Water in the brake system!!..it will settle to the lowest point(caliper) then as it gets hot it boils to vapour and as we all know air causes spongy brake pedal. It cools and turns back to liquid, pedal comes back!!
Drain and flush the entire system with clean fluid..also clean any brake fluid up when you are done. It eats paint!!
25 year old brake fluid is sure to have condensation in it!!!
Current toys..
1986 Honda 350X..trail bomb!
1985 Honda 250SX..my main mudder
1985 Honda 250ES..Back in Black Trike
Current non-trike toys:
1990 Honda TRX300FW
1995 Seadoo GTX
1998 Polaris Indy Lite 340(Nearly new looking)
1998 Polaris Touring 500
1998 Club Car (electric)