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*Apologies for the sound issues, we had a technical issue on the day of recording the interview*
Interview with Dan Betts, Managing Director of Gold producer, Hummingbird Resources (AIM:HUM).
An honest and candid conversation with Dan Betts about the highs and lows of mining gold in Africa. They had a tricky 18 months but they overcame and found workarounds to be able to deliver +110,000oz. Challenges with water and a legal case a distraction. All resolved and they move on, aggressively.
Hummingbird is producing more cash with improved margins and paying down debt. We like their prudent approach to mining and cash retention and their ability to solve problems when they arise. Allowing them to grow and deal with unforeseen issues. Gold grades are consistent. Q3/19 results are on schedule having played catch up for most of the year. Is it trading at a discount to free cash flow multiples? What do you make of the way the dealt with investor concerns?
We like the management team and is one we will follow with pleasure.
Company page: https://hummingbirdresources.co.uk/
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By Crux Investor4.8
3232 ratings
*Apologies for the sound issues, we had a technical issue on the day of recording the interview*
Interview with Dan Betts, Managing Director of Gold producer, Hummingbird Resources (AIM:HUM).
An honest and candid conversation with Dan Betts about the highs and lows of mining gold in Africa. They had a tricky 18 months but they overcame and found workarounds to be able to deliver +110,000oz. Challenges with water and a legal case a distraction. All resolved and they move on, aggressively.
Hummingbird is producing more cash with improved margins and paying down debt. We like their prudent approach to mining and cash retention and their ability to solve problems when they arise. Allowing them to grow and deal with unforeseen issues. Gold grades are consistent. Q3/19 results are on schedule having played catch up for most of the year. Is it trading at a discount to free cash flow multiples? What do you make of the way the dealt with investor concerns?
We like the management team and is one we will follow with pleasure.
Company page: https://hummingbirdresources.co.uk/
Make smarter investment decisions, subscribe here: https://www.cruxinvestor.com
For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:
https://twitter.com/cruxinvestor
https://www.linkedin.com/company/crux-investor/
https://www.facebook.com/cruxinvestor
Take advantage, hear it here first: https://www.youtube.com/CRUXinvestor

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