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.
Back in September ailing AIM listed gold dog Condor (CNR) announced that it was undertaking a strategic review and was in an offer period. Today it says both processes are over. It was bollocks from the start, you can't polish a turd and this company - of which I have been a long term bear - is screwed. It is almost game over. It will be lights out in May.
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Comments
wildrides
Its a poor asset in that it is a worked out old Russian mine in the most part …………. but …….. they could last a long time with that cash by going into hibernation mode if all work was ceased until Gold prices recovered . Child has to “work” for nothing in the meanwhile tho and get a proper job to live off .
Drunken Sailor
Whilst it is true that you can’t polish a turd, you can roll it in glitter.
wildrides
Drunks,
so thats how you spend your recreational time ;-)