Hummingbird Resources - No Problem. It's Mining. +110,000 ounces.

Interview with Dan Betts, Managing Director of gold producer, Hummingbird Resources (AIM:HUM) APOLOGIES FOR THE SOUND QUALITY ON MY MIC. TECH ISSUES ON THE DAY 😢

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? Leave a comment below.

We like the management team and is one we will follow with pleasure.

We Discuss:
0:57 - Overview of the Company
2:09 - Dealing with Issues over the Last 18 Months
6:01 - Production Numbers: What Have They Managed to Produce in Q3?
8:23, 19:46 - Growth of the Business: Any M&A in Sight? What is Their Strategy and Vision?
11:38 - Share Price and Shareholders: What are the Expectations?
14:04 - Divergent Strategies: What are Their Competitors Doing Differently to Hummingbird?
22:01 - Dividends on the Horizon? What is the Company Worth?

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