The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
|
||||||||||||||||
| COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 | ||||
| VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY | |||||
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| Alliance One International Inc. | COM NEW | 018772301 | 28,116 | 1,175,915 | SH | SOLE | 1,175,915 | 0 | 0 | ||
| American International Group Inc. Warrant | *W EXP 01/19/202 | 026874156 | 3,636 | 131,222 | SH | SOLE | 131,222 | 0 | 0 | ||
| Aspen Insurance Holdings Ltd. | SHS | G05384105 | 2,785 | 58,156 | SH | SOLE | 58,156 | 0 | 0 | ||
| Aurico Gold Inc. | COM | 05155C105 | 5,080 | 1,788,678 | SH | SOLE | 1,788,678 | 0 | 0 | ||
| Avino Silver & Gold Mines | COM | 053906103 | 2,430 | 2,297,792 | SH | SOLE | 2,297,792 | 0 | 0 | ||
| Ballantyne Strong Inc. | COM | 058516105 | 402 | 85,793 | SH | SOLE | 85,793 | 0 | 0 | ||
| Bowl America Inc. - Class A | CL A | 102565108 | 232 | 16,224 | SH | SOLE | 16,224 | 0 | 0 | ||
| BRT Realty Trust | SH BEN INT NEW | 055645303 | 139 | 19,745 | SH | SOLE | 19,745 | 0 | 0 | ||
| California First National Bank Corp. | COM | 130222102 | 3,025 | 224,244 | SH | SOLE | 224,244 | 0 | 0 | ||
| Central Fund of Canada Limited Class A | CL A | 153501101 | 276 | 23,638 | SH | SOLE | 23,638 | 0 | 0 | ||
| Cloud Peak Energy | COM | 18911Q102 | 3,120 | 669,600 | SH | SOLE | 669,600 | 0 | 0 | ||
| Coeur D Alene Mines Corp. | COM NEW | 192108504 | 3,721 | 651,696 | SH | SOLE | 651,696 | 0 | 0 | ||
| Comstock Resources Inc. | COM NEW | 205768203 | 1,997 | 599,687 | SH | SOLE | 599,687 | 0 | 0 | ||
| Delta Apparel Inc. | COM | 247368103 | 12,211 | 853,887 | SH | SOLE | 853,887 | 0 | 0 | ||
| First Federal Northern Michigan Bancorp. | COM | 32021X105 | 228 | 35,640 | SH | SOLE | 35,640 | 0 | 0 | ||
| Frequency Electronics, Inc. | COM | 358010106 | 2,231 | 197,783 | SH | SOLE | 197,783 | 0 | 0 | ||
| Frisch's Restaurants, Inc. | COM | 358748101 | 869 | 25,901 | SH | SOLE | 25,901 | 0 | 0 | ||
| Globus Maritime | COM | Y27265209 | 203 | 178,047 | SH | SOLE | 178,047 | 0 | 0 | ||
| GulfMark Offshore, Inc. | CL A NEW | 402629208 | 2,209 | 190,409 | SH | SOLE | 190,409 | 0 | 0 | ||
| Hardinge Inc. | COM | 412324303 | 3,844 | 390,237 | SH | SOLE | 390,237 | 0 | 0 | ||
| International Shipholding Corporation | COM NEW | 460321201 | 1,485 | 232,812 | SH | SOLE | 232,812 | 0 | 0 | ||
| Lake Shore Gold Corp. | COM | 510728108 | 4,934 | 4,744,295 | SH | SOLE | 4,744,295 | 0 | 0 | ||
| Lubys. Inc. | COM | 549282101 | 1,530 | 315,436 | SH | SOLE | 315,436 | 0 | 0 | ||
| McDermott International Inc. | COM | 580037109 | 8,202 | 1,536,034 | SH | SOLE | 1,536,034 | 0 | 0 | ||
| Mercer International Inc. | COM | 588056101 | 7,421 | 542,452 | SH | SOLE | 542,452 | 0 | 0 | ||
| Mitcham Industies, Inc. | COM | 606501104 | 3,748 | 894,519 | SH | SOLE | 894,519 | 0 | 0 | ||
| Natuzzi S.p.A. | ADR | 63905A101 | 1,048 | 499,065 | SH | SOLE | 499,065 | 0 | 0 | ||
| Nevsun Resources Ltd. | COM | 64156L101 | 7,790 | 2,066,202 | SH | SOLE | 2,066,202 | 0 | 0 | ||
| Olympic Steel Inc. | COM | 68162K106 | 3,701 | 212,215 | SH | SOLE | 212,215 | 0 | 0 | ||
| Paragon Offshore PLC | SHS | G6S01W108 | 2,937 | 2,694,703 | SH | SOLE | 2,694,703 | 0 | 0 | ||
| Parker Drilling Co. | COM | 701081101 | 5,681 | 1,711,054 | SH | SOLE | 1,711,054 | 0 | 0 | ||
| Photronics Inc. | COM | 719405102 | 10,383 | 1,091,747 | SH | SOLE | 1,091,747 | 0 | 0 | ||
| Resolute Forest Products Inc. | COM | 76117W109 | 7,265 | 645,802 | SH | SOLE | 645,802 | 0 | 0 | ||
| Rowan Companies PLC-A | SHS CL A | G7665A101 | 1,174 | 55,632 | SH | SOLE | 55,632 | 0 | 0 | ||
| Rubicon Technology Inc. | COM | 78112T107 | 2,136 | 879,200 | SH | SOLE | 879,200 | 0 | 0 | ||
| Ruby Tuesday | COM | 781182100 | 5,744 | 916,087 | SH | SOLE | 916,087 | 0 | 0 | ||
| Superior Industries International Inc. | COM | 868168105 | 3,789 | 206,935 | SH | SOLE | 206,935 | 0 | 0 | ||
| Sypris Solutions Inc. | COM | 871655106 | 2,166 | 1,493,545 | SH | SOLE | 1,493,545 | 0 | 0 | ||
| Tecumseh Products Company | COM | 878895309 | 7,549 | 3,056,098 | SH | SOLE | 3,056,098 | 0 | 0 | ||
| Timmins Gold Corp. | COM | 88741P103 | 371 | 629,010 | SH | SOLE | 629,010 | 0 | 0 | ||
| U.S. Global Investors | CL A | 902952100 | 665 | 239,184 | SH | SOLE | 239,184 | 0 | 0 | ||
| Universal Stainless & Alloy Products Inc. | COM | 913837100 | 5,731 | 291,660 | SH | SOLE | 291,660 | 0 | 0 | ||
| White Mountains Insurance Group | COM | G9618E107 | 2,356 | 3,597 | SH | SOLE | 3,597 | 0 | 0 | ||
| WPX Energy Inc. | COM | 98212B103 | 9,014 | 734,041 | SH | SOLE | 734,041 | 0 | 0 | ||