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The reader should not assume that the information is accurate and complete.

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

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
APOLLO ENDOSURGERY INC COM 03767D108 10,572 3,109,512 SH   SOLE   3,109,512 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 27,153 2,020,332 SH   SOLE   2,020,332 0 0
FIRST TR EXCHANGE-TRADED FD DJ INTERNT IDX 33733E302 467 2,200 SH   SOLE   2,200 0 0
FORTUNA SILVER MINES INC COM 349915108 22,299 2,706,228 SH   SOLE   2,706,228 0 0
GOLDEN STAR RES LTD CDA COM 38119T807 37,075 9,993,249 SH   SOLE   9,993,249 0 0
HARMONY GOLD MINING CO LTD SPONSORED ADR 413216300 28,138 6,012,401 SH   SOLE   6,012,401 0 0
HECLA MNG CO COM 422704106 2,173 335,337 SH   SOLE   335,337 0 0
HYCROFT MINING HOLDING CORP COM CL A 44862P109 892 113,692 SH   SOLE   113,692 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 3,421 10,904 SH   SOLE   10,904 0 0
KINROSS GOLD CORP COM 496902404 29,367 4,001,000 SH   SOLE   4,001,000 0 0
REATA PHARMACEUTICALS INC CL A 75615P103 358,115 2,896,901 SH   SOLE   2,896,901 0 0
SCORPIO BULKERS INC COM Y7546A130 15,379 908,415 SH   SOLE   908,415 0 0
SIBANYE STILLWATER LTD SPONSORED ADR 82575P107 74,702 4,701,190 SH   SOLE   4,701,190 0 0
SPROTT ETF TRUST GOLD MINERS ETF 85210B102 321 10,500 SH   SOLE   10,500 0 0
SSR MNG INC COM 784730103 30,308 1,507,087 SH   SOLE   1,507,087 0 0
TIDEWATER INC NEW COM 88642R109 8,725 1,009,782 SH   SOLE   1,009,782 0 0
UNITED STS NAT GAS FD LP UNIT PAR 912318300 92 10,000 SH   SOLE   10,000 0 0