Worthington Group Forum

lol to dan

its a generic email i got one yesterday

Frankfurt: WRN is already listed since last week. The Symbol there is 095 or the WKN Number A0B7UB

Agreed Chris it is their speculative views and it should be respected. Every PI has THEIR reasons to be invested in WRN ultimately though to make a shed load. Interesting BB tonight lets keep it up. Hopefully another Q and A will come up on their website soon. The next 2 weeks look very interesting. Cheap as chips this SP and more deals in the pipeline. Goodnight

RE: CPS Deal: eggtastico you are right $ 30 Mio of financing over 3 years and then another Tranche becomes due of about $ 36 Mio. This can be financed and if financed, then it is huge value. So this is the reason why I said on one of my previous post, the first announcment has no value if it stays that way, it will have to Trigger the next 2 tranches.

I am very disappointed in the BB today. Pointless bickering that is aimless. The BOD stated a raft of NEW deals are coming online over the next month or so possibly this week. PI's like Chris are valid here, midcap has given valid questioning please keep the BB to be informative. Great stock love the fact it's not AIM and no stock available. A lot has been said about Frankfurt listing but not sure how this will affect SP. I have every confidence with the BoD. This is not a QPP I believe (I lost a bundle also there) shorting is not an issue here. CASH is a big issue here I believe and will be answered soon by the BoD. Litigation RNS deal should sort this out or Pension deal but not sure. I am looking long term but as ever awaiting next couple of weeks with anticipation. The BoD have delivered everything so far. PI's keep calm and be rewarded with patience. GL to all. This will be the best stock of 2014 for PI's I am sure. Anyone buying below 2.00 have done well

CPS Deal. It could work, but then WRN would have to finance the whole deal. Step by step. So the first Tranche would be at a deep Discount but then tranches 2 and 3 and here we are tallking about roughly $ 70 Mio would have to be at the market, best trough a convertible. Can be done, has been done before and will be done again. But of course first you have to start and the way I read, they are in contact with institutional Investors will to finance the first Tranche and I would then assume, they could as well finance the rest. Without CPS who has value and I have studied more than 58 pages from this deal, WRN will have it hard to stay with the stock Price where they are presently. Markets pay for earnings and expected earnings and markets pay for proven reserves and once in production the proven reserves become even more valuable. Conclusion: I will buy this stock if they do a deal with CPS and if not, this stock is overpriced by more than 50 %. IMHO

FRANKFURT: Some are still talking about being listed. They have been listed last week.

Today they tried to Balance the market. But as I mentioned before; With 39 Mio Options with a strike of 0.05 and 0.11 the capitalisation is beyond fair value.

FAIR Value: Those talking about fair value around £ 2 or £ 2.50 are forgetting a total of roughly 39 Mio Warrants with strikes of 0.05 and 0.11. If we take this into consideration then we would not talk about roughly 19 Mio shs. but down the road 58 Mio shs and if we translate this back then the stock Price should rather be around 0.70 - 0.90 All other things are dreams and we all know the market always goes back to reality.