<informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable">		<infoTable>
			<nameOfIssuer>1 800 FLOWERS COM INC CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>68243Q106</cusip>
			<value>3086</value>
			<shrsOrPrnAmt>
				<sshPrnamt>295000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>295000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>3M CO.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>88579Y101</cusip>
			<value>6249</value>
			<shrsOrPrnAmt>
				<sshPrnamt>40500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>40500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>A H BELO CORP COM CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>001282102</cusip>
			<value>84</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>15000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>A T &amp; T INC (NEW)</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00206R102</cusip>
			<value>27670</value>
			<shrsOrPrnAmt>
				<sshPrnamt>779000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>779000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AAR CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>000361105</cusip>
			<value>797</value>
			<shrsOrPrnAmt>
				<sshPrnamt>25000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>25000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AARON&apos;S INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>002535300</cusip>
			<value>17598</value>
			<shrsOrPrnAmt>
				<sshPrnamt>486000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>486000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ABB LTD SPONSORED ADR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>000375204</cusip>
			<value>2986</value>
			<shrsOrPrnAmt>
				<sshPrnamt>143000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>143000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ABBOTT LABS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>002824100</cusip>
			<value>15951</value>
			<shrsOrPrnAmt>
				<sshPrnamt>325000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>325000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ABBVIE INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00287Y109</cusip>
			<value>13189</value>
			<shrsOrPrnAmt>
				<sshPrnamt>196291</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>196291</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ACCO BRANDS CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00081T108</cusip>
			<value>404</value>
			<shrsOrPrnAmt>
				<sshPrnamt>52000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>52000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ACHAOGEN INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>004449104</cusip>
			<value>332</value>
			<shrsOrPrnAmt>
				<sshPrnamt>55000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>55000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ACTIVISION BLIZZARD,INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00507V109</cusip>
			<value>8449</value>
			<shrsOrPrnAmt>
				<sshPrnamt>349000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>349000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ACUITY BRANDS INC (B:AYI) COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00508Y102</cusip>
			<value>5669</value>
			<shrsOrPrnAmt>
				<sshPrnamt>31500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>31500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ADCARE HEALTH SYSTEMS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00650W300</cusip>
			<value>2024</value>
			<shrsOrPrnAmt>
				<sshPrnamt>585000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>585000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ADOBE SYSTEMS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00724F101</cusip>
			<value>11657</value>
			<shrsOrPrnAmt>
				<sshPrnamt>143900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>143900</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ADT CORPORATION COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00101J106</cusip>
			<value>21374</value>
			<shrsOrPrnAmt>
				<sshPrnamt>636700</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>636700</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ADVENT SOFTWARE INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>007974108</cusip>
			<value>64330</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1455100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1455100</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AEGION CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00770F104</cusip>
			<value>568</value>
			<shrsOrPrnAmt>
				<sshPrnamt>30000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>30000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AEROJET ROCKETDYNE HOLDINGS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>007800105</cusip>
			<value>53464</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2594095</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2594095</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AES CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00130H105</cusip>
			<value>55215</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4164000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4164000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AES TR III TR P CV SC 6.75</nameOfIssuer>
			<titleOfClass>CONVERTIBLE PREF</titleOfClass>
			<cusip>00808N202</cusip>
			<value>305</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>6000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AETNA INC (B:AET) COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00817Y108</cusip>
			<value>16781</value>
			<shrsOrPrnAmt>
				<sshPrnamt>131655</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>131655</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AGILENT TECHNOLOGIES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00846U101</cusip>
			<value>2971</value>
			<shrsOrPrnAmt>
				<sshPrnamt>77000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>77000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AGL RES INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>001204106</cusip>
			<value>10523</value>
			<shrsOrPrnAmt>
				<sshPrnamt>226000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>226000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AGNICO-EAGLE MINES (USD)</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>008474108</cusip>
			<value>62697</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2209981</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2209981</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AGRIUM INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>008916108</cusip>
			<value>1060</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AIR PRODS &amp; CHEMS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>009158106</cusip>
			<value>6978</value>
			<shrsOrPrnAmt>
				<sshPrnamt>51000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>51000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AIRGAS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>009363102</cusip>
			<value>9203</value>
			<shrsOrPrnAmt>
				<sshPrnamt>87000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>87000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AJRD 4.0625% 12/31/2039</nameOfIssuer>
			<titleOfClass>CONVERTIBLE BOND</titleOfClass>
			<cusip>368682AN0</cusip>
			<value>8366</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3650000</sshPrnamt>
				<sshPrnamtType>PRN</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3650000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AKORN INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>009728106</cusip>
			<value>7575</value>
			<shrsOrPrnAmt>
				<sshPrnamt>173500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>173500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALAMOS GOLD (OLD)</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>011527108</cusip>
			<value>2955</value>
			<shrsOrPrnAmt>
				<sshPrnamt>522000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>522000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALBANY INTL CORP-CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>012348108</cusip>
			<value>4378</value>
			<shrsOrPrnAmt>
				<sshPrnamt>110000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>110000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALBEMARLE CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>012653101</cusip>
			<value>9175</value>
			<shrsOrPrnAmt>
				<sshPrnamt>166010</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>166010</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALCOA INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>013817101</cusip>
			<value>20951</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1879000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1879000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALERE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>01449J105</cusip>
			<value>53256</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1009584</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1009584</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALEXION PHARMACEUTICALS INC CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>015351109</cusip>
			<value>238</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1316</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1316</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALIBABA GROUP HLDG LTD SPONSOR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>01609W102</cusip>
			<value>362</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4400</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALIGN TECHNOLOGY INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>016255101</cusip>
			<value>878</value>
			<shrsOrPrnAmt>
				<sshPrnamt>14000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>14000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALLEGHANY CORP DEL</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>017175100</cusip>
			<value>18905</value>
			<shrsOrPrnAmt>
				<sshPrnamt>40329</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>40329</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALLEGION PUB LTD CO ORD S</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G0176J109</cusip>
			<value>1506</value>
			<shrsOrPrnAmt>
				<sshPrnamt>25034</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>25034</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALLERGAN PLC SHS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G0177J108</cusip>
			<value>60845</value>
			<shrsOrPrnAmt>
				<sshPrnamt>200504</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>200504</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALLETE INC COM NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>018522300</cusip>
			<value>16190</value>
			<shrsOrPrnAmt>
				<sshPrnamt>349000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>349000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALLIANCE BERNSTEIN HLDGS LP UN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>01881G106</cusip>
			<value>17600</value>
			<shrsOrPrnAmt>
				<sshPrnamt>596000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>596000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALLIANCE HOLDINGS GP LP COM UN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>01861G100</cusip>
			<value>1331</value>
			<shrsOrPrnAmt>
				<sshPrnamt>34000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>34000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALLIANT ENERGY CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>018802108</cusip>
			<value>9062</value>
			<shrsOrPrnAmt>
				<sshPrnamt>157000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>157000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALTERA CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>021441100</cusip>
			<value>48271</value>
			<shrsOrPrnAmt>
				<sshPrnamt>942800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>942800</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALTRIA GROUP INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>02209S103</cusip>
			<value>2348</value>
			<shrsOrPrnAmt>
				<sshPrnamt>48000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>48000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMAZON.COM INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>023135106</cusip>
			<value>15063</value>
			<shrsOrPrnAmt>
				<sshPrnamt>34700</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>34700</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMC NETWORKS INC CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00164V103</cusip>
			<value>79108</value>
			<shrsOrPrnAmt>
				<sshPrnamt>966500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>966500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMEC PLC SPONSORED ADR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00167X205</cusip>
			<value>207</value>
			<shrsOrPrnAmt>
				<sshPrnamt>16000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>16000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMEREN CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>023608102</cusip>
			<value>23098</value>
			<shrsOrPrnAmt>
				<sshPrnamt>613000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>613000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMERICA MOVIL S A DE C V SPONS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>02364W105</cusip>
			<value>10404</value>
			<shrsOrPrnAmt>
				<sshPrnamt>488200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>488200</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMERICAN AIRLINES GROUP INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>02376R102</cusip>
			<value>799</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMERICAN ELECTRIC POWER</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>025537101</cusip>
			<value>51805</value>
			<shrsOrPrnAmt>
				<sshPrnamt>978000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>978000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMERICAN EXPRESS CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>025816109</cusip>
			<value>168761</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2171400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2171400</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMERICAN INTERNATIONAL GROUP I</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>026874784</cusip>
			<value>80119</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1296000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1296000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMERICAN STS WTR CO COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>029899101</cusip>
			<value>1757</value>
			<shrsOrPrnAmt>
				<sshPrnamt>47000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>47000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMERICAN TOWER CORP-CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>03027X100</cusip>
			<value>1259</value>
			<shrsOrPrnAmt>
				<sshPrnamt>13500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>13500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMERICAN WATER WORKS CO INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>030420103</cusip>
			<value>8948</value>
			<shrsOrPrnAmt>
				<sshPrnamt>184000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>184000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMERIPRISE FINL INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>03076C106</cusip>
			<value>437</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMERISOURCEBERGEN CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>03073E105</cusip>
			<value>8401</value>
			<shrsOrPrnAmt>
				<sshPrnamt>79000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>79000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMETEK INC NEW COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>031100100</cusip>
			<value>117388</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2142900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2142900</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMGEN INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>031162100</cusip>
			<value>29215</value>
			<shrsOrPrnAmt>
				<sshPrnamt>190300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>190300</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMPCO PITTSBURGH CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>032037103</cusip>
			<value>7454</value>
			<shrsOrPrnAmt>
				<sshPrnamt>493000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>493000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMPHENOL CORP NEW CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>032095101</cusip>
			<value>1310</value>
			<shrsOrPrnAmt>
				<sshPrnamt>22600</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>22600</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ANADARKO PETE CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>032511107</cusip>
			<value>63869</value>
			<shrsOrPrnAmt>
				<sshPrnamt>818200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>818200</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ANGIODYNAMICS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>03475V101</cusip>
			<value>1952</value>
			<shrsOrPrnAmt>
				<sshPrnamt>119000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>119000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ANGLOGOLD LTD SPONSORED ADR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>035128206</cusip>
			<value>24032</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2685100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2685100</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ANIKA THERAPEUTICS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>035255108</cusip>
			<value>231</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>7000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ANIXTER INTL INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>035290105</cusip>
			<value>717</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>11000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ANN INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>035623107</cusip>
			<value>1212</value>
			<shrsOrPrnAmt>
				<sshPrnamt>25100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>25100</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ANTHEM INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>036752103</cusip>
			<value>9848</value>
			<shrsOrPrnAmt>
				<sshPrnamt>60000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>60000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>APACHE CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>037411105</cusip>
			<value>19623</value>
			<shrsOrPrnAmt>
				<sshPrnamt>340500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>340500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>API TECHNOLOGIES CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00187E203</cusip>
			<value>3744</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1491584</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1491584</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>APPLE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>037833100</cusip>
			<value>71882</value>
			<shrsOrPrnAmt>
				<sshPrnamt>573110</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>573110</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AQUA AMERICA INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>03836W103</cusip>
			<value>17713</value>
			<shrsOrPrnAmt>
				<sshPrnamt>723291</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>723291</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ARAMARK HOLDINGS CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>03852U106</cusip>
			<value>3373</value>
			<shrsOrPrnAmt>
				<sshPrnamt>108900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>108900</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ARCELORMITTAL-NY REGISTERED</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>03938L104</cusip>
			<value>846</value>
			<shrsOrPrnAmt>
				<sshPrnamt>87000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>87000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ARCHER DANIELS MIDLAND</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>039483102</cusip>
			<value>32211</value>
			<shrsOrPrnAmt>
				<sshPrnamt>668000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>668000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ARGO GROUP INTL HLDGS LTD COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G0464B107</cusip>
			<value>6003</value>
			<shrsOrPrnAmt>
				<sshPrnamt>107770</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>107770</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ARTESIAN RES CORP COM CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>043113208</cusip>
			<value>506</value>
			<shrsOrPrnAmt>
				<sshPrnamt>24000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>24000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ASCENT CAPITAL GROUP INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>043632108</cusip>
			<value>13544</value>
			<shrsOrPrnAmt>
				<sshPrnamt>316900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>316900</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>ASCMA 4 07/15/20 CV</nameOfIssuer>
			<titleOfClass>CONVERTIBLE BOND</titleOfClass>
			<cusip>043632AA6</cusip>
			<value>166</value>
			<shrsOrPrnAmt>
				<sshPrnamt>200000</sshPrnamt>
				<sshPrnamtType>PRN</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>200000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>ASHLAND INC NEW COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>044209104</cusip>
			<value>15091</value>
			<shrsOrPrnAmt>
				<sshPrnamt>123800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>123800</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>ASSOCIATED ESTATES RLTY CORPCO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>045604105</cusip>
			<value>1091</value>
			<shrsOrPrnAmt>
				<sshPrnamt>38100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>38100</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ASTEC INDS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>046224101</cusip>
			<value>20074</value>
			<shrsOrPrnAmt>
				<sshPrnamt>480000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>480000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>ASTRAZENECA PLC ADR SPONSORED</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>046353108</cusip>
			<value>7419</value>
			<shrsOrPrnAmt>
				<sshPrnamt>116450</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>116450</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ASTRONICS CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>046433108</cusip>
