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Jim Mellon’s Condor Gold puts itself up for sale (again), better luck second time around

By Tom Winnifrith | Tuesday 22 November 2022

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.

In September 2015 with its shares at 53p Condor Gold (CNR), backed by my old pal Jim Mellon, announced that to maximise shareholder value it was putting itself up for sale. But with no takers by January 2016 and with its shares back at 20p it called the process off. Today: guess what? It is up for sale again! The shares are now 24p! So much progress in almost seven years!

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