The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN EAGLE OUTFITTERS INC COM 02553E106   5,821,400 260,000 SH   SOLE   0 0 0
ARCBEST CORP COM 03937C105   3,687,300 34,000 SH   SOLE   0 0 0
ALCOA CORP COM 013872106   6,365,700 165,000 SH   SOLE   0 0 0
ALPHA METALLURGICAL RESOURCES INC COM 020764106   1,180,900 5,000 SH   SOLE   0 0 0
BUCKLE INC COM 118440106   16,049,050 365,000 SH   SOLE   0 0 0
CENTURY ALUM CO COM 156431108   14,671,920 904,000 SH   SOLE   0 0 0
DENISON MINES CORP COM 248356107   1,076,040 588,000 SH   SOLE   0 0 0
ERO COPPER CORP COM 296006109   65,723,837 2,209,610 SH   SOLE   0 0 0
RIO TINTO PLC SPONSORED ADR 767204100   4,255,966 59,800 SH   SOLE   0 0 0
DIREXION SHS ETF TR OIL GAS BL 2X SH OIL GAS BL 2X SH 25460G500   7,065,936 250,654 SH   SOLE   0 0 0
LIBERTY ENERGY INC COM CL A COM CL A 53115L104   6,681,500 350,000 SH   SOLE   0 0 0
NEW GOLD INC CDA COM 644535106   2,923,200 1,015,000 SH   SOLE   0 0 0
SCHLUMBERGER LTD COM STK 806857108   6,040,800 144,000 SH   SOLE   0 0 0
VALE S A SPONSORED ADS SPONSORED ADS 91912E105   1,868,800 160,000 SH   SOLE   0 0 0
WEST FRASER TIMBER CO LTD COM 952845105   15,812,400 120,000 SH   SOLE   0 0 0
EXXON MOBIL CORP COM 30231G102   5,286,622 45,100 SH   SOLE   0 0 0