			<value>673</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>9500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ATLANTIC TELE NETWORK INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>049079205</cusip>
			<value>15059</value>
			<shrsOrPrnAmt>
				<sshPrnamt>218000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>218000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ATLAS RESOURCE PARTNERS LP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>04941A101</cusip>
			<value>119</value>
			<shrsOrPrnAmt>
				<sshPrnamt>19000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>19000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ATMOS ENERGY CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>049560105</cusip>
			<value>6692</value>
			<shrsOrPrnAmt>
				<sshPrnamt>130500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>130500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AURICO GOLD INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>05155C105</cusip>
			<value>18085</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6368000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>6368000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AUTOMATIC DATA PROCESSING</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>053015103</cusip>
			<value>2969</value>
			<shrsOrPrnAmt>
				<sshPrnamt>37000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>37000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AUTONATION INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>05329W102</cusip>
			<value>24443</value>
			<shrsOrPrnAmt>
				<sshPrnamt>388100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>388100</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AUTOZONE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>053332102</cusip>
			<value>4402</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6600</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>6600</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AVID TECHNOLOGY INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>05367P100</cusip>
			<value>534</value>
			<shrsOrPrnAmt>
				<sshPrnamt>40000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>40000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AVISTA CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>05379B107</cusip>
			<value>14160</value>
			<shrsOrPrnAmt>
				<sshPrnamt>462000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>462000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AVON PRODUCTS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>054303102</cusip>
			<value>4718</value>
			<shrsOrPrnAmt>
				<sshPrnamt>753600</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>753600</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AZZ INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>002474104</cusip>
			<value>4947</value>
			<shrsOrPrnAmt>
				<sshPrnamt>95500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>95500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BIOTA HOLDINGS LTD</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>090694100</cusip>
			<value>106</value>
			<shrsOrPrnAmt>
				<sshPrnamt>51175</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>51175</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>B2GOLD CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>11777Q209</cusip>
			<value>7238</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4731000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4731000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BADGER METER INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>056525108</cusip>
			<value>6222</value>
			<shrsOrPrnAmt>
				<sshPrnamt>98000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>98000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BAIDU COM INC SPON ADR REP A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>056752108</cusip>
			<value>657</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3300</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>BAKER HUGHES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>057224107</cusip>
			<value>2115</value>
			<shrsOrPrnAmt>
				<sshPrnamt>34275</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>34275</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BANCO SANTANDER CENT HISP ADR(</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>05964H105</cusip>
			<value>1626</value>
			<shrsOrPrnAmt>
				<sshPrnamt>232000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>232000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BANK OF AMERICA</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>060505104</cusip>
			<value>11608</value>
			<shrsOrPrnAmt>
				<sshPrnamt>682000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>682000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BANK OF NEW YORK MELLON CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>064058100</cusip>
			<value>145258</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3461000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3461000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BARNES &amp; NOBLES</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>067774109</cusip>
			<value>10436</value>
			<shrsOrPrnAmt>
				<sshPrnamt>402000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>402000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BARRETT BILL CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>06846N104</cusip>
			<value>558</value>
			<shrsOrPrnAmt>
				<sshPrnamt>65000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>65000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BARRICK GOLD(R:ABX.N B:ABX US)</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>067901108</cusip>
			<value>41600</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3902403</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3902403</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BASSETT FURNITURE INDS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>070203104</cusip>
			<value>6024</value>
			<shrsOrPrnAmt>
				<sshPrnamt>212050</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>212050</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BAXALTA INC COM</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>BAXTER INTL INC COM</nameOfIssuer>
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			<nameOfIssuer>BBCN BANCORP INC</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>BB&amp;T CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>BCE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>05534B760</cusip>
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			<nameOfIssuer>BE AEROSPACE INC COM</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>BEASLEY BROADCAST GRP INC.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>1159</value>
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			<nameOfIssuer>BEAZER HOMES USA INC</nameOfIssuer>
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			<value>1317</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>BECTON DICKINSON &amp; CO COM</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>BED BATH &amp; BEYOND INC</nameOfIssuer>
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			<cusip>075896100</cusip>
			<value>3104</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>BEL FUSE INC CL A</nameOfIssuer>
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			<cusip>077347201</cusip>
			<value>5144</value>
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			<nameOfIssuer>BELDEN CDT INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>077454106</cusip>
			<value>1218</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>BELMOND LTD CL A</nameOfIssuer>
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			<cusip>G1154H107</cusip>
			<value>3872</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>BERKLEY W R CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>084423102</cusip>
			<value>10048</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>BERKSHIRE HATHAWAY INC DEL CL</nameOfIssuer>
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			<cusip>084670702</cusip>
			<value>1225</value>
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			<nameOfIssuer>BERKSHIRE HATHAWAY INC-CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>084670108</cusip>
			<value>67805</value>
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			<nameOfIssuer>BEST BUY INC COM</nameOfIssuer>
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			<cusip>086516101</cusip>
			<value>10240</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>BHP BILLITON LTD SPONSORED ADR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>088606108</cusip>
			<value>8061</value>
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			<nameOfIssuer>BIG 5 SPORTING GOODS CORP COM</nameOfIssuer>
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			<value>4832</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>BIGLARI HOLDINGS INC</nameOfIssuer>
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			<nameOfIssuer>BIO RAD LABS INC CL A</nameOfIssuer>
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			<cusip>090572207</cusip>
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			<nameOfIssuer>BIOGEN IDEC INC</nameOfIssuer>
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			<nameOfIssuer>BIOLASE TECHNOLOGY INC COM</nameOfIssuer>
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			<nameOfIssuer>BIOSCRIP INC</nameOfIssuer>
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			<nameOfIssuer>BIOTELEMETRY INC COM</nameOfIssuer>
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			<nameOfIssuer>BIO-REFERENCE LABS INC COM $.0</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>BLACK HILLS CORP COM</nameOfIssuer>
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			<cusip>092113109</cusip>
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			<nameOfIssuer>BLACKBERRY LTD</nameOfIssuer>
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			<nameOfIssuer>BLACKHAWK NETWORK HOLDINGS I</nameOfIssuer>
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			<cusip>09238E104</cusip>
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			<nameOfIssuer>BLACKROCK INC CL A</nameOfIssuer>
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			<nameOfIssuer>BLACKSTONE GROUP L P COM UNIT</nameOfIssuer>
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			<cusip>09253U108</cusip>
			<value>8337</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>BLOUNT INTL INC NEW COM</nameOfIssuer>
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			<nameOfIssuer>BLUCORA INC</nameOfIssuer>
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			<nameOfIssuer>BLYTH INC</nameOfIssuer>
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			<nameOfIssuer>BOEING CO</nameOfIssuer>
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			<value>53393</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>BON-TON STORES INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>09776J101</cusip>
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			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>BORG WARNER INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>099724106</cusip>
			<value>31529</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>BOSTON BEER INC CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>100557107</cusip>
			<value>7192</value>
			<shrsOrPrnAmt>
				<sshPrnamt>31000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>31000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BOSTON SCIENTIFIC CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>101137107</cusip>
			<value>16833</value>
			<shrsOrPrnAmt>
				<sshPrnamt>951000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>951000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BOULDER BRANDS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>101405108</cusip>
			<value>17051</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2456868</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2456868</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>BOYD GAMING CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>103304101</cusip>
			<value>11930</value>
			<shrsOrPrnAmt>
				<sshPrnamt>798000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>798000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>BP PLC SPONS ADR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>055622104</cusip>
			<value>43876</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1098000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1098000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BRINKS CO COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>109696104</cusip>
			<value>22105</value>
			<shrsOrPrnAmt>
				<sshPrnamt>751100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>751100</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BRISTOL MYERS SQUIBB CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>110122108</cusip>
			<value>72173</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1084663</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1084663</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>BROADCOM CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>111320107</cusip>
			<value>18348</value>
			<shrsOrPrnAmt>
				<sshPrnamt>356350</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>356350</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>BROOKFIELD ASSET MGMT INC CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>112585104</cusip>
			<value>1572</value>
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				<sshPrnamt>45000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>45000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>BROWN FORMAN CORP CL B</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>115637209</cusip>
			<value>21441</value>
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				<sshPrnamt>214025</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>214025</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>BROWN-FORMAN CORP CLASS A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>115637100</cusip>
			<value>95129</value>
			<shrsOrPrnAmt>
				<sshPrnamt>853783</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>853783</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>BRUKER BIOSCIENCES CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>116794108</cusip>
			<value>367</value>
			<shrsOrPrnAmt>
				<sshPrnamt>18000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>18000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BRUNSWICK CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>117043109</cusip>
			<value>4323</value>
			<shrsOrPrnAmt>
				<sshPrnamt>85000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>85000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BT GROUP PLC SPON ADR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>05577E101</cusip>
			<value>3545</value>
			<shrsOrPrnAmt>
				<sshPrnamt>50000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>50000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>BTO CN 3 1/4 10/1/18</nameOfIssuer>
			<titleOfClass>CONVERTIBLE BOND</titleOfClass>
			<cusip>11777QAB6</cusip>
			<value>1785</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2000000</sshPrnamt>
				<sshPrnamtType>PRN</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2000000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BUNGE LIMITED COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G16962105</cusip>
			<value>1932</value>
			<shrsOrPrnAmt>
				<sshPrnamt>22000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>22000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CABLEVISION SYS NY GROUP A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>12686C109</cusip>
			<value>179506</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7498168</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>7498168</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CABOT OIL &amp; GAS CORP COMMON ST</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>127097103</cusip>
			<value>14442</value>
			<shrsOrPrnAmt>
				<sshPrnamt>457900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>457900</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CADIZ INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>127537207</cusip>
			<value>130</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>15000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CALAMOS ASSET MANAGEMENT-A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>12811R104</cusip>
			<value>2266</value>
			<shrsOrPrnAmt>
				<sshPrnamt>185000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>185000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CALAVO GROWERS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>128246105</cusip>
			<value>779</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>15000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CALIFORNIA RES CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>13057Q107</cusip>
			<value>751</value>
			<shrsOrPrnAmt>
				<sshPrnamt>124400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>124400</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>CALIFORNIA WTR SVC GROUP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>130788102</cusip>
			<value>1152</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>50400</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>CALLON PETE CO DEL COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>13123X102</cusip>
			<value>1248</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>150000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CALPINE CORP COM NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>131347304</cusip>
			<value>288</value>
			<shrsOrPrnAmt>
				<sshPrnamt>16000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>16000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>CAMBIUM LEARNING GRP INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>13201A107</cusip>
			<value>342</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>80000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>CAMECO CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>13321L108</cusip>
			<value>5783</value>
			<shrsOrPrnAmt>
				<sshPrnamt>405000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>405000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CAMERON INTERNATIONAL CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>13342B105</cusip>
			<value>23917</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>456700</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>CAMPBELL SOUP CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>134429109</cusip>
			<value>23339</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>489800</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>CANADIAN SOLAR INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>136635109</cusip>
			<value>9286</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>324700</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>CANTEL MEDICAL CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>138098108</cusip>
			<value>11646</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>217000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>CANTERBURY PK HLDG CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>13811E101</cusip>
			<value>1895</value>
			<shrsOrPrnAmt>
				<sshPrnamt>180500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>180500</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CAPITOL FEDERAL FINANCIAL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>14057J101</cusip>
			<value>151</value>
			<shrsOrPrnAmt>
				<sshPrnamt>12500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>12500</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>CAPSTONE TURBINE CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>14067D102</cusip>
			<value>51</value>
			<shrsOrPrnAmt>
				<sshPrnamt>125000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>125000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CARBONITE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>141337105</cusip>
			<value>475</value>
			<shrsOrPrnAmt>
				<sshPrnamt>40200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>40200</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CARDIOVASCULAR SYS INC DEL COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>141619106</cusip>
			<value>1587</value>
			<shrsOrPrnAmt>
				<sshPrnamt>60000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>60000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CAREDX INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>14167L103</cusip>
			<value>813</value>
			<shrsOrPrnAmt>
				<sshPrnamt>125000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>125000</Sole>
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				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>CAREER EDUCATION CORP</nameOfIssuer>
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				<Sole>59000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>CARMIKE CINEMAS INC COM</nameOfIssuer>
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			<value>1991</value>
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				<Sole>75000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>CARRIZO OIL &amp; CO INC COM</nameOfIssuer>
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				<None>0</None>
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			<nameOfIssuer>CASEYS GEN STORES INC COM</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>CATAMARAN CORP</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>CATERPILLAR INC</nameOfIssuer>
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			<nameOfIssuer>CAVCO INDUSTRIES</nameOfIssuer>
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			<nameOfIssuer>CBS CORP CLASS A</nameOfIssuer>
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			<nameOfIssuer>CBS CORP NEW CL B</nameOfIssuer>
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			<nameOfIssuer>CDK GLOBAL INC COM</nameOfIssuer>
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			<nameOfIssuer>CELGENE CORP</nameOfIssuer>
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			<nameOfIssuer>CEMPRA INC COM</nameOfIssuer>
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			<nameOfIssuer>CENTERPOINT ENERGY INC COM</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>CENTRAL EUROPE AND RUSSIA FUND</nameOfIssuer>
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			<value>4071</value>
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			<nameOfIssuer>CENTURY ALUM CO COM</nameOfIssuer>
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			<nameOfIssuer>CENTURYLINK, INC.</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>CEPHEID COM</nameOfIssuer>
