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
ALEXION PHARMACEUTICALS INC COM 015351109 39,060 250,000 SH   DFND 1 250,000 0 0
AMERICAN EQTY INVT LIFE HLD COM 025676206 27,660 1,000,000 SH   DFND 1 1,000,000 0 0
ANGLOGOLD ASHANTI LIMITED SPONSORED ADR 035128206 135,139 5,974,331 SH   DFND 1 5,974,331 0 0
BARRICK GOLD CORP COM 067901108 80,795 3,546,772 SH   DFND 1 3,546,772 0 0
BAUSCH HEALTH COS INC COM 071734107 537,452 25,839,035 SH   DFND 1 25,839,035 0 0
BRIGHTSPHERE INVT GROUP INC COM 10948W103 385,611 20,000,552 SH   DFND 1 20,000,552 0 0
DISCOVERY INC COM SER C 25470F302 180,784 6,902,805 SH   DFND 1 6,902,805 0 0
DISH NETWORK CORPORATION CL A 25470M109 117,095 3,620,750 SH   DFND 1 3,620,750 0 0
ENDO INTL PLC SHS G30401106 131,588 18,327,012 SH   DFND 1 18,327,012 0 0
EQT CORP COM 26884L109 8,706 685,000 SH   DFND 1 685,000 0 0
EQUINOX GOLD CORP COM 29446Y502 25,850 2,500,000 SH   DFND 1 2,500,000 0 0
EXXON MOBIL CORP COM 30231G102 23,289 565,000 SH   DFND 1 565,000 0 0
HORIZON THERAPEUTICS PUB L SHS G46188101 584,574 7,991,440 SH   DFND 1 7,991,440 0 0
HYCROFT MINING HOLDING CORP *W EXP 10/12/202 44862P125 55 151,507 SH   DFND 1 151,507 0 0
IAMGOLD CORP COM 450913108 6,790 1,850,000 SH   DFND 1 1,850,000 0 0
INTERNATIONAL TOWER HILL MIN COM 46050R102 85,464 61,930,724 SH   DFND 1 61,930,724 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 79,050 1,502,853 SH   DFND 1 1,502,853 0 0
NEWMARK GROUP INC CL A 65158N102 17,372 2,383,054 SH   DFND 1 2,383,054 0 0
NOVAGOLD RES INC COM NEW 66987E206 214,928 22,226,300 SH   DFND 1 22,226,300 0 0
OCCIDENTAL PETE CORP COM 674599105 20,512 1,185,000 SH   DFND 1 1,185,000 0 0
OVERSEAS SHIPHOLDING GROUP I CL A NEW 69036R863 13,482 6,300,000 SH   DFND 1 6,300,000 0 0
PACIRA BIOSCIENCES INC COM 695127100 84,605 1,413,854 SH   DFND 1 1,413,854 0 0
PRETIUM RES INC COM 74139C102 27,552 2,400,000 SH   DFND 1 2,400,000 0 0
REALPAGE INC COM 75606N109 34,896 400,000 SH   DFND 1 400,000 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 2,066 666,535 SH   DFND 1 666,535 0 0
SEABRIDGE GOLD INC COM 811916105 33,080 1,570,000 SH   DFND 1 1,570,000 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 22,551 595,000 SH   DFND 1 595,000 0 0
SPDR GOLD TR GOLD SHS 78463V107 337,859 1,894,252 SH   DFND 1 1,894,252 0 0
SPDR GOLD TR GOLD SHS 78463V107 3,210 18,000 SH Call DFND 1 18,000 0 0
SSR MNG INC COM 784730103 26,349 1,310,242 SH   DFND 1 1,310,242 0 0
TAKEDA PHARMACEUTICAL CO LTD SPONSORED ADS 874060205 205,584 11,295,846 SH   DFND 1 11,295,846 0 0
THRYV HLDGS INC COM NEW 886029206 43,422 3,216,437 SH   DFND 1 3,216,437 0 0
TIM S A SPONSORED ADR 88706T108 13,937 1,001,205 SH   DFND 1 1,001,205 0 0
TRILOGY METALS INC NEW COM 89621C105 28,654 14,326,996 SH   DFND 1 14,326,996 0 0
VIACOMCBS INC CL B 92556H206 58,495 1,569,920 SH   DFND 1 1,569,920 0 0
VIATRIS INC COM 92556V106 215,103 11,478,260 SH   DFND 1 11,478,260 0 0