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
ANGLOGOLD ASHANTI LIMITED SPONSORED ADR 035128206 111,003 5,974,331 SH   DFND 1 5,974,331 0 0
APA CORPORATION COM 03743Q108 86,520 4,000,000 SH   DFND 1 4,000,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 4,035 17,793 SH   DFND 1 17,793 0 0
BALLYS CORPORATION COM 05875B106 54,110 1,000,000 SH   DFND 1 1,000,000 0 0
BARRICK GOLD CORP COM 067901108 94,027 4,546,771 SH   DFND 1 4,546,771 0 0
BAUSCH HEALTH COS INC COM 071734107 757,601 25,839,035 SH   DFND 1 25,839,035 0 0
BAIDU INC SPON ADR REP A 056752108 4,145 20,327 SH   DFND 1 20,327 0 0
BP PLC SPONSORED ADR 055622104 51,289 1,941,300 SH   DFND 1 1,941,300 0 0
BRIGHTSPHERE INVT GROUP INC COM 10948W103 468,613 20,000,552 SH   DFND 1 20,000,552 0 0
DIDI GLOBAL INC SPONSORED ADS 23292E108 156,698 11,081,904 SH   DFND 1 11,081,904 0 0
DISCOVERY INC COM SER A 25470F104 26,302 857,300 SH   DFND 1 857,300 0 0
DISH NETWORK CORPORATION CL A 25470M109 139,852 3,345,750 SH   DFND 1 3,345,750 0 0
ENDO INTL PLC SHS G30401106 85,770 18,327,012 SH   DFND 1 18,327,012 0 0
EQT CORP COM 26884L109 15,248 685,000 SH   DFND 1 685,000 0 0
EQUINOX GOLD CORP COM 29446Y502 17,375 2,500,000 SH   DFND 1 2,500,000 0 0
EXXON MOBIL CORP COM 30231G102 94,620 1,500,000 SH   DFND 1 1,500,000 0 0
HORIZON THERAPEUTICS PUB L SHS G46188101 748,318 7,991,440 SH   DFND 1 7,991,440 0 0
HYCROFT MINING HOLDING CORP *W EXP 10/12/202 44862P125 76 151,507 SH   DFND 1 151,507 0 0
IAMGOLD CORP COM 450913108 5,458 1,850,000 SH   DFND 1 1,850,000 0 0
INTERNATIONAL TOWER HILL MIN COM 46050R102 65,027 61,930,724 SH   DFND 1 61,930,724 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 48,173 170,000 SH   DFND 1 170,000 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 57,905 1,502,853 SH   DFND 1 1,502,853 0 0
NEWMARK GROUP INC CL A 65158N102 28,620 2,383,054 SH   DFND 1 2,383,054 0 0
NOVAGOLD RES INC COM NEW 66987E206 178,033 22,226,300 SH   DFND 1 22,226,300 0 0
OVERSEAS SHIPHOLDING GROUP I CL A NEW 69036R863 13,167 6,300,000 SH   DFND 1 6,300,000 0 0
OCCIDENTAL PETE CORP COM 674599105 156,350 5,000,000 SH   DFND 1 5,000,000 0 0
PACIRA BIOSCIENCES INC COM 695127100 77,255 1,273,161 SH   DFND 1 1,273,161 0 0
PERPETUA RESOURCES CORP COM 714266103 152,831 20,935,732 SH   DFND 1 20,935,732 0 0
PRETIUM RES INC COM 74139C102 22,944 2,400,000 SH   DFND 1 2,400,000 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 82,173 2,033,978 SH   DFND 1 2,033,978 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 1,884 300,000 SH   DFND 1 300,000 0 0
SEABRIDGE GOLD INC COM 811916105 36,329 2,070,000 SH   DFND 1 2,070,000 0 0
SPDR GOLD TR GOLD SHS 78463V107 2,981 18,000 SH Call DFND 1 18,000 0 0
SSR MNG INC COM 784730103 20,427 1,310,242 SH   DFND 1 1,310,242 0 0
THRYV HLDGS INC COM NEW 886029206 100,354 2,805,533 SH   DFND 1 2,805,533 0 0
TIM S A SPONSORED ADR 88706T108 44,928 3,900,000 SH   DFND 1 3,900,000 0 0
TOTALENERGIES SE SPONSORED ADS 89151E109 43,282 956,307 SH   DFND 1 956,307 0 0
TRILOGY METALS INC NEW COM 89621C105 35,961 14,326,996 SH   DFND 1 14,326,996 0 0
VANECK VECTORS ETF TR OIL SVCS ETF 92189H607 48,165 220,000 SH   DFND 1 220,000 0 0
VIATRIS INC COM 92556V106 47,792 3,344,470 SH   DFND 1 3,344,470 0 0