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			<nameOfIssuer>CF INDS HLDGS INC COM</nameOfIssuer>
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			<nameOfIssuer>CHARTER COMMUNICATIONS INC DCL</nameOfIssuer>
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			<nameOfIssuer>CHECK POINT SOFTWARE TECH</nameOfIssuer>
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			<nameOfIssuer>CHEESECAKE FACTORY INC</nameOfIssuer>
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			<nameOfIssuer>CHENIERE ENERGY INC COM NEW</nameOfIssuer>
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			<nameOfIssuer>CHESAPEAKE ENERGY CORP COM</nameOfIssuer>
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			<nameOfIssuer>CHINA AUTOMOTIVE SYS INC COM</nameOfIssuer>
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			<nameOfIssuer>CHINA MOBILE LTD</nameOfIssuer>
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			<nameOfIssuer>CHINA TELECOM CORP LTD SPONS A</nameOfIssuer>
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			<nameOfIssuer>CHINA UNICOM ADR</nameOfIssuer>
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			<nameOfIssuer>CHURCH &amp; DWIGHT CO</nameOfIssuer>
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			<nameOfIssuer>CHURCHILL DOWNS INC COM</nameOfIssuer>
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			<nameOfIssuer>CIGNA CORP</nameOfIssuer>
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			<nameOfIssuer>CINCINNATI BELL</nameOfIssuer>
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			<nameOfIssuer>CINCINNATI BELL PFD CVT 6.75%</nameOfIssuer>
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			<nameOfIssuer>CITY NATL CORP COM</nameOfIssuer>
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			<nameOfIssuer>CLEAR CHANNEL OUTDOOR HLDGS CL</nameOfIssuer>
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			<nameOfIssuer>CLICKSOFTWARE TECHNOLOGIES LOR</nameOfIssuer>
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			<nameOfIssuer>CLIFFS NATURAL RESOURCES INCCO</nameOfIssuer>
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			<nameOfIssuer>CNH INDUSTRIAL NV</nameOfIssuer>
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			<nameOfIssuer>COCA-COLA ENTERPRISES, INC.</nameOfIssuer>
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			<nameOfIssuer>COMCAST CORP CL A SPL</nameOfIssuer>
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			<nameOfIssuer>COMCAST CORP NEW COM CL A</nameOfIssuer>
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			<nameOfIssuer>CONSTELLIUM NV CL A</nameOfIssuer>
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				<None>0</None>
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			<nameOfIssuer>COOPER COS INC COM NEW</nameOfIssuer>
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			<nameOfIssuer>COOPER TIRE &amp; RUBBER CO</nameOfIssuer>
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			<value>19215</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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				<Sole>568000</Sole>
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		<infoTable>
			<nameOfIssuer>COPART INC COM</nameOfIssuer>
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			<cusip>217204106</cusip>
			<value>4409</value>
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		<infoTable>
			<nameOfIssuer>CORE MARK HOLDING CO INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>CORE MOLDING TECH COM</nameOfIssuer>
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			<cusip>218683100</cusip>
			<value>7423</value>
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			<nameOfIssuer>CORNING INC</nameOfIssuer>
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			<nameOfIssuer>COSTCO WHSL CORP NEW COM</nameOfIssuer>
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			<nameOfIssuer>COTT CORP COM</nameOfIssuer>
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			<nameOfIssuer>COTY INC-CL A</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>COVANTA HOLDING CORP</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>COVISINT CORP</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>CRANE CO</nameOfIssuer>
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			<value>70024</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>CREDIT ACCEP CORP MICH COM</nameOfIssuer>
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			<cusip>225310101</cusip>
			<value>1723</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>CROWN CASTLE INTL CORP</nameOfIssuer>
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			<cusip>22822V101</cusip>
			<value>5764</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>71779</Sole>
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		<infoTable>
			<nameOfIssuer>CROWN HOLDINGS INC COM</nameOfIssuer>
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			<value>15079</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>CROWN MEDIA HLDGS INC CL A</nameOfIssuer>
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			<cusip>228411104</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>547000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>CSR PLC ADR</nameOfIssuer>
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			<value>770</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>14000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CST BRANDS INC COM</nameOfIssuer>
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			<cusip>12646R105</cusip>
			<value>51040</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CTS CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>15406</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>799500</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CULLEN FROST BANKERS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>229899109</cusip>
			<value>6129</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>78000</Sole>
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		<infoTable>
			<nameOfIssuer>CUMMINS ENGINE INC</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>CURTISS WRIGHT CORP</nameOfIssuer>
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			<value>91847</value>
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			<nameOfIssuer>CUTERA INC COM</nameOfIssuer>
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			<value>6177</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>CVR REFNG LP COMUNIT REP LT</nameOfIssuer>
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			<nameOfIssuer>CVS HEALTH CORP</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>CYPRESS SEMICONDUCTOR CORP COM</nameOfIssuer>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>CYRUSONE INC</nameOfIssuer>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>CYTEC INDS INC COM</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>D R HORTON INC COM</nameOfIssuer>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>DAKTRONICS INC COM</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>DANA HOLDING CORP COM</nameOfIssuer>
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			<nameOfIssuer>DANAHER CORP SHS BEN INT</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>235851102</cusip>
			<value>3424</value>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>DAVITA INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>23918K108</cusip>
			<value>13351</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>DAWSON GEOPHYSICAL CO NEW COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>DEALERTRACK HLDGS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>DEAN FOODS CO NEW COM NEW</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>168000</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>DEERE &amp; CO.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>DELTA AIR LINES INC DEL COM NE</nameOfIssuer>
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			<nameOfIssuer>DENBURY RES INC COM NEW</nameOfIssuer>
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			<nameOfIssuer>DEUTSCHE BANK AG-REG (B:DB)</nameOfIssuer>
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			<nameOfIssuer>DEVON ENERGY CORP NEW</nameOfIssuer>
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			<nameOfIssuer>DIAGEO PLC SPONSORED ADR (B:DE</nameOfIssuer>
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			<nameOfIssuer>DIAMOND OFFSHORE DRILLNG INCCO</nameOfIssuer>
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			<nameOfIssuer>DISCOVER FINANCIAL</nameOfIssuer>
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			<nameOfIssuer>DISCOVERY COMMS NEW SER A</nameOfIssuer>
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			<nameOfIssuer>DISH NETWORK CORPORATION</nameOfIssuer>
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			<nameOfIssuer>DISNEY WALT PRODTNS</nameOfIssuer>
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			<nameOfIssuer>DOLBY LABORATORIES INC COM</nameOfIssuer>
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			<nameOfIssuer>DOMINION DIAMOND CORP COM</nameOfIssuer>
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			<nameOfIssuer>DOMINION RES INC VA NEW COM</nameOfIssuer>
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			<nameOfIssuer>DONNELLEY R R &amp; SONS CO</nameOfIssuer>
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			<nameOfIssuer>DOVER DOWNS GAMING &amp; ENTMT INC</nameOfIssuer>
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			<nameOfIssuer>DOVER MOTORSPORTS INC.(B:DVD)</nameOfIssuer>
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			<nameOfIssuer>DOW CHEMICAL CORP</nameOfIssuer>
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			<nameOfIssuer>DR PEPPER SNAPPLE GROUP INC CO</nameOfIssuer>
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			<nameOfIssuer>DR REDDYS LABS LTD ADR</nameOfIssuer>
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			<nameOfIssuer>DREAMWORKS ANIMATION SKG-A</nameOfIssuer>
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			<nameOfIssuer>DREW INDS INC COM NEW</nameOfIssuer>
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			<nameOfIssuer>DST SYS INC DEL COM</nameOfIssuer>
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			<nameOfIssuer>DTE ENERGY CO COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>DU PONT E I DE NEMOURS CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>DUKE ENERGY CORPORATION COM NE</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>DUN &amp; BRADSTREET CORP</nameOfIssuer>
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			<cusip>26483E100</cusip>
			<value>1867</value>
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				<sshPrnamt>15300</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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				<Sole>15300</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>E M C CORP MASS COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>268648102</cusip>
			<value>12271</value>
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				<sshPrnamt>465000</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>465000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>EARTHLINK HLDGS CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>27033X101</cusip>
			<value>15167</value>
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				<sshPrnamt>2025000</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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				<Sole>2025000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>EASTERN CO COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>276317104</cusip>
			<value>861</value>
			<shrsOrPrnAmt>
				<sshPrnamt>46500</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>46500</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>EATON CORP PLC SHS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G29183103</cusip>
			<value>20355</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>EATON VANCE CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>278265103</cusip>
			<value>1722</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>EBAY INC</nameOfIssuer>
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			<value>37915</value>
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		<infoTable>
			<nameOfIssuer>ECHOSTAR CORP-A</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>ECLIPSE RES CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>ECOLAB INC</nameOfIssuer>
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			<cusip>278865100</cusip>
			<value>19030</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>EDGEWATER TECHNOLOGY INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>280358102</cusip>
			<value>4092</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>EDISON INTL COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>281020107</cusip>
			<value>52801</value>
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				<sshPrnamt>950000</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>EL PASO ELEC CO COM NEW</nameOfIssuer>
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			<cusip>283677854</cusip>
			<value>68211</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>EL PASO ENERGY CAP TR I PFD CO</nameOfIssuer>
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			<cusip>283678209</cusip>
			<value>7169</value>
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		<infoTable>
			<nameOfIssuer>ELDORADO GOLD CORP NEW COM</nameOfIssuer>
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			<value>16290</value>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ELDORADO RESORTS INC COM</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ELECTRONIC ARTS COM</nameOfIssuer>
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			<cusip>285512109</cusip>
			<value>11671</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>ELIZABETH ARDEN INC</nameOfIssuer>
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			<cusip>28660G106</cusip>
			<value>357</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>EMBRAER SA SP ADR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29082A107</cusip>
			<value>757</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>25000</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>EMERSON ELEC CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>291011104</cusip>
			<value>942</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>17000</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>EMMIS COMMUNICATIONS CORP PFD</nameOfIssuer>
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			<cusip>291525202</cusip>
			<value>198</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>EMPIRE DIST ELEC CO COM</nameOfIssuer>
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			<value>10224</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>469000</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ENCANA CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>7759</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ENDO INTERNATIONAL PLC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G30401106</cusip>
			<value>21563</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>270724</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ENERGEN CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29265N108</cusip>
			<value>1434</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>21000</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ENERGIZER HLDGS INC COM(OLD)</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29266R108</cusip>
			<value>108976</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ENERGY RECOVERY INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>219</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>80000</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ENERGY TRANSFER EQUITY L P COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29273V100</cusip>
			<value>47293</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>737000</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ENERGY TRANSFER PARTNERS L PUN</nameOfIssuer>
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			<value>522</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ENERGY XXI (BERMUDA) LTD</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G10082140</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>ENERSIS S A</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ENI S P A ADR SPONSORED</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>26874R108</cusip>
			<value>4625</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ENPRO INDS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29355X107</cusip>
			<value>3147</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>55000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ENTEGRIS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29362U104</cusip>
			<value>3133</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>215000</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ENTERGY CORP NEW COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29364G103</cusip>
			<value>310</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4400</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ENTRAVISION COMM CORP CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29382R107</cusip>
			<value>461</value>
			<shrsOrPrnAmt>
				<sshPrnamt>56000</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>56000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>EOG RESOURCES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>26875P101</cusip>
			<value>22124</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>252700</Sole>
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			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>EPIQ SYS INC COM</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>EQUINIX INC COM</nameOfIssuer>
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				<None>0</None>
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			<nameOfIssuer>ESTEE LAUDER CO. INC.</nameOfIssuer>
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			<value>5182</value>
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				<None>0</None>
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			<nameOfIssuer>ETHAN ALLEN INTERIORS INC COM</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>EUROPEAN EQUITY FUND COM</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>EVERSOURCE ENERGY</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>EXACTECH INC COM</nameOfIssuer>
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			<nameOfIssuer>EXCO RESOURCES INC COM</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>EXELON CORP</nameOfIssuer>
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			<nameOfIssuer>EXPEDIA INC DEL COM NEW</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>EXPRESS SCRIPTS HOLDING COMPAN</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>EXXI 3.000% 12/15/18</nameOfIssuer>
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			<nameOfIssuer>EXXON MOBIL CORP</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>FACEBOOK INC CL A</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>FAIRWAY GROUP HLDGS CORP CL A</nameOfIssuer>
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			<cusip>30603D109</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>FALCONSTOR SOFTWARE INC COM</nameOfIssuer>
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			<value>827</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>FAMILY DLR STORES INC</nameOfIssuer>
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			<nameOfIssuer>FARMER BROS CO</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>FCB FINL HLDGS INC CL A</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>FEDERAL MOGUL CORP CL A</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>FEDERAL SIGNAL CORP COM</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>FEDERATED INVESTORS INC-CL B</nameOfIssuer>
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			<nameOfIssuer>FERRO CORP</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>FIDELITY NATL INFORMATION SVCO</nameOfIssuer>
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			<nameOfIssuer>FIDELITY SOUTHERN CORP</nameOfIssuer>
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			<nameOfIssuer>FIFTH STREET FINANCE CORP COM</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>FIRST NIAGARA FINL GP INC COM</nameOfIssuer>
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			<nameOfIssuer>FIRSTENERGY CORP COM</nameOfIssuer>
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			<nameOfIssuer>FIRSTMERIT CORP COM</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>FLOWERS FOODS INC COM</nameOfIssuer>
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			<nameOfIssuer>FLOWSERVE CORP COM</nameOfIssuer>
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			<nameOfIssuer>FLY LEASING LTD SPONSORED ADR</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>FMC TECHNOLOGIES INC COM</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>FNF GROUP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>FNFV GROUP COM</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>FOMENTO ECONOMICO MEXICANO SAD</nameOfIssuer>
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			<cusip>344419106</cusip>
			<value>29596</value>
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				<sshPrnamt>332200</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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				<Sole>332200</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>FORD MTR CO DEL COM PAR $0.01</nameOfIssuer>
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			<value>13884</value>
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				<sshPrnamt>925000</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>925000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>FOREST CITY ENTERPRISES INC CL</nameOfIssuer>
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				<sshPrnamt>260900</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>260900</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>FORTINET INC COM</nameOfIssuer>
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			<cusip>34959E109</cusip>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>53000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>FORTRESS INVESTMENT GROUP CL A</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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				<Sole>510064</Sole>
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			<nameOfIssuer>FORTUNE BRANDS HOME &amp; SECURITY</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>FRANCO NEVADA CORP COM</nameOfIssuer>
