Taken from undervalued shares website1 Sep 2022 16:44
A microcap company that I recently stuck my neck out for is Condor Gold (ISIN GB00B8225591, CND), a GBP 46m gold explorer focussed on Nicaragua. My research report for Undervalued-Shares.com Lifetime Members dubbed the company Britain's next high-conviction bid target. There are indications that potential bidders have already started to sniff around, and the major shareholders are unlikely to sell for anything less than 100 pence – more than three times the current share price. The current market volatility might require investors to average down if the share price takes another hit. That said, after following Condor Gold for 15 years, it's a company that I believe is destined to be taken out through a cash bid sooner or later.