://en.calameo.com/read/0007751941e35b23bfb93
Mentioning the investors as Continental Resources Development Group (who have a holding in the recently formed Nanoq Resources) and Patrick Newman but not a jot about Worthington Group….. With the shareholders of CRD to be introduced to the board. They have either splintered off from Worthington or acting as proxy