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			<nameOfIssuer>FRANKLIN ELEC INC</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>FREEPORT MCMORAN COPPER&amp;GOLD C</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>FRONTIER COMMUNICATIONS CORP</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>47000</Sole>
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				<None>0</None>
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			<nameOfIssuer>FULLER H B CO COM</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>FURMANITE CORPORATION</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>GAMING &amp; LEISURE PPTYS INC COM</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>GATX CORP</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>GENERAL COMMUNICATIONS INC CL</nameOfIssuer>
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			<value>851</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>GENERAL ELEC CO</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>GENERAL MILLS INC</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>GENERAL MTRS CO COM</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>GENTEX CORP COM</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>224000</Sole>
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		<infoTable>
			<nameOfIssuer>GENUINE PARTS CO</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>GIBRALTER INDUSTRIES INC</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>GILEAD SCIENCES INC COM</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>GLAXOSMITHKLINE PLC ADR (B:GSK</nameOfIssuer>
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			<cusip>37733W105</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>GLOBAL BRASS &amp; COPPER HOLDIN</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>GLOBAL POWER EQUIPMENT GRP INC</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>GLOBAL SOURCES LTD COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G39300101</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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				<Sole>674169</Sole>
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		<infoTable>
			<nameOfIssuer>GNC HLDGS INC COM CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>36191G107</cusip>
			<value>1868</value>
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				<Sole>42000</Sole>
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		<infoTable>
			<nameOfIssuer>GOGO INC COM</nameOfIssuer>
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			<nameOfIssuer>GOLD FIELDS LTD NEW SPON ADR (</nameOfIssuer>
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			<cusip>38059T106</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>GOLDCORP INC (US)</nameOfIssuer>
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			<cusip>380956409</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>GOLDMAN SACHS GR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>38141G104</cusip>
			<value>17163</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>GOOGLE INC CL C</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>GOOGLE INC-CL A</nameOfIssuer>
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			<cusip>38259P508</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>GORMAN RUPP CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>383082104</cusip>
			<value>25946</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>924000</Sole>
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		<infoTable>
			<nameOfIssuer>GP STRATEGIES CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>36225V104</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>GRACO INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>384109104</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>GRAFTECH INTERNATIONAL</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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				<None>0</None>
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			<nameOfIssuer>GRAY TELEVISION, INC</nameOfIssuer>
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			<nameOfIssuer>GRAY TELEVISION, INC CL A</nameOfIssuer>
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				<None>71200</None>
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			<nameOfIssuer>GREATBATCH INC</nameOfIssuer>
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				<None>0</None>
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			<nameOfIssuer>GREENBRIER COS INC</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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				<None>0</None>
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			<nameOfIssuer>GREIF INC CL A</nameOfIssuer>
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			<nameOfIssuer>GREIF INC CL B</nameOfIssuer>
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			<nameOfIssuer>GRIFFIN INDUSTRIAL REALTY</nameOfIssuer>
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			<nameOfIssuer>GRIFOLS SA SP ADR REP B NVT</nameOfIssuer>
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			<nameOfIssuer>GRUPO TELEVISA SA DE CV ADR (B</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>GUIDANCE SOFTWARE INC COM</nameOfIssuer>
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			<nameOfIssuer>GULF COAST ULTRA DEEP RTY TR R</nameOfIssuer>
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			<nameOfIssuer>H R BLOCK INC</nameOfIssuer>
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			<nameOfIssuer>HAIN CELESTIAL GROUP INC</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>HALCON RESOURCES CORPORATION C</nameOfIssuer>
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			<nameOfIssuer>HALLIBURTON COMPANY</nameOfIssuer>
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			<nameOfIssuer>HANESBRANDS INC COM</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>HARLEY DAVIDSON INC</nameOfIssuer>
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			<nameOfIssuer>HARMAN INTL INDS INC NEW COM</nameOfIssuer>
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			<nameOfIssuer>HARTFORD FINL SVCS GROUP INCCO</nameOfIssuer>
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			<nameOfIssuer>HAWAIIAN ELEC INDS INC COM</nameOfIssuer>
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			<nameOfIssuer>HAYNES INTERNATIONAL INC</nameOfIssuer>
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			<nameOfIssuer>HC2 HLDGS INC COM</nameOfIssuer>
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			<nameOfIssuer>HCA HOLDINGS INC COM</nameOfIssuer>
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			<nameOfIssuer>HCC INS HLDGS INC COM</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>HDFC BANK LTD ADR REPS 3 SHS</nameOfIssuer>
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			<nameOfIssuer>HEALTH NET INC COM</nameOfIssuer>
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			<nameOfIssuer>HEICO CORP NEW COM</nameOfIssuer>
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			<nameOfIssuer>HERTZ GLOBAL HOLDINGS INC COM</nameOfIssuer>
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			<nameOfIssuer>HESS CORP</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>HEWLETT PACKARD CO</nameOfIssuer>
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			<nameOfIssuer>HILLTOP HOLDINGS INC COM</nameOfIssuer>
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			<nameOfIssuer>HOME DEPOT INC</nameOfIssuer>
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			<nameOfIssuer>HOME INNS HOTEL GROUP</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>HOME LN SERVICING SOLUTIONS OR</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>HONEYWELL INT&apos;L INC</nameOfIssuer>
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			<nameOfIssuer>HOSPIRA INC COM</nameOfIssuer>
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			<nameOfIssuer>HOST HOTELS &amp; RESORTS INC</nameOfIssuer>
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			<nameOfIssuer>HOVNANIAN ENTERPRISES CL A</nameOfIssuer>
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			<nameOfIssuer>HSBC HLDGS PLC ADR SPON NEW</nameOfIssuer>
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			<nameOfIssuer>HSN INC COM</nameOfIssuer>
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			<nameOfIssuer>HUANENG PWR INTL INC SPON ADR</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>HUDSON CITY BANCORP INC COM</nameOfIssuer>
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			<nameOfIssuer>HUDSON VALLEY HOLDING CORP COM</nameOfIssuer>
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			<nameOfIssuer>HUMANA INC COM</nameOfIssuer>
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			<nameOfIssuer>HUNTSMAN CORP COM</nameOfIssuer>
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			<nameOfIssuer>HYATT HOTELS CORP COM CL A</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>IAC INTERACTIVECORP COM PAR $.</nameOfIssuer>
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			<cusip>44919P508</cusip>
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			<nameOfIssuer>ICU MEDICAL INC</nameOfIssuer>
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			<nameOfIssuer>IDACORP INC COM</nameOfIssuer>
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			<nameOfIssuer>IDEX CORP</nameOfIssuer>
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			<nameOfIssuer>IGATE CAP CORP COM</nameOfIssuer>
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			<nameOfIssuer>IKANG HEALTHCARE GROUP INC SPO</nameOfIssuer>
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			<nameOfIssuer>ILLUMINA</nameOfIssuer>
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			<nameOfIssuer>IMAX CORP COM</nameOfIssuer>
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			<nameOfIssuer>INFORMATICA CORP</nameOfIssuer>
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			<nameOfIssuer>INGERSOLL-RAND PLC</nameOfIssuer>
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			<nameOfIssuer>INGLES MKTS INC CL A</nameOfIssuer>
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			<nameOfIssuer>INGREDION INC COM</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>INNOVATIVE SOLUTIONS &amp; SUPPOCO</nameOfIssuer>
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			<nameOfIssuer>INTEGRATED DEVICE TECH INC COM</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>INTEGRATED SILICON SOLUTION CO</nameOfIssuer>
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			<nameOfIssuer>INTEL CORP</nameOfIssuer>
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			<nameOfIssuer>INTERACTIVE BROKERS</nameOfIssuer>
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			<nameOfIssuer>INTERNAP NETWORK SVCS CORP COM</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>INTERNATIONAL BUSINESS</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>INTERNATIONAL GAME TECH PLC SH</nameOfIssuer>
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		<infoTable>
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			<nameOfIssuer>INTERNATIONAL SPEEDWAY A</nameOfIssuer>
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			<nameOfIssuer>INTERPUBLIC GROUP COS INC</nameOfIssuer>
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			<nameOfIssuer>INTERVAL LEISURE GROUP INC COM</nameOfIssuer>
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			<nameOfIssuer>INTERXION HOLDING N.V SHS</nameOfIssuer>
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			<nameOfIssuer>INTL FLAVORS &amp; FRAGRANCES</nameOfIssuer>
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			<nameOfIssuer>INTREPID POTASH INC COM</nameOfIssuer>
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			<nameOfIssuer>INVENTURE FOODS INC</nameOfIssuer>
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			<nameOfIssuer>INVESCO LTD</nameOfIssuer>
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			<nameOfIssuer>IRIDIUM COMMUNICATIONS INC COM</nameOfIssuer>
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			<nameOfIssuer>ITC HLDGS CORP COM</nameOfIssuer>
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			<nameOfIssuer>ITT CORP NEW COM NEW</nameOfIssuer>
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			<nameOfIssuer>J &amp; J SNACK FOODS CORP</nameOfIssuer>
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			<nameOfIssuer>J.P. MORGAN CHASE &amp; CO</nameOfIssuer>
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			<nameOfIssuer>JANUS CAP GROUP INC COM</nameOfIssuer>
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			<nameOfIssuer>JARDEN CORPORATION</nameOfIssuer>
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			<nameOfIssuer>JASON INDS INC COM</nameOfIssuer>
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			<nameOfIssuer>JOHN BEAN TECHNOLOGIES CORP CO</nameOfIssuer>
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			<nameOfIssuer>JOHNSON CONTROLS</nameOfIssuer>
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			<nameOfIssuer>JOHNSON &amp; JOHNSON</nameOfIssuer>
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			<nameOfIssuer>JOURNAL MEDIA GROUP INC COM</nameOfIssuer>
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			<nameOfIssuer>KAMAN CORP</nameOfIssuer>
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			<nameOfIssuer>KANSAS CITY SOUTHERN</nameOfIssuer>
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			<nameOfIssuer>KAR AUCTION SVCS INC COM</nameOfIssuer>
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			<nameOfIssuer>KELLOGG CO</nameOfIssuer>
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			<nameOfIssuer>KEMET CORPORATION COME NEW</nameOfIssuer>
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			<nameOfIssuer>KENNAMETAL INC COM</nameOfIssuer>
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			<nameOfIssuer>KEURIG GREEN MTN INC COM</nameOfIssuer>
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			<nameOfIssuer>KEY ENERGY SVCS INC COM</nameOfIssuer>
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			<nameOfIssuer>KEY TECHNOLOGY INC COM</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>KIMBALL ELECTRONICS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>49428J109</cusip>
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			<nameOfIssuer>KIMBALL INTL INC CL B</nameOfIssuer>
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			<nameOfIssuer>KIMBERLY CLARK CORP</nameOfIssuer>
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			<nameOfIssuer>KINDER MORGAN INC WT EXP 05/25</nameOfIssuer>
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			<nameOfIssuer>KINDRED HEALTHCARE INC COM</nameOfIssuer>
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			<nameOfIssuer>KINROSS GOLD CORP COM NO PAR</nameOfIssuer>
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			<nameOfIssuer>KKR &amp; CO. L.P</nameOfIssuer>
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			<nameOfIssuer>KOHLS CORP</nameOfIssuer>
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			<nameOfIssuer>KONINKLIJKE PHILIPS NV ADR</nameOfIssuer>
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			<nameOfIssuer>KOREA ELEC PWR CO SPONSORED AD</nameOfIssuer>
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			<nameOfIssuer>KRAFT FOODS GROUP INC COM</nameOfIssuer>
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			<nameOfIssuer>KRISPY KREME DOUGHNUTS INC.</nameOfIssuer>
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			<nameOfIssuer>KROGER CO</nameOfIssuer>
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			<nameOfIssuer>KYOCERA CORP ADR</nameOfIssuer>
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			<nameOfIssuer>KYTHERA BIOPHARMACEUTICALS ICO</nameOfIssuer>
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			<nameOfIssuer>L 3 COMMUICATIONS</nameOfIssuer>
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			<nameOfIssuer>LA Z BOY CHAIR CO</nameOfIssuer>
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			<nameOfIssuer>LABORATORY CORP AMER HLDGS COM</nameOfIssuer>
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			<nameOfIssuer>LACLEDE GROUP INC</nameOfIssuer>
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			<nameOfIssuer>LAKES ENTMNT INC COM NEW</nameOfIssuer>
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			<nameOfIssuer>LAMAR ADVERTISING REIT CO</nameOfIssuer>
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			<nameOfIssuer>LANDAUER INC</nameOfIssuer>
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			<nameOfIssuer>LANTHEUS HOLDINGS INC</nameOfIssuer>
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			<nameOfIssuer>LAREDO PETE HLDGS INC COM</nameOfIssuer>
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			<nameOfIssuer>LAS VEGAS SANDS CORP</nameOfIssuer>
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			<nameOfIssuer>LAWSON PRODS INC COM</nameOfIssuer>
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			<nameOfIssuer>LAYNE CHRISTENSEN CO COM</nameOfIssuer>
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			<nameOfIssuer>LEGG MASON INC COM</nameOfIssuer>
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			<nameOfIssuer>LENDING TREE INC.</nameOfIssuer>
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			<nameOfIssuer>LENNAR B SHARES</nameOfIssuer>
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			<nameOfIssuer>LEUCADIA NATL CORP COM</nameOfIssuer>
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			<nameOfIssuer>LEVEL 3 COMM</nameOfIssuer>
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			<nameOfIssuer>LEXICON PHARMACEUTICALS INC</nameOfIssuer>
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			<nameOfIssuer>LIBERATOR MEDICAL HLDGS INC CO</nameOfIssuer>
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			<nameOfIssuer>LIBERTY BROADBAND CORP COM SER</nameOfIssuer>
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			<nameOfIssuer>LIBERTY GLOBAL PLC SHS CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>LIBERTY GLOBAL PLC SHS CL C</nameOfIssuer>
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			<nameOfIssuer>LIBERTY INTERACTIVE CORP</nameOfIssuer>
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			<cusip>53071M104</cusip>
			<value>36278</value>
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			<nameOfIssuer>LIBERTY MEDIA CORP DELAWARE CL</nameOfIssuer>
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			<cusip>531229102</cusip>
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			<nameOfIssuer>LIBERTY MEDIA CORP SERIES C</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>531229300</cusip>
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			<nameOfIssuer>LIBERTY TRIPADVISOR HLDG-A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>531465102</cusip>
			<value>4115</value>
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			<nameOfIssuer>LIBERTY VENTURES SER A</nameOfIssuer>
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			<value>15279</value>
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			<nameOfIssuer>LIFEWAY FOODS INC COM</nameOfIssuer>
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			<value>5873</value>
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			<nameOfIssuer>LILLY, ELI AND COMPANY</nameOfIssuer>
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			<nameOfIssuer>LINCOLN ELEC HLDGS INC COM</nameOfIssuer>
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			<nameOfIssuer>LINDSAY CORP</nameOfIssuer>
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			<value>5714</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>LITTELFUSE INC</nameOfIssuer>
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			<value>3606</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>LIVE NATION INC</nameOfIssuer>
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			<votingAuthority>
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			<nameOfIssuer>LOCKHEED MARTIN CORP COM</nameOfIssuer>
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			<nameOfIssuer>LOEWS CORP</nameOfIssuer>
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			<value>9820</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>LORAL SPACE &amp; COMMUNICATNS ICO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>543881106</cusip>
			<value>21473</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>LOUISIANA PACIFIC CORP</nameOfIssuer>
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			<cusip>546347105</cusip>
			<value>10218</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>LOWES COS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>6027</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>LUMOS NETWORKS CORP COM</nameOfIssuer>
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			<nameOfIssuer>LYDALL INC COM</nameOfIssuer>
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			<nameOfIssuer>M D C HLDGS INC COM</nameOfIssuer>
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			<nameOfIssuer>M &amp; T BK CORP COM</nameOfIssuer>
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			<nameOfIssuer>MACQUARIE INFRASTRUCTURE COMPA</nameOfIssuer>
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			<nameOfIssuer>MACY&apos;S INC</nameOfIssuer>
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			<nameOfIssuer>MADDEN STEVEN LTD COM</nameOfIssuer>
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			<nameOfIssuer>MADISON SQUARE GARDEN COMPANY</nameOfIssuer>
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			<nameOfIssuer>MAGNETEK INC</nameOfIssuer>
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			<nameOfIssuer>MALLINCKRODT PUB LTD CO SHS</nameOfIssuer>
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			<nameOfIssuer>MANITOWOC CO COM</nameOfIssuer>
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			<nameOfIssuer>MARATHON OIL CORP COM</nameOfIssuer>
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			<nameOfIssuer>MARATHON PETE CORP COM</nameOfIssuer>
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			<nameOfIssuer>MARCUS CORP COM</nameOfIssuer>
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			<nameOfIssuer>MARINE PRODS CORP COM</nameOfIssuer>
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			<nameOfIssuer>MARSH &amp; MCLENNAN COS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>571748102</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>MARTHA STEWART LIVING OMNI</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>MARTIN MARIETTA MTLS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>MASIMO CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>MASTERCARD INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>57636Q104</cusip>
			<value>101837</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1089400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1089400</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MATERION CORPORATION</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>576690101</cusip>
