The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGNICO EAGLE MINES LTD COM 008474108 4,268 101,073 SH   SOLE   36,607 0 64,466
ALAMOS GOLD INC NEW COM CL A 011532108 1,718 231,943 SH   SOLE   195,900 0 36,043
AMERISERV FINL INC COM 03074A102 982 258,565 SH   SOLE   258,565 0 0
AMREP CORP COM 032159105 800 70,950 SH   SOLE   70,950 0 0
BUILD-A-BEAR WORKSHOP INC COM 120076104 3,763 282,355 SH   SOLE   280,355 0 2,000
1895 BANCORP OF WIS INC COM 28253R105 116 11,212 SH   SOLE   11,212 0 0
BRT APARTMENTS CORP COM 055645303 7,334 361,105 SH   SOLE   220,322 0 140,783
SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 538 34,570 SH   SOLE   6,060 0 28,510
CFSB BANCORP INC COM 12530C107 87 10,000 SH   SOLE   10,000 0 0
CLIPPER RLTY INC COM 18885T306 673 96,593 SH   SOLE   96,593 0 0
CISCO SYS INC COM 17275R102 3,647 91,192 SH   SOLE   21,785 0 69,407
CULLMAN BANCORP INC COM 230153108 266 25,000 SH   SOLE   25,000 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 1,323 175,000 SH   SOLE   175,000 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C201 1,756 265,000 SH   SOLE   265,000 0 0
EASTERN BANKSHARES INC COM 27627N105 1,068 54,400 SH   SOLE   54,400 0 0
EAGLE BANCORP MONT INC COM 26942G100 785 41,326 SH   SOLE   41,326 0 0
ECB BANCORP INC COM 26828M106 791 55,000 SH   SOLE   55,000 0 0
EMX RTY CORP COM 26873J107 590 312,236 SH   SOLE   261,636 0 50,600
ENGLOBAL CORP COM 293306106 601 477,400 SH   SOLE   477,400 0 0
EQUINOX GOLD CORP COM 29446Y502 1,245 341,652 SH   SOLE   316,286 0 25,366
ESSA BANCORP INC COM 29667D104 1,670 86,175 SH   SOLE   86,175 0 0
EURONAV NV SHS B38564108 200 13,000 SH   SOLE   13,000 0 0
FFBW INC MD COM 30260M103 595 50,000 SH   SOLE   50,000 0 0
FLUSHING FINL CORP COM 343873105 517 26,700 SH   SOLE   26,700 0 0
FIRST NORTHWEST BANCORP COM 335834107 985 61,219 SH   SOLE   61,219 0 0
FRP HLDGS INC COM 30292L107 2,575 47,384 SH   SOLE   47,374 0 10
FIRST SEACOAST BANCORP COM 33631P102 560 54,266 SH   SOLE   54,266 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106 387 16,075 SH   SOLE   0 0 16,075
SPDR GOLD TR GOLD SHS 78463V107 3,921 25,352 SH   SOLE   200 0 25,152
GREAT LAKES DREDGE & DOCK CO COM 390607109 1,012 133,600 SH   SOLE   133,600 0 0
CORNING INC COM 219350105 2,736 94,306 SH   SOLE   26,015 0 68,291
ALPHABET INC CAP STK CL A 02079K305 616 6,450 SH   SOLE   4,840 0 1,610
HOME FED BANCORP INC LA NEW COM 43708L108 1,101 58,864 SH   SOLE   58,864 0 0
HECLA MNG CO COM 422704106 1,110 281,795 SH   SOLE   222,810 0 58,985
HOMETRUST BANCSHARES INC COM 437872104 1,180 53,408 SH   SOLE   52,708 0 700
HURCO CO COM 447324104 3,764 167,446 SH   SOLE   120,391 0 47,055
INTEL CORP COM 458140100 3,342 129,695 SH   SOLE   29,535 0 100,160
IF BANCORP INC COM 44951J105 841 44,350 SH   SOLE   44,350 0 0
MCEWEN MNG INC COM NEW 58039P305 104 32,167 SH   SOLE   1,098 0 31,069
NEWMONT CORP COM 651639106 1,660 39,501 SH   SOLE   38,901 0 600
NEW GOLD INC CDA COM 644535106 745 846,870 SH   SOLE   762,020 0 84,850
ORION ENGINEERED CARBONS S A COM L72967109 931 69,800 SH   SOLE   69,800 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 2,674 261,175 SH   SOLE   245,080 0 16,095
PATRIOT TRANSN HLDG INC COM 70338W105 974 123,990 SH   SOLE   123,990 0 0
PB BANKSHARES INC COM 69318V103 201 16,255 SH   SOLE   16,255 0 0
PATHFINDER BANCORP INC MD COM 70319R109 1,865 91,718 SH   SOLE   91,718 0 0
PFIZER INC COM 717081103 6,311 144,226 SH   SOLE   27,845 0 116,381
SPROTT PHYSICAL GOLD TR UNIT 85207H104 249 19,500 SH   SOLE   19,500 0 0
RICHMOND MUT BANCORPORATION COM 76525P100 537 40,000 SH   SOLE   40,000 0 0
SALISBURY BANCORP INC COM 795226109 395 16,494 SH   SOLE   16,494 0 0
SANDSTORM GOLD LTD COM NEW 80013R206 1,135 219,590 SH   SOLE   184,610 0 34,980
SOUND FINL BANCORP INC COM 83607A100 1,456 35,945 SH   SOLE   35,945 0 0
SILVERCREST METALS INC COM 828363101 878 157,405 SH   SOLE   125,395 0 32,010
SEACOR MARINE HLDGS INC COM 78413P101 4,751 845,489 SH   SOLE   283,135 0 562,354
TAYLOR DEVICES INC COM 877163105 1,277 125,594 SH   SOLE   125,594 0 0
TC BANCSHARES INC COM 87224V108 359 25,000 SH   SOLE   25,000 0 0
TEXAS COMMUNITY BANCSHARES I COM 88231Q108 388 25,000 SH   SOLE   25,000 0 0
TRINITY PL HLDGS INC COM 89656D101 543 616,014 SH   SOLE   616,014 0 0
TEJON RANCH CO COM 879080109 849 58,981 SH   SOLE   58,981 0 0
AMERCO COM 023586100 2,548 5,005 SH   SOLE   1,825 0 3,180
WILLIAM PENN BANCORPORATION COM 96927A105 1,705 150,000 SH   SOLE   150,000 0 0
WALMART INC COM 931142103 370 2,855 SH   SOLE   0 0 2,855