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
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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
APOLLO ENDOSURGERY INC COM 03767D108 5,255 3,109,512 SH   SOLE   3,109,512 0 0
COEUR MNG INC COM NEW 192108504 28,782 3,900,000 SH   SOLE   3,900,000 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 20,328 2,135,296 SH   SOLE   2,135,296 0 0
FIRST TR EXCHANGE-TRADED FD DJ INTERNT IDX 33733E302 414 2,200 SH   SOLE   2,200 0 0
FORTUNA SILVER MINES INC COM 349915108 17,460 2,745,355 SH   SOLE   2,745,355 0 0
GOLDEN STAR RES LTD CDA COM 38119T807 41,976 9,739,299 SH   SOLE   9,739,299 0 0
HARMONY GOLD MINING CO LTD SPONSORED ADR 413216300 44,795 8,500,000 SH   SOLE   8,500,000 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 2,800 10,077 SH   SOLE   10,077 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 36,473 748,464 SH   SOLE   748,464 0 0
REATA PHARMACEUTICALS INC CL A 75615P103 298,453 3,063,567 SH   SOLE   3,063,567 0 0
SCORPIO BULKERS INC COM Y7546A130 12,863 908,415 SH   SOLE   908,415 0 0
SIBANYE STILLWATER LTD SPONSORED ADR 82575P107 51,516 4,624,441 SH   SOLE   4,624,441 0 0
SPROTT ETF TRUST GOLD MINERS ETF 85210B102 352 10,500 SH   SOLE   10,500 0 0
SSR MNG INC COM 784730103 33,089 1,772,315 SH   SOLE   1,772,315 0 0
TIDEWATER INC NEW COM 88642R109 6,776 1,009,782 SH   SOLE   1,009,782 0 0