			<value>14199</value>
			<shrsOrPrnAmt>
				<sshPrnamt>402800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>402800</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MATTHEWS INTL CORP CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>577128101</cusip>
			<value>1674</value>
			<shrsOrPrnAmt>
				<sshPrnamt>31500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>31500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MCCLATCHY HOLDING COMPANY</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>579489105</cusip>
			<value>43</value>
			<shrsOrPrnAmt>
				<sshPrnamt>40000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>40000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MCCORMICK &amp; CO INC COM VTG</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>579780107</cusip>
			<value>203</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MCCORMICK &amp; CO INC NON VOTING</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>579780206</cusip>
			<value>3036</value>
			<shrsOrPrnAmt>
				<sshPrnamt>37500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>37500</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MCGRATH RENTCORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>580589109</cusip>
			<value>3195</value>
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				<sshPrnamt>105000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>105000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MCGRAW HILL COMPANIES, INC.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>580645109</cusip>
			<value>30045</value>
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				<sshPrnamt>299100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>299100</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MCKESSON HBOC INC.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>58155Q103</cusip>
			<value>22683</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>100900</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MDU RES GROUP INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>552690109</cusip>
			<value>684</value>
			<shrsOrPrnAmt>
				<sshPrnamt>35000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>35000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MEAD JOHNSON</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>582839106</cusip>
			<value>15608</value>
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				<sshPrnamt>173000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>173000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MEADOWBROOK INS GROUP INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>58319P108</cusip>
			<value>1161</value>
			<shrsOrPrnAmt>
				<sshPrnamt>135000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>135000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MEADWESTVACO(B:MWV)</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>583334107</cusip>
			<value>302</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>6400</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MEDALLION FINANCIAL CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>583928106</cusip>
			<value>501</value>
			<shrsOrPrnAmt>
				<sshPrnamt>60024</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>60024</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MEDASSETS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>584045108</cusip>
			<value>1235</value>
			<shrsOrPrnAmt>
				<sshPrnamt>56000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>56000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MEDIA GEN INC NEW COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>58441K100</cusip>
			<value>50125</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3034217</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3034217</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MEDTRONIC PLC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G5960L103</cusip>
			<value>25815</value>
			<shrsOrPrnAmt>
				<sshPrnamt>348382</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>348382</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MELCO PBL ENTERTAINMENT-ADR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>585464100</cusip>
			<value>648</value>
			<shrsOrPrnAmt>
				<sshPrnamt>33000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>33000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MENTOR GRAPHICS CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>587200106</cusip>
			<value>1586</value>
			<shrsOrPrnAmt>
				<sshPrnamt>60000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>60000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MERCK &amp; COMPANY</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>58933Y105</cusip>
			<value>64431</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1131750</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1131750</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MERCURY COMPUTER SYS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>589378108</cusip>
			<value>293</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MEREDITH CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>589433101</cusip>
			<value>12125</value>
			<shrsOrPrnAmt>
				<sshPrnamt>232500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>232500</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MERIDIAN BIOSCIENCE INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>589584101</cusip>
			<value>3635</value>
			<shrsOrPrnAmt>
				<sshPrnamt>195000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>195000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MERITAGE HOMES CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>59001A102</cusip>
			<value>7299</value>
			<shrsOrPrnAmt>
				<sshPrnamt>155000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>155000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MERU NETWORKS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>59047Q103</cusip>
			<value>158</value>
			<shrsOrPrnAmt>
				<sshPrnamt>97700</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>97700</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>METHANEX CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>59151K108</cusip>
			<value>21151</value>
			<shrsOrPrnAmt>
				<sshPrnamt>380000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>380000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>METTLER-TOLEDO INTL INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>592688105</cusip>
			<value>1332</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3900</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MGE ENERGY INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>55277P104</cusip>
			<value>18222</value>
			<shrsOrPrnAmt>
				<sshPrnamt>470500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>470500</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>MGM RESORTS INTERNATIONAL</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>552953101</cusip>
			<value>19309</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1058000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MGP INGREDIENTS INC NEW COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>55303J106</cusip>
			<value>1177</value>
			<shrsOrPrnAmt>
				<sshPrnamt>70000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>70000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MICREL INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>594793101</cusip>
			<value>356</value>
			<shrsOrPrnAmt>
				<sshPrnamt>25600</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>25600</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MICROSOFT CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>594918104</cusip>
			<value>35497</value>
			<shrsOrPrnAmt>
				<sshPrnamt>804000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>804000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MIDDLEBY CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>596278101</cusip>
			<value>8698</value>
			<shrsOrPrnAmt>
				<sshPrnamt>77500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>77500</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MIDDLESEX WTR CO COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>596680108</cusip>
			<value>2685</value>
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				<sshPrnamt>119000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>119000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MINERALS TECHNOLOGIES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>603158106</cusip>
			<value>5110</value>
			<shrsOrPrnAmt>
				<sshPrnamt>75000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>75000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MKS INSTRS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>55306N104</cusip>
			<value>766</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20187</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20187</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MOBILE TELESYSTEMS OJSC ADR SP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>607409109</cusip>
			<value>359</value>
			<shrsOrPrnAmt>
				<sshPrnamt>36750</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>36750</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MOCON INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>607494101</cusip>
			<value>1372</value>
			<shrsOrPrnAmt>
				<sshPrnamt>86000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>86000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MODINE MFG CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>607828100</cusip>
			<value>11996</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1118000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1118000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MODUSLINK GLOBAL SOLUTIONS I</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>60786L206</cusip>
			<value>1224</value>
			<shrsOrPrnAmt>
				<sshPrnamt>360000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>360000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MONDELEZ INTERNATIONAL</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>609207105</cusip>
			<value>119471</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2904000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2904000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MONRO MUFFLER BRAKE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>610236101</cusip>
			<value>1368</value>
			<shrsOrPrnAmt>
				<sshPrnamt>22000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>22000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MONSANTO CO NEW COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>61166W101</cusip>
			<value>20689</value>
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				<sshPrnamt>194100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>194100</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MOODYS CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>615369105</cusip>
			<value>972</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>9000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MOOG INC CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>615394202</cusip>
			<value>6008</value>
			<shrsOrPrnAmt>
				<sshPrnamt>85000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>85000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MOOG INC CL B</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>615394301</cusip>
			<value>1143</value>
			<shrsOrPrnAmt>
				<sshPrnamt>16200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>16200</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MORGAN STANLEY</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>617446448</cusip>
			<value>35621</value>
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				<sshPrnamt>918300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>918300</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MORGANS HOTEL GROUP CO COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>61748W108</cusip>
			<value>1585</value>
			<shrsOrPrnAmt>
				<sshPrnamt>235209</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>235209</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MOSAIC CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>61945C103</cusip>
			<value>4896</value>
			<shrsOrPrnAmt>
				<sshPrnamt>104500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>104500</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MOSY INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>619718109</cusip>
			<value>42</value>
			<shrsOrPrnAmt>
				<sshPrnamt>22000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>22000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>MOVADO GROUP INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>624580106</cusip>
			<value>2173</value>
			<shrsOrPrnAmt>
				<sshPrnamt>80000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>80000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>MSA SAFETY INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>553498106</cusip>
			<value>291</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>6000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>MSC INDL DIRECT INC CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>553530106</cusip>
			<value>837</value>
			<shrsOrPrnAmt>
				<sshPrnamt>12000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>12000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MUELLER INDS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>624756102</cusip>
			<value>64156</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1847807</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1847807</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>MUELLER WATER PRODUCTS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>624758108</cusip>
			<value>8709</value>
			<shrsOrPrnAmt>
				<sshPrnamt>957000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>957000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MURPHY OIL CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>626717102</cusip>
			<value>3326</value>
			<shrsOrPrnAmt>
				<sshPrnamt>80000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>80000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>MURPHY USA INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>626755102</cusip>
			<value>12989</value>
			<shrsOrPrnAmt>
				<sshPrnamt>232700</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>232700</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>MVC CAP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>553829102</cusip>
			<value>1285</value>
			<shrsOrPrnAmt>
				<sshPrnamt>126000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>126000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>MYERS INDS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>628464109</cusip>
			<value>27199</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1431500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1431500</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MYLAN N V ORD SHARES</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>N59465109</cusip>
			<value>26571</value>
			<shrsOrPrnAmt>
				<sshPrnamt>391550</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>391550</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MYRIAD GENETICS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>62855J104</cusip>
			<value>5421</value>
			<shrsOrPrnAmt>
				<sshPrnamt>159500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>159500</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NABORS INDUSTRIES LTD SHS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G6359F103</cusip>
			<value>10895</value>
			<shrsOrPrnAmt>
				<sshPrnamt>755000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>755000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NATHANS FAMOUS INC NEW COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>632347100</cusip>
			<value>5818</value>
			<shrsOrPrnAmt>
				<sshPrnamt>157000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>157000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>NATIONAL FUEL GAS CO N J COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>636180101</cusip>
			<value>221956</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3769000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3769000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>NATIONAL GRID PLC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>636274300</cusip>
			<value>3408</value>
			<shrsOrPrnAmt>
				<sshPrnamt>52775</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>52775</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NATIONAL INTERSTATE CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>63654U100</cusip>
			<value>8905</value>
			<shrsOrPrnAmt>
				<sshPrnamt>325939</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>325939</Sole>
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		<infoTable>
			<nameOfIssuer>NATIONAL PRESTO INDS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>637215104</cusip>
			<value>2410</value>
			<shrsOrPrnAmt>
				<sshPrnamt>30000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>30000</Sole>
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		<infoTable>
			<nameOfIssuer>NAV 4 3/4 04/15/19 144A</nameOfIssuer>
			<titleOfClass>CONVERTIBLE BOND</titleOfClass>
			<cusip>63934EAS7</cusip>
			<value>848</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>NAVIENT CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>63938C108</cusip>
			<value>12437</value>
			<shrsOrPrnAmt>
				<sshPrnamt>683000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>683000</Sole>
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		<infoTable>
			<nameOfIssuer>NAVIGATOR HOLDINGS LTD SHS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>Y62132108</cusip>
			<value>1667</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>88000</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>NAVISTAR INTL CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>63934E108</cusip>
			<value>84161</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3718989</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3718989</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>NCR CORP NEW COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>62886E108</cusip>
			<value>19956</value>
			<shrsOrPrnAmt>
				<sshPrnamt>663000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>663000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>NEOGEN CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>640491106</cusip>
			<value>942</value>
			<shrsOrPrnAmt>
				<sshPrnamt>19853</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>19853</Sole>
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		<infoTable>
			<nameOfIssuer>NEOGENOMICS INC COM NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>64049M209</cusip>
			<value>3045</value>
			<shrsOrPrnAmt>
				<sshPrnamt>562757</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>562757</Sole>
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		<infoTable>
			<nameOfIssuer>NEW GERMANY FD COM (B:GF US)</nameOfIssuer>
			<titleOfClass>MUTUAL FUNDS</titleOfClass>
			<cusip>644465106</cusip>
			<value>3303</value>
			<shrsOrPrnAmt>
				<sshPrnamt>219008</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>219008</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NEW JERSEY RES CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>646025106</cusip>
			<value>386</value>
			<shrsOrPrnAmt>
				<sshPrnamt>14000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>14000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>NEW SR INVT GROUP INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>648691103</cusip>
			<value>669</value>
			<shrsOrPrnAmt>
				<sshPrnamt>50000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>50000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NEW YORK CMNTY BANCORP INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>649445103</cusip>
			<value>3125</value>
			<shrsOrPrnAmt>
				<sshPrnamt>170000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>170000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NEW YORK TIMES CO CLASS A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>650111107</cusip>
			<value>328</value>
			<shrsOrPrnAmt>
				<sshPrnamt>24000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>24000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NEWFIELD EXPL CO COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>651290108</cusip>
			<value>1535</value>
			<shrsOrPrnAmt>
				<sshPrnamt>42500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>42500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>NEWMARKET CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>651587107</cusip>
			<value>8567</value>
			<shrsOrPrnAmt>
				<sshPrnamt>19300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>19300</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NEWMONT MINING 1.625% 07/15/17</nameOfIssuer>
			<titleOfClass>CONVERTIBLE BOND</titleOfClass>
			<cusip>651639AJ5</cusip>
			<value>254</value>
			<shrsOrPrnAmt>
				<sshPrnamt>250000</sshPrnamt>
				<sshPrnamtType>PRN</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>250000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NEWMONT MINING CORP HOLDING CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>651639106</cusip>
			<value>83525</value>
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				<sshPrnamt>3575571</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3575571</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NEWS CORP CL B</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>65249B208</cusip>
			<value>11324</value>
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				<sshPrnamt>795200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>795200</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NEWS CORP NEW CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>65249B109</cusip>
			<value>6638</value>
			<shrsOrPrnAmt>
				<sshPrnamt>455000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>455000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>NEXTERA ENERGY INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>65339F101</cusip>
			<value>129792</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1324000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1324000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NEXTERA ENERGY PARTNERS LP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>65341B106</cusip>
			<value>2813</value>
			<shrsOrPrnAmt>
				<sshPrnamt>71000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>71000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NIELSEN HOLDINGS NV</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>N63218106</cusip>
