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
CAMECO CORP COM 13321L108 292,532 10,052,663 SH   SOLE 1 10,052,663 0 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 126,579 25,164,903 SH   SOLE 1 25,164,903 0 0
NOVAGOLD RES INC COM NEW 66987E206 96,676 12,506,537 SH   SOLE 1 12,506,537 0 0
VEON LTD SPONSORED ADR 91822M106 72,672 106,431,775 SH   SOLE 1 106,431,775 0 0
RANGE RES CORP COM 75281A109 245,623 8,085,014 SH   SOLE 1 8,085,014 0 0
GATOS SILVER INC COM 368036109 12,410 2,872,657 SH   SOLE 1 2,872,657 0 0
VANECK ETF TRUST JUNIOR GOLD MINE 92189F791 111,045 2,369,213 SH   SOLE 1 2,369,213 0 0
SCHLUMBERGER LTD COM STK 806857108 126,376 3,047,638 SH   SOLE 1 3,047,638 0 0
WEATHERFORD INTL PLC ORD SHS G48833118 183,190 5,501,212 SH   SOLE 1 5,501,212 0 0
LIBERTY OILFIELD SVCS INC COM CL A 53115L104 73,846 4,982,862 SH   SOLE 1 4,982,862 0 0
VALARIS LIMITED CL A G9460G101 108,391 2,085,636 SH   SOLE 1 2,085,636 0 0
FATHOM DIGITAL MFG CORP COM CL A 31189Y103 6,180 1,000,000 SH   SOLE 1 1,000,000 0 0
DESKTOP METAL INC COM CL A 25058X105 5,822 1,228,177 SH   SOLE 1 1,228,177 0 0
SKILLSOFT CORP CL A 83066P200 6,978 1,155,361 SH   SOLE 1 1,155,361 0 0
KRANESHARES TR CSI CHI INTERNET 500767306 13,014 456,474 SH   SOLE 1 456,474 0 0
VANECK ETF TRUST SEMICONDUCTR ETF 92189F676 44,515 165,000 SH Put SOLE 1 0 0 165,000