Spoilers for pretty much every Ghost Fragment of The Last Word and Thorn contained.
Here's my theory of the connection between the two, and Dredgen Yor/Palamon and Jaren Ward.
[spoiler]If you read the Grimoire card "Ghost Fragment: The Last Word 3", it says that Ward went off into the forest by himself, fired off a few shots (it specifically stated the shots were from The Last Word), and never returned. But, in "Ghost Fragment: Thorn 2", Yor encounters a party of four. The only shots fired are from Thorn. After reading these comments it almost sounds like Yor killed Ward. But he couldn't have. Ward died alone and he fired shots; but Yor killed a party of four, and *he* fired shots. It doesn't add up.
However, in "Ghost Fragment: The Last Word 3", the narrator does state this: "Three less than two moons prior, but still, one more than when we'd first turned our backs to Palamon's ash." WHEN WE'D FIRST TURNED OUR BACKS TO PALAMON'S ASH. This means that Ward probably killed Yor or that Palamon turned into Yor and the group abandoned him. I can't tell for sure. It also states this: "We all woke that night, closer to morning than the previous day.
A crack of gunfire split through the wood. Then more.
Far off, but near enough to pump the blood.
A familiar ring. "Last Word." Jaren's sidearm. His best friend.
Then another. A single shot, an unmistakable echo calling through the night. Hushed, cutting.
One shot, dark and infernal. Followed by silence."
A dark and infernal shot. Maybe the final shot given off by Thorn in "Ghost Fragment: Thorn 2"? Still, I don't know. But I can tell that Ward and Yor were most likely two very different people with some sort of feud against each other. Not to mention that in "Ghost Fragment: The Last Word 3" the narrator talks about them tracking somebody. Paired together with leaving Palamon's ashes, it sounds like they were tracking Palamon (now Dredgen Yor) and Ward was killed by him.
One of them killed the other. Or they killed each other.[/spoiler]
I'm sure there's a way to explain it, but for the moment I'm mostly convinced that Yor and Ward were two separate people.
Not to mention that they both die in different ways, with different guns.
(Maybe they're the "Good Twin" and the "Evil Twin", I dunno.)
EDIT: After considerable time and revising of my theory (and the handy-dandy release of the "Thorn 4" Ghost Fragment), I now have a new entry.
Spoilers ahead for Ghost Fragment: "Thorn" and "The Last Word" (pretty much all)
[spoiler]After reading "Thorn 4", I now believe that in "The Last Word 3", the group with Jaren Ward was indeed hunting Dredgen Yor, after having facing the fact that Palamon was no more. As we all know, Palamon gave up his self and his Rose to become Dredgen Yor, with his Thorn. Palamon, the hero, started killing innocents to prove that he was.. more, corrupted by the Darkness.
Here, we see a small part the conversation between Ward and Yor. Ward is the first voice.
"[u.1:4.1] I rekindled your Light, it falls first to me to aid in its survival.
[silence]
[u.2:4.2] I tire of it.
[u.1:4.2] You must try...
[u.2:4.3] I tire of you.
[u.1:4.3] [REDACTED]...
[u.2:4.4] That is no longer my name.
[u.1:4.4] I will not speak the other.
[u.2:4.5] It doesn’t matter. This is where we part ways.
[u.1:4.5] I will not leave you.
[u.2:4.6] I am leaving you.
[u.1:4.6] Without me, your journey ahead will be more than any one Guardian can handle.
[u.2:4.7] That’s the point. It’s been sometime since you saw me as worthy of walking among those I once called brother and sister. Yet... anymore, I feel as though I am worthy of so much more.
[u.1:4.7] Without me... You will die.
[u.2:4.8] Someday. Won’t be the first time."
So Yor was a pupil of Ward, who - with a savior complex - tried his best to guide him in the proper ways. But Yor, ultimately thinking of and for himself, let himself become corrupted by the Darkness. The redacted entry was most likely his old name, Palamon.
"[u.2:5.0] You will. Or I will carve the Light from your shell and leave the carcass of my first and last friend in the dirt of this dull, red world for no one to find."
Yor isn't afraid to kill Ward and leave his corpse on Mars, drained of Light and let to rot. An even larger indication of his mind - his sanity - being lost.
And here's another connection to Ward's hunt, and ultimate death:
"[u.2:5.4] When you speak of me, use my proper name. Tell them of the man that stands before you, not the ghost of the hero I once was.
[u.1:5.2] You will always be [REDACTED] to me.
[u.2:5.5] If you cannot let that man go, you will forever taint his legacy. All the good I have ever done will be washed away in the fire of who I have become.
[u.1:5.3] If you care, there is still some promise within you.
[u.2:5.6] If I am being honest, I care only to give hope to the frightened, huddled masses so that when I come upon them they will have more to lose. Their pain will be greater. Their screams more pure.
[u.1:5.4] You...
[u.2:5.7] Nothing dies like hope. I cherish it.
[u.1:5.5] You’re a monster.
[u.2:5.8] Finally, you see the truth.
[u.1:5.6] [REDACTED] is truly dead.
[u.2:5.9] So I’ve said. Long live Dredgen Yor.
[u.1:5.7] This is farewell, but you can only run from your sins so far. In the end, you will die alone.
[u.2:6.0] Maybe so. But I gotta tell ya... I tend to like my odds.
[u.1:5.8] Your tainted “Rose” will not always save you.
[u.2:6.1] Old friend... It already has."
Perhaps it was here that Ward turned his back on Palamon's ash? If so, then Jaren Ward did not live long afterwards, nor did he succeed in his mission to stop, or end, Dredgen Yor.
Perhaps this is where "Palamon's ash" came from:
"[u.2:3.5] Am I not already more than the rest?
[u.1:3.5] Looking at you here, now. The smoke, ash and bone at your feet mark you as so much less."
And, perhaps, the four "bandits" Yor came across were simply wandering innocents. Perhaps they were the first innocents he killed.
All evidence so far has dismissed one of my old theories, one that I never stated on here (that Ward and Yor were once truly brothers).
So, will we find Ward's body on this unknown "Seventh Moon"? Will the Fallen have stripped his corpse, or taken it off somewhere? Will we find his Ghost, abandoned, drained of Light, and damaged? I don't know.
Before I wrap this up, I have one smaller theory. Most art I've seen depicting Dredgen Yor and Jaren Ward, depict Yor as a Hunter. I believe he was a Warlock, as the cover of the Thorn cards show a Warlock holding the Thorn. Not only this, but Yor realized with stunning clarity that everything he'd been led to believe was not entirely so. With such clarity, in fact, that only a Warlock could achieve.[/spoiler]
Anyway, that's my theory. I'm sure I'm missing some details, I am aware there must be loopholes, etc. etc. I just hope you like this, and I am open to feedback.
[b]EDIT[/b]: This theory, I realize, needs heavy revising and re-plotting. I'll get to this as soon as I can (I'm swamped with work).
It will include: All Last Word and Thorn Ghost fragments; Ghost Fragment: The Dark Age 2; and any info on The First Curse that I can manage to scrounge up. Thank you all for supporting and/or criticizing this theory, it's helped reform it a lot.
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That's amazing, you're amazing. Can I lick your brain?