			<value>4186</value>
			<shrsOrPrnAmt>
				<sshPrnamt>93500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>93500</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>NIKE INC CL B</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>654106103</cusip>
			<value>6298</value>
			<shrsOrPrnAmt>
				<sshPrnamt>58300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>58300</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NIPPON TELEG&amp;TEL CORP ADR (B:N</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>654624105</cusip>
			<value>327</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>9000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NISOURCE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>65473P105</cusip>
			<value>18327</value>
			<shrsOrPrnAmt>
				<sshPrnamt>402000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>402000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NOBLE CORP PLC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G65431101</cusip>
			<value>3697</value>
			<shrsOrPrnAmt>
				<sshPrnamt>240200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>240200</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NOBLE ENERGY INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>655044105</cusip>
			<value>9710</value>
			<shrsOrPrnAmt>
				<sshPrnamt>227500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>227500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NORDSON CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>655663102</cusip>
			<value>467</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>6000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NORTEK INC COM NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>656559309</cusip>
			<value>2037</value>
			<shrsOrPrnAmt>
				<sshPrnamt>24500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>24500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NORTHERN TRUST CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>665859104</cusip>
			<value>23519</value>
			<shrsOrPrnAmt>
				<sshPrnamt>307600</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>307600</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NORTHROP GRUMMAN CORP (B:NOC)</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>666807102</cusip>
			<value>3728</value>
			<shrsOrPrnAmt>
				<sshPrnamt>23500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>23500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NORTHWEST NAT GAS CO COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>667655104</cusip>
			<value>19740</value>
			<shrsOrPrnAmt>
				<sshPrnamt>468000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>468000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NORTHWESTERN CORP COM NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>668074305</cusip>
			<value>45606</value>
			<shrsOrPrnAmt>
				<sshPrnamt>935500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>935500</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>NOVARTIS AG - ADR (B:NVS US)</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>66987V109</cusip>
			<value>36622</value>
			<shrsOrPrnAmt>
				<sshPrnamt>372400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>372400</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>NRG ENERGY INC COM NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>629377508</cusip>
			<value>6219</value>
			<shrsOrPrnAmt>
				<sshPrnamt>271802</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>271802</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NTELOS HLDGS CORP COM NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>67020Q305</cusip>
			<value>116</value>
			<shrsOrPrnAmt>
				<sshPrnamt>25000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>25000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>NUTRI SYS INC NEW COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>67069D108</cusip>
			<value>746</value>
			<shrsOrPrnAmt>
				<sshPrnamt>30000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>30000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>NUVASIVE INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>670704105</cusip>
			<value>6917</value>
			<shrsOrPrnAmt>
				<sshPrnamt>146000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>146000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>NVR INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>62944T105</cusip>
			<value>3752</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2800</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NXP SEMICONDUCTORS N V COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>N6596X109</cusip>
			<value>4498</value>
			<shrsOrPrnAmt>
				<sshPrnamt>45800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>45800</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>OCCIDENTAL PETE CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>674599105</cusip>
			<value>28308</value>
			<shrsOrPrnAmt>
				<sshPrnamt>364000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>364000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>OCEANEERING INTL INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>675232102</cusip>
			<value>13362</value>
			<shrsOrPrnAmt>
				<sshPrnamt>286800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>286800</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>OCH ZIFF CAP MGMT GROUP CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>67551U105</cusip>
			<value>3666</value>
			<shrsOrPrnAmt>
				<sshPrnamt>300000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>300000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>OFFICE DEPOT INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>676220106</cusip>
			<value>199</value>
			<shrsOrPrnAmt>
				<sshPrnamt>23000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>23000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>OGE ENERGY CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>670837103</cusip>
			<value>34513</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1208000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1208000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>OI S.A. SPON ADR PFD</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>670851401</cusip>
			<value>55</value>
			<shrsOrPrnAmt>
				<sshPrnamt>28700</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>28700</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>OIL DRI CORP AMER COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>677864100</cusip>
			<value>4375</value>
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				<sshPrnamt>144000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>144000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>OLIN CORP COM PAR $1.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>680665205</cusip>
			<value>5767</value>
			<shrsOrPrnAmt>
				<sshPrnamt>214000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>214000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>OM GROUP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>670872100</cusip>
			<value>3934</value>
			<shrsOrPrnAmt>
				<sshPrnamt>117093</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>117093</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>OMNICARE INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>681904108</cusip>
			<value>70584</value>
			<shrsOrPrnAmt>
				<sshPrnamt>748900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>748900</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>OMNOVA SOLUTIONS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>682129101</cusip>
			<value>7116</value>
			<shrsOrPrnAmt>
				<sshPrnamt>950000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>950000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ONE GAS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>68235P108</cusip>
			<value>9789</value>
			<shrsOrPrnAmt>
				<sshPrnamt>230000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>230000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ONEOK INC NEW COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>682680103</cusip>
			<value>33065</value>
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				<sshPrnamt>837500</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>837500</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>OPHTHOTECH CORP COM</nameOfIssuer>
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			<cusip>683745103</cusip>
			<value>1041</value>
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				<sshPrnamt>20000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>OPKO HEALTH INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>68375N103</cusip>
			<value>1688</value>
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				<sshPrnamt>105000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>105000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ORACLE SYS CORP</nameOfIssuer>
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			<cusip>68389X105</cusip>
			<value>5400</value>
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				<sshPrnamt>134000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>134000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ORANGE S.A ADR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>684060106</cusip>
			<value>1644</value>
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				<sshPrnamt>107000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>107000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ORBCOMM INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>68555P100</cusip>
			<value>169</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>25000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ORBITZ WORLDWIDE INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>68557K109</cusip>
			<value>1928</value>
			<shrsOrPrnAmt>
				<sshPrnamt>168800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>168800</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ORITANI FINL CORP DEL COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>68633D103</cusip>
			<value>3451</value>
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				<sshPrnamt>215000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>215000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ORMAT TECHNOLOGIES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>686688102</cusip>
			<value>4024</value>
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				<sshPrnamt>106794</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>106794</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ORTHOFIX INTL N V ORD</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>N6748L102</cusip>
			<value>9156</value>
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				<sshPrnamt>276450</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>276450</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>OTTER TAIL CORPORATION COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>689648103</cusip>
			<value>29100</value>
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				<sshPrnamt>1094000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1094000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>OUTERWALL INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>690070107</cusip>
			<value>3904</value>
			<shrsOrPrnAmt>
				<sshPrnamt>51300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>51300</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>OWENS &amp; MINOR INC NEW COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>690732102</cusip>
			<value>7350</value>
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				<sshPrnamt>216178</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>216178</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>O&apos;REILLY AUTOMOTIVE INC NEW CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>67103H107</cusip>
			<value>181801</value>
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				<sshPrnamt>804500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>804500</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PACCAR INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>693718108</cusip>
			<value>21791</value>
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				<sshPrnamt>341500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>341500</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PAIN THERAPEUTICS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>69562K100</cusip>
			<value>285</value>
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				<sshPrnamt>165000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>165000</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PALL CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>696429307</cusip>
			<value>82990</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>PANDORA MEDIA INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>698354107</cusip>
			<value>2455</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>158000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PARK ELECTROCHEMICAL CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>700416209</cusip>
			<value>6055</value>
			<shrsOrPrnAmt>
				<sshPrnamt>316000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>316000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PARK OHIO HLDGS CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>700666100</cusip>
			<value>19917</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>411000</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PARKER HANNIFIN CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>701094104</cusip>
			<value>4804</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>41300</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PARTNERRE LTD COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G6852T105</cusip>
			<value>5808</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PATTERSON COMPANIES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>703395103</cusip>
			<value>20049</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PATTERSON-UTI ENERGY INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>703481101</cusip>
			<value>11082</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>589000</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PDC ENERGY INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>69327R101</cusip>
			<value>2682</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>50000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PEABODY ENERGY CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>704549104</cusip>
			<value>2569</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1173000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PENN NATIONAL GAMING INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>707569109</cusip>
			<value>734</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>40000</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PENN VA CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>707882106</cusip>
			<value>686</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>156600</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PENNEY J C INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>708160106</cusip>
			<value>12485</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1474000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PENSKE AUTOMOTIVE GRP INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>70959W103</cusip>
			<value>13391</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>256984</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PENTAIR PLC SHS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G7S00T104</cusip>
			<value>9900</value>
			<shrsOrPrnAmt>
				<sshPrnamt>144000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>144000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PEP BOYS MANNY MOE &amp; JACK</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>713278109</cusip>
			<value>22342</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1820900</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1820900</Sole>
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				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>PEPCO HLDGS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>713291102</cusip>
			<value>13114</value>
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				<sshPrnamt>486800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>486800</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PEPSICO INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>713448108</cusip>
			<value>80786</value>
			<shrsOrPrnAmt>
				<sshPrnamt>865500</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>865500</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PERRIGO COMPANY</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G97822103</cusip>
			<value>2310</value>
			<shrsOrPrnAmt>
				<sshPrnamt>12500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>12500</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PETROBRAS BRASILEIRO ADR SPONS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>71654V408</cusip>
			<value>190</value>
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				<sshPrnamt>21000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>21000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PETROCHINA CO LTD SPONSORED AD</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>71646E100</cusip>
			<value>576</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>5200</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PFIZER INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>717081103</cusip>
			<value>63007</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1879123</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PG&amp;E CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>69331C108</cusip>
			<value>8298</value>
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				<sshPrnamt>169000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>169000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PHILIP MORRIS INTL INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>718172109</cusip>
			<value>6506</value>
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				<sshPrnamt>81150</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PHILLIPINE LONG DISTANCE TEL S</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>718252604</cusip>
			<value>7637</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>122577</Sole>
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		<infoTable>
			<nameOfIssuer>PHILLIPS 66</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>718546104</cusip>
			<value>17415</value>
			<shrsOrPrnAmt>
				<sshPrnamt>216175</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>216175</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PIEDMONT NAT GAS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>720186105</cusip>
			<value>4749</value>
			<shrsOrPrnAmt>
				<sshPrnamt>134500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>134500</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PIER 1 IMPORTS INC SHS BEN INT</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>720279108</cusip>
			<value>7275</value>
			<shrsOrPrnAmt>
				<sshPrnamt>576000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>576000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PINNACLE ENTMT INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>723456109</cusip>
			<value>12731</value>
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				<sshPrnamt>341500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>341500</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PINNACLE WEST CAP CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>723484101</cusip>
			<value>20139</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>354000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PIONEER NAT RES CO COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>723787107</cusip>
			<value>3467</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>PLANTRONICS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>727493108</cusip>
			<value>563</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PLUM CREEK TIMBER CO INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>729251108</cusip>
			<value>2840</value>
			<shrsOrPrnAmt>
				<sshPrnamt>70000</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>70000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PNC FINANCIAL CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>693475105</cusip>
			<value>59112</value>
			<shrsOrPrnAmt>
				<sshPrnamt>618000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>618000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PNM RES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>69349H107</cusip>
			<value>76506</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3110000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3110000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>POLYPORE INTL INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>73179V103</cusip>
			<value>59269</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>989794</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>POPULAR INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>733174700</cusip>
			<value>2165</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>75000</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>POST HOLDINGS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>737446104</cusip>
			<value>40313</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>POTASH CORP SASK INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>73755L107</cusip>
			<value>2716</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>POWERSHS DB US DOLLAR INDEX DO</nameOfIssuer>
			<titleOfClass>ETF - EQUITY</titleOfClass>
			<cusip>73936D107</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PPG INDS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>693506107</cusip>
			<value>8053</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>70200</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PPL CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>69351T106</cusip>
			<value>17063</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>PRAXAIR INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74005P104</cusip>
			<value>2869</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PRECISION CASTPARTS CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>740189105</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>PRICELINE GROUP INC/THE</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>741503403</cusip>
			<value>5331</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PRIMERO MNG CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74164W106</cusip>
