In addition to big moves in SONA, IMV subsequent to quarter end the gold holdings have been on an absolute rocketship! (from Q1 MD&A)
ROXG, PG, AZM, ANTL , good luck! Can't wait to see the Q2 report and updated holdings to firm up the new NAV. They were bang on their assesment below in yellow.
https://torrentcapital.ca/wp-content/themes/stratusx-child/mda/torrent_capital_mda_03312020.pdf
In terms of the producers, we have positions in Roxgold (ROXG:TSX) and Premier Gold Mines (PG:TSX). On the exploration and development side, we bought Antler Gold Inc. (ANTL:TSXV), Azimut Exploration Inc. (AZM:TSXV) and Kuya Silver Corp.
Our positions have yet to add significant value to the portfolio. Although gold bullion prices trended higher during the first quarter, many gold stocks have yet to enjoy investor inflows after years of poor profitability and underperformance. We expect this to change given the current macroeconomic environment and increased volatility in the traditional stock market. Very simply, gold stocks are under owned, so when investors flock to the sector, stocks could potentially move significantly higher.