			<value>4200</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>PRIVATEBANCORP INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>742962103</cusip>
			<value>1274</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PROCTER &amp; GAMBLE COMPANY</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>742718109</cusip>
			<value>45731</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PROGRESSIVE WASTE SOLUTIONS LT</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74339G101</cusip>
			<value>11752</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>437700</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PROVIDENCE &amp; WORCESTER RR COCO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>743737108</cusip>
			<value>3624</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>209014</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PT TELEKOMUNIKASI INDONESIA (B</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>715684106</cusip>
			<value>738</value>
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				<sshPrnamt>17000</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>PUBLIC SVC ENTERPRISES COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>744573106</cusip>
			<value>11391</value>
			<shrsOrPrnAmt>
				<sshPrnamt>290000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>290000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>PULTE CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>745867101</cusip>
			<value>6952</value>
			<shrsOrPrnAmt>
				<sshPrnamt>345000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>345000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>PZENA INVESTMENT MGMT INC CLAS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74731Q103</cusip>
			<value>597</value>
			<shrsOrPrnAmt>
				<sshPrnamt>54000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>54000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>QEP RES INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74733V100</cusip>
			<value>1573</value>
			<shrsOrPrnAmt>
				<sshPrnamt>85000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>85000</Sole>
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				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>QTS REALTY TRUST INC-CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74736A103</cusip>
			<value>838</value>
			<shrsOrPrnAmt>
				<sshPrnamt>23000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>23000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>QUAKER CHEM CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>747316107</cusip>
			<value>1510</value>
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				<sshPrnamt>17000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>17000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>QUALCOMM INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>747525103</cusip>
			<value>564</value>
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				<sshPrnamt>9000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>9000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>QUALITY DISTR INC FLA COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74756M102</cusip>
			<value>1116</value>
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				<sshPrnamt>72200</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>72200</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>QUALITY SYS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>747582104</cusip>
			<value>1922</value>
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				<sshPrnamt>116000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>116000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>QUANTUM CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>747906204</cusip>
			<value>109</value>
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				<sshPrnamt>65000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>65000</Sole>
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				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>QUEST DIAGNOSTICS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74834L100</cusip>
			<value>1813</value>
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				<sshPrnamt>25000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>25000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>QUESTAR CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>748356102</cusip>
			<value>1004</value>
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				<sshPrnamt>48000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>48000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>QUIDEL CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74838J101</cusip>
			<value>15606</value>
			<shrsOrPrnAmt>
				<sshPrnamt>680000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>680000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>QUINPARIO ACQUISITION CORP 2</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74874U200</cusip>
			<value>523</value>
			<shrsOrPrnAmt>
				<sshPrnamt>50000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>50000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>RALLY SOFTWARE DEV CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>751198102</cusip>
			<value>16328</value>
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				<sshPrnamt>839501</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>839501</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>RALPH LAUREN CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>751212101</cusip>
			<value>5731</value>
			<shrsOrPrnAmt>
				<sshPrnamt>43300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>43300</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>RANDGOLD RES LTD ADR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>752344309</cusip>
			<value>96656</value>
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				<sshPrnamt>1443700</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1443700</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>RAVEN INDS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>754212108</cusip>
			<value>2409</value>
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				<sshPrnamt>118500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>118500</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>RAYONIER INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>754907103</cusip>
			<value>741</value>
			<shrsOrPrnAmt>
				<sshPrnamt>29000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>29000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>RAYTHEON COMPANY</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>755111507</cusip>
			<value>957</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
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				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>REALD INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>75604L105</cusip>
			<value>13923</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1129176</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1129176</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>REGENERON PHARMACEUTICALS COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>75886F107</cusip>
			<value>2908</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5700</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>5700</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>REGIS CORP MINN COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>758932107</cusip>
			<value>378</value>
			<shrsOrPrnAmt>
				<sshPrnamt>24000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>24000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>RENTRAK CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>760174102</cusip>
			<value>2429</value>
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				<sshPrnamt>34800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>34800</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>REPUBLIC SVCS INC CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>760759100</cusip>
			<value>84729</value>
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				<sshPrnamt>2163100</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2163100</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>REXNORD CORP NEW COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>76169B102</cusip>
			<value>717</value>
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				<sshPrnamt>30000</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>30000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>RGC RES INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74955L103</cusip>
			<value>1120</value>
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				<sshPrnamt>56000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>56000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>RIO TINTO LTD ADR SPONSORED (B</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>767204100</cusip>
			<value>14535</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>352700</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ROCKWELL AUTOMATION INC (B:ROK</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>773903109</cusip>
			<value>72553</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>582100</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ROFIN SINAR TECHNOLOGIES INCCO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>775043102</cusip>
			<value>3726</value>
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				<sshPrnamt>135000</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>135000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ROGERS COMMUNICATIONS CL B</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>775109200</cusip>
			<value>85563</value>
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				<sshPrnamt>2408200</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2408200</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ROLLINS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>775711104</cusip>
			<value>124709</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>ROPER 1.481% 01/15/34</nameOfIssuer>
			<titleOfClass>CONVERTIBLE BOND</titleOfClass>
			<cusip>776696AA4</cusip>
			<value>1207</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>550000</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ROPER INDS INC NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>776696106</cusip>
			<value>5519</value>
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				<sshPrnamt>32000</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>32000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ROSETTA RESOURCES INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>777779307</cusip>
			<value>8916</value>
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				<sshPrnamt>385323</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>385323</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ROUNDYS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>779268101</cusip>
			<value>405</value>
			<shrsOrPrnAmt>
				<sshPrnamt>125000</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>125000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ROWAN COMPANIES PLC SHS CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G7665A101</cusip>
			<value>11885</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>563000</Sole>
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				<None>0</None>
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		</infoTable>
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			<nameOfIssuer>ROYAL BK CDA MONTREAL QUE COM</nameOfIssuer>
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			<nameOfIssuer>ROYAL DUTCH SHELL PLC ADR-A(RD</nameOfIssuer>
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			<nameOfIssuer>ROYAL GOLD INC COM</nameOfIssuer>
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			<nameOfIssuer>ROYCE GLOBAL VALUE TR INC COM</nameOfIssuer>
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			<nameOfIssuer>ROYCE VALUE TR INC</nameOfIssuer>
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			<nameOfIssuer>RPC INC. COMMON</nameOfIssuer>
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			<nameOfIssuer>RTI BIOLOGICS INC COM</nameOfIssuer>
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			<nameOfIssuer>RTI INTL METALS INC COM</nameOfIssuer>
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			<nameOfIssuer>RUSH ENTERPRISES INC CL B</nameOfIssuer>
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			<nameOfIssuer>RYLAND GROUP INC COM</nameOfIssuer>
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			<nameOfIssuer>RYMAN HOSPITALITY PPTYS INC CO</nameOfIssuer>
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			<nameOfIssuer>SALEM COMMUNICATIONS CORP DECL</nameOfIssuer>
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			<nameOfIssuer>SALLY BEAUTY HLDGS INC COM</nameOfIssuer>
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			<nameOfIssuer>SANFILIPPO JOHN B &amp; SON INC CO</nameOfIssuer>
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			<nameOfIssuer>SANOFI-AVENTIS-CVR</nameOfIssuer>
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			<cusip>80105N113</cusip>
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			<nameOfIssuer>SANOFI-SYNTHELABO SPONSORED AD</nameOfIssuer>
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			<nameOfIssuer>SCANA CORP NEW COM</nameOfIssuer>
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			<nameOfIssuer>SCHEIN HENRY INC COM</nameOfIssuer>
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			<nameOfIssuer>SCHLUMBERGER</nameOfIssuer>
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			<nameOfIssuer>SCHULMAN A INC COM</nameOfIssuer>
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			<value>1224</value>
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			<nameOfIssuer>SCHWAB CHARLES CORP NEW</nameOfIssuer>
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			<nameOfIssuer>SCHWEITZER-MAUDUIT INTL INC CO</nameOfIssuer>
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			<nameOfIssuer>SCIENTIFIC GAMES CORP CL A</nameOfIssuer>
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			<nameOfIssuer>SCRIPPS E W CO OHIO CL A</nameOfIssuer>
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			<nameOfIssuer>SCRIPPS NETWORKS INTERAC</nameOfIssuer>
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			<nameOfIssuer>SEACOR HLDGS INC COM</nameOfIssuer>
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			<nameOfIssuer>SEALED AIR CORP NEW</nameOfIssuer>
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			<nameOfIssuer>SEMPRA ENERGY COM</nameOfIssuer>
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			<nameOfIssuer>SENSIENT TECHNOLOGIES CORP</nameOfIssuer>
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			<nameOfIssuer>SHANDA GAMES LTD SP ADR REPTG</nameOfIssuer>
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			<nameOfIssuer>SHAW COMMUNICATIONS CL B NON V</nameOfIssuer>
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			<nameOfIssuer>SHENANDOAH TELECOMMUNICATIONCD</nameOfIssuer>
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			<titleOfClass>COM</titleOfClass>
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			<value>5453</value>
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				<sshPrnamt>845362</sshPrnamt>
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			<nameOfIssuer>SIGMA ALDRICH CORP</nameOfIssuer>
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			<nameOfIssuer>SILVER WHEATON CORP COM</nameOfIssuer>
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			<nameOfIssuer>SINCLAIR BROADCAST GROUP INCCL</nameOfIssuer>
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			<nameOfIssuer>SIRIUS XM HOLDINGS INC</nameOfIssuer>
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			<nameOfIssuer>SJW CORP COM</nameOfIssuer>
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			<nameOfIssuer>SK TELECOM LTD SPONSORED ADR (</nameOfIssuer>
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			<nameOfIssuer>SKYLINE CORP</nameOfIssuer>
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			<nameOfIssuer>SL INDS INC COM</nameOfIssuer>
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			<nameOfIssuer>SM ENERGY CO COM</nameOfIssuer>
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			<nameOfIssuer>SMITH A O CORP COM</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>SMITH &amp; NEPHEW P L C ADR SPONS</nameOfIssuer>
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			<nameOfIssuer>SMUCKER J M CO COM NEW</nameOfIssuer>
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			<nameOfIssuer>SNYDERS LANCE INC COM</nameOfIssuer>
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			<nameOfIssuer>SONOCO PRODS CO COM</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>SONY CORP-ADR (B:SNE US)</nameOfIssuer>
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			<nameOfIssuer>SORL AUTO PTS INC COM</nameOfIssuer>
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			<nameOfIssuer>SOUTH JERSEY INDS INC COM</nameOfIssuer>
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			<nameOfIssuer>SOUTHERN CO</nameOfIssuer>
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			<votingAuthority>
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			<nameOfIssuer>SOUTHWEST GAS CORP</nameOfIssuer>
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			<nameOfIssuer>SOUTHWESTERN ENERGY CO COM</nameOfIssuer>
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			<nameOfIssuer>SPDR SERIES TRUST S&amp;P OILGAS E</nameOfIssuer>
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			<cusip>78464A730</cusip>
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			<nameOfIssuer>SPECTRA ENERGY CORP COM</nameOfIssuer>
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			<nameOfIssuer>SPRINT CORP</nameOfIssuer>
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			<nameOfIssuer>ST JUDE MEDICAL CENTER INC</nameOfIssuer>
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			<nameOfIssuer>ST. JOE COMPANY</nameOfIssuer>
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			<nameOfIssuer>STAMPS.COM INC (NEW)</nameOfIssuer>
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			<nameOfIssuer>STANDARD MTR PRODS INC CLASS A</nameOfIssuer>
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			<cusip>853666105</cusip>
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			<nameOfIssuer>STANDARD PAC CORP NEW COM</nameOfIssuer>
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			<nameOfIssuer>STANDEX INTL CORP</nameOfIssuer>
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			<nameOfIssuer>STANLEY BLACK AND DECKER INC</nameOfIssuer>
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			<nameOfIssuer>STARBUCKS CORP COM</nameOfIssuer>
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			<nameOfIssuer>STARRETT L S CO CL A</nameOfIssuer>
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			<nameOfIssuer>STARWOOD HOTELS &amp; RESORTS WRLD</nameOfIssuer>
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			<nameOfIssuer>STARZ LIBRTY CAP COM</nameOfIssuer>
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			<value>15299</value>
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			<nameOfIssuer>STATE STREET CORP</nameOfIssuer>
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			<nameOfIssuer>STATOIL ASA SPONSORED ADR</nameOfIssuer>
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			<nameOfIssuer>STEEL PARTNERS HLDGS L P</nameOfIssuer>
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			<nameOfIssuer>STERIS CORP COM</nameOfIssuer>
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			<nameOfIssuer>STERLING BANCORP/DE</nameOfIssuer>
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			<nameOfIssuer>STILLWATER MINING</nameOfIssuer>
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			<nameOfIssuer>STONERIDGE INC</nameOfIssuer>
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			<nameOfIssuer>STRATASYS LTD SHS</nameOfIssuer>
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			<nameOfIssuer>STRATTEC SECURITY CORP.</nameOfIssuer>
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			<nameOfIssuer>STRYKER CORP</nameOfIssuer>
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			<nameOfIssuer>SUNCOR ENERGY INC</nameOfIssuer>
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			<nameOfIssuer>SUNEDISON INC</nameOfIssuer>
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			<nameOfIssuer>SUNTRUST BANKS INC</nameOfIssuer>
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			<nameOfIssuer>SUPERIOR ENERGY SVCS INC COM</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>SUPERIOR INDS INTL INC</nameOfIssuer>
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			<nameOfIssuer>SUPERVALU INC COMMON</nameOfIssuer>
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			<nameOfIssuer>SURMODICS INC COM</nameOfIssuer>
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			<nameOfIssuer>SUSQUEHANNA BANCSHARES INC COM</nameOfIssuer>
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			<cusip>869099101</cusip>
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			<nameOfIssuer>SYNCHRONOSS TECHNOLOGIES INCCO</nameOfIssuer>
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			<nameOfIssuer>SYNERON MEDICAL LTD ORD SHS</nameOfIssuer>
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			<nameOfIssuer>SYNGENTA AG ADR SPONSORED</nameOfIssuer>
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			<nameOfIssuer>T ROWE PRICE GROUP INC</nameOfIssuer>
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			<nameOfIssuer>TAHOE RES INC COM</nameOfIssuer>
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			<nameOfIssuer>TAIWAN SEMICONDUCTOR ADR</nameOfIssuer>
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			<nameOfIssuer>TAKE-TWO INTERACTIVE SOFTWARCO</nameOfIssuer>
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			<cusip>874054109</cusip>
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			<nameOfIssuer>TALEN ENERGY CORP</nameOfIssuer>
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			<nameOfIssuer>TARGA RES CORP COM</nameOfIssuer>
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			<nameOfIssuer>TD AMERITRADE HLDG CORP COM</nameOfIssuer>
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			<nameOfIssuer>TE CONNECTIVITY LTD</nameOfIssuer>
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			<nameOfIssuer>TEAM INC COM</nameOfIssuer>
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			<nameOfIssuer>TECK COMINCO LTD CL B</nameOfIssuer>
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			<nameOfIssuer>TEJON RANCH CO DEL COM</nameOfIssuer>
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				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TELECOM ARGENTINA SA ADR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>879273209</cusip>
			<value>1745</value>
			<shrsOrPrnAmt>
				<sshPrnamt>97000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>97000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TELECOM ITALIA SPA ADR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>87927Y102</cusip>
			<value>4566</value>
			<shrsOrPrnAmt>
				<sshPrnamt>359000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>359000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TELEFLEX INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>879369106</cusip>
			<value>677</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>5000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TELEFONICA BRASIL SA SPONSORED</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>87936R106</cusip>
			<value>5308</value>
			<shrsOrPrnAmt>
				<sshPrnamt>381021</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>381021</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TELEFONICA DE ESPANA SA ADR (B</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>879382208</cusip>
			<value>27174</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1913630</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1913630</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TELEPHONE &amp; DATA SYS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>879433829</cusip>
			<value>93737</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3188324</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3188324</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TELUS CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>87971M103</cusip>
			<value>6492</value>
			<shrsOrPrnAmt>
				<sshPrnamt>188500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>188500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TENARIS S A SPONSORED ADR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>88031M109</cusip>
			<value>4620</value>
			<shrsOrPrnAmt>
				<sshPrnamt>171000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>171000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TENET HEALTHCARE CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>88033G407</cusip>
			<value>22741</value>
			<shrsOrPrnAmt>
				<sshPrnamt>392896</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>392896</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TENNANT CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>880345103</cusip>
			<value>18426</value>
			<shrsOrPrnAmt>
				<sshPrnamt>282000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>282000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TENNECO AUTOMOTIVE INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>880349105</cusip>
			<value>36957</value>
			<shrsOrPrnAmt>
				<sshPrnamt>643400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>643400</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TESORO PETE CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>881609101</cusip>
			<value>2701</value>
			<shrsOrPrnAmt>
				<sshPrnamt>32000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>32000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TETRAPHASE PHARMACEUTICALS ICO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>88165N105</cusip>
			<value>6926</value>
			<shrsOrPrnAmt>
				<sshPrnamt>146000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>146000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TEVA PHARMACEUTICAL INDS LTDAD</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>881624209</cusip>
			<value>887</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>15000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TEXAS INSTRUMENTS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>882508104</cusip>
			<value>53030</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1029500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1029500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TEXTRON INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>883203101</cusip>
			<value>42137</value>
			<shrsOrPrnAmt>
				<sshPrnamt>944150</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>944150</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TFS FINL CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>87240R107</cusip>
			<value>235</value>
			<shrsOrPrnAmt>
				<sshPrnamt>14000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>14000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>THE SCOTTS MIRACLE GRO CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>810186106</cusip>
			<value>1480</value>
			<shrsOrPrnAmt>
				<sshPrnamt>25000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>25000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>THERMO FISHER SCIENTIFIC INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>883556102</cusip>
			<value>16492</value>
			<shrsOrPrnAmt>
				<sshPrnamt>127100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>127100</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>THOR INDS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>885160101</cusip>
			<value>1463</value>
			<shrsOrPrnAmt>
				<sshPrnamt>26000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>26000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TIFFANY &amp; CO NEW COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>886547108</cusip>
			<value>3718</value>
			<shrsOrPrnAmt>
				<sshPrnamt>40500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>40500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TIM PARTICIPACOES SA-ADR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>88706P205</cusip>
			<value>2150</value>
			<shrsOrPrnAmt>
				<sshPrnamt>131446</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>131446</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TIME WARNER CABLE INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>88732J207</cusip>
			<value>48836</value>
			<shrsOrPrnAmt>
				<sshPrnamt>274100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>274100</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TIME WARNER INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>887317303</cusip>
			<value>91763</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1049800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1049800</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TIMKEN CO COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>887389104</cusip>
			<value>8777</value>
			<shrsOrPrnAmt>
				<sshPrnamt>240000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>240000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TIMKENSTEEL CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>887399103</cusip>
			<value>3239</value>
			<shrsOrPrnAmt>
				<sshPrnamt>120017</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>120017</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TIVO INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>888706108</cusip>
			<value>5070</value>
			<shrsOrPrnAmt>
				<sshPrnamt>500000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>500000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TJX COS INC NEW COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>872540109</cusip>
			<value>4897</value>
			<shrsOrPrnAmt>
				<sshPrnamt>74000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>74000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TOLL BROS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>889478103</cusip>
			<value>14512</value>
			<shrsOrPrnAmt>
				<sshPrnamt>380000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>380000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TOOTSIE ROLL INDS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>890516107</cusip>
			<value>25727</value>
			<shrsOrPrnAmt>
				<sshPrnamt>796255</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>796255</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TORO CO COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>891092108</cusip>
			<value>2671</value>
			<shrsOrPrnAmt>
				<sshPrnamt>39400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>39400</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TOTAL SA ADR (B:TOT US)</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>89151E109</cusip>
			<value>12785</value>
			<shrsOrPrnAmt>
				<sshPrnamt>260018</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>260018</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TOWERS WATSON &amp; CO CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>891894107</cusip>
			<value>264</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2100</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TRACTOR SUPPLY CO COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>892356106</cusip>
			<value>29860</value>
			<shrsOrPrnAmt>
				<sshPrnamt>332000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>332000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TRANSACT TECHNOLOGIES INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>892918103</cusip>
			<value>221</value>
			<shrsOrPrnAmt>
				<sshPrnamt>33050</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>33050</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TRAVELERS COMPANIES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>89417E109</cusip>
			<value>13822</value>
			<shrsOrPrnAmt>
				<sshPrnamt>143000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>143000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TREDEGAR INDS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>894650100</cusip>
			<value>10636</value>
			<shrsOrPrnAmt>
				<sshPrnamt>481041</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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				<Sole>481041</Sole>
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			<nameOfIssuer>TRIBUNE MEDIA CO - A</nameOfIssuer>
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			<nameOfIssuer>TRINITY BIOTECH PLC SPON ADR N</nameOfIssuer>
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			<nameOfIssuer>TRINITY INDS INC</nameOfIssuer>
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			<nameOfIssuer>TRIPADVISOR INC COM</nameOfIssuer>
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			<nameOfIssuer>TURKCELL ILETISIM HIZMETLERISP</nameOfIssuer>
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			<nameOfIssuer>TURQUOISE HILL RESOURCES LTD</nameOfIssuer>
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			<nameOfIssuer>TWENTY FIRST CENTY FOX A</nameOfIssuer>
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			<nameOfIssuer>TWENTY FIRST CENTY FOX B</nameOfIssuer>
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			<nameOfIssuer>TWIN DISC INC COM</nameOfIssuer>
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			<nameOfIssuer>TYCO INTERNATIONAL PLC ORDINAR</nameOfIssuer>
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			<nameOfIssuer>TYLER TECHNOLOGIES INC COM</nameOfIssuer>
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			<nameOfIssuer>TYSON FOODS INC</nameOfIssuer>
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			<nameOfIssuer>U S BANCORP</nameOfIssuer>
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			<nameOfIssuer>U S SILICA HLDGS INC COM</nameOfIssuer>
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			<nameOfIssuer>UGI CORP NEW COM</nameOfIssuer>
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			<nameOfIssuer>UIL HLDG CORP COM</nameOfIssuer>
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			<nameOfIssuer>UNILEVER N V NEW YORK SHS N</nameOfIssuer>
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			<nameOfIssuer>UNION PACIFIC CORP</nameOfIssuer>
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			<nameOfIssuer>UNITED GUARDIAN INC COM</nameOfIssuer>
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			<nameOfIssuer>UNITED RENTALS INC COM</nameOfIssuer>
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			<nameOfIssuer>UNITED STATES CELLULAR CORP</nameOfIssuer>
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			<nameOfIssuer>UNITED TECHNOLOGIES CORP</nameOfIssuer>
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			<nameOfIssuer>UNITEDHEALTH GROUP INC COM</nameOfIssuer>
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			<nameOfIssuer>UNITIL CORP</nameOfIssuer>
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			<nameOfIssuer>UNIVERSAL AMERICAN CORP</nameOfIssuer>
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			<nameOfIssuer>UNIVERSAL TECHNICAL INST INCCO</nameOfIssuer>
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			<nameOfIssuer>VALE S A ADR</nameOfIssuer>
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			<nameOfIssuer>VALE S A ADR REPSTG PFD</nameOfIssuer>
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			<nameOfIssuer>VALERO ENERGY CORP COM</nameOfIssuer>
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			<nameOfIssuer>VALMONT INDS INC</nameOfIssuer>
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			<nameOfIssuer>VALUE LINE INC</nameOfIssuer>
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			<nameOfIssuer>VASCULAR SOLUTIONS INC COM</nameOfIssuer>
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			<nameOfIssuer>VECTREN INC.</nameOfIssuer>
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			<nameOfIssuer>VERIZON COMMUNICATIONS</nameOfIssuer>
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			<nameOfIssuer>VIACOM INC NEW CL A</nameOfIssuer>
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			<nameOfIssuer>VIACOM INC NEW CL B</nameOfIssuer>
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			<nameOfIssuer>VICOR CORP COM</nameOfIssuer>
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			<nameOfIssuer>VIDEOCON D2H LTD ADR</nameOfIssuer>
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			<nameOfIssuer>VILLAGE SUPER MKT INC CL A NEW</nameOfIssuer>
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			<nameOfIssuer>VIMPELCOM LTD-SPON ADR-W/I</nameOfIssuer>
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			<nameOfIssuer>VINA CONCHA Y TORO S A SPONSOR</nameOfIssuer>
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			<nameOfIssuer>VIRTU FINANCIAL INC-CLASS A</nameOfIssuer>
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			<nameOfIssuer>VISA INC-CLASS A SHRS</nameOfIssuer>
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			<nameOfIssuer>VISTEON CORP COM NEW</nameOfIssuer>
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			<nameOfIssuer>VITAMIN SHOPPE INC COM</nameOfIssuer>
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			<nameOfIssuer>VODAFONE GROUP ADR</nameOfIssuer>
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			<nameOfIssuer>VULCAN MATLS CO COM</nameOfIssuer>
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			<votingAuthority>
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			<nameOfIssuer>VWR CORP</nameOfIssuer>
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			<nameOfIssuer>W D 40 COMPANY</nameOfIssuer>
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			<nameOfIssuer>WADDELL &amp; REED FINL INC CL A</nameOfIssuer>
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			<nameOfIssuer>WAL MART STORES INC</nameOfIssuer>
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			<nameOfIssuer>WALGREENS BOOTS ALLIANCE INC C</nameOfIssuer>
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			<nameOfIssuer>WASTE CONNECTIONS INC COM</nameOfIssuer>
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			<nameOfIssuer>WASTE MGMT INC DEL COM</nameOfIssuer>
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			<nameOfIssuer>WATERS CORP COM</nameOfIssuer>
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			<nameOfIssuer>WATSCO INC CL B</nameOfIssuer>
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			<nameOfIssuer>WATTS WATER TECHNOLOGIES</nameOfIssuer>
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			<nameOfIssuer>WAUSAU PAPER CORP</nameOfIssuer>
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			<nameOfIssuer>WEATHERFORD INTERNATIONAL PLC</nameOfIssuer>
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			<nameOfIssuer>WEC ENERGY GROUP</nameOfIssuer>
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			<nameOfIssuer>WEIS MKTS INC</nameOfIssuer>
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			<nameOfIssuer>WELLS FARGO &amp; CO NEW</nameOfIssuer>
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			<nameOfIssuer>WESCO AIRCRAFT HLDGS INC COM</nameOfIssuer>
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			<nameOfIssuer>WESTAR ENERGY INC</nameOfIssuer>
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			<nameOfIssuer>WEYERHAEUSER CO</nameOfIssuer>
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			<nameOfIssuer>WHITEWAVE FOODS CO - A</nameOfIssuer>
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			<nameOfIssuer>WHITING PETE CORP NEW COM</nameOfIssuer>
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			<nameOfIssuer>WHOLE FOODS MKT INC COM</nameOfIssuer>
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				<Sole>603000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>WILEY JOHN &amp; SONS INC CL B</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>968223305</cusip>
			<value>694</value>
			<shrsOrPrnAmt>
				<sshPrnamt>12800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>12800</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WILLAMETTE VY VINEYARD INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>969136100</cusip>
			<value>138</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WILLIAMS COS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>969457100</cusip>
			<value>3581</value>
			<shrsOrPrnAmt>
				<sshPrnamt>62400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>62400</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WILLIS GROUP HOLDINGS PUBLIC L</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G96666105</cusip>
			<value>938</value>
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				<sshPrnamt>20000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WINNEBAGO INDS INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>974637100</cusip>
			<value>1415</value>
			<shrsOrPrnAmt>
				<sshPrnamt>60000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>60000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WOLVERINE WORLD WIDE INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>978097103</cusip>
			<value>4329</value>
			<shrsOrPrnAmt>
				<sshPrnamt>152000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>152000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WOODWARD INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>980745103</cusip>
			<value>4014</value>
			<shrsOrPrnAmt>
				<sshPrnamt>73000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>73000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WORLD WRESTLING ENTERTAINMENT</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>98156Q108</cusip>
			<value>3135</value>
			<shrsOrPrnAmt>
				<sshPrnamt>190000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>190000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WPX ENERGY INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>98212B103</cusip>
			<value>2456</value>
			<shrsOrPrnAmt>
				<sshPrnamt>200000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>200000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WRIGHT MED GROUP INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>98235T107</cusip>
			<value>14259</value>
			<shrsOrPrnAmt>
				<sshPrnamt>542992</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>542992</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WUXI PHARMATECH CAYMAN INC SPO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>929352102</cusip>
			<value>3846</value>
			<shrsOrPrnAmt>
				<sshPrnamt>91000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>91000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WYNDHAM WORLDWIDE CORP COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>98310W108</cusip>
			<value>1638</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WYNN RESORTS LTD COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>983134107</cusip>
			<value>7499</value>
			<shrsOrPrnAmt>
				<sshPrnamt>76000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>76000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>XCEL ENERGY INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>98389B100</cusip>
			<value>21915</value>
			<shrsOrPrnAmt>
				<sshPrnamt>681000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>681000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>XYLEM INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>98419M100</cusip>
			<value>93046</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2510000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2510000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>YAHOO INC.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>984332106</cusip>
			<value>38225</value>
			<shrsOrPrnAmt>
				<sshPrnamt>972900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>972900</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>YAMANA GOLD INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>98462Y100</cusip>
			<value>20753</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6917500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>6917500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>YELP INC CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>985817105</cusip>
			<value>611</value>
			<shrsOrPrnAmt>
				<sshPrnamt>14200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>14200</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>YORK WTR CO COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>987184108</cusip>
			<value>3171</value>
			<shrsOrPrnAmt>
				<sshPrnamt>152000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>152000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>YUME INC COM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>98872B104</cusip>
			<value>108</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ZEBRA TECHNOLOGIES CORP CL A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>989207105</cusip>
			<value>1666</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>15000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ZIMMER BIOMET HLDG</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>98956P102</cusip>
			<value>13566</value>
			<shrsOrPrnAmt>
				<sshPrnamt>124200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>124200</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ZOETIS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>19549</value>
			<shrsOrPrnAmt>
				<sshPrnamt>405413</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>405413</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
</informationTable>
