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
AGNICO EAGLE MINES LTD COM 008474108   4,508,322 99,193 SH   SOLE   40,340 0 58,853
ALAMOS GOLD INC NEW COM CL A 011532108   2,628,610 231,943 SH   SOLE   195,900 0 36,043
AMERISERV FINL INC COM 03074A102   685,197 258,565 SH   SOLE   258,565 0 0
AMREP CORP COM 032159105   1,193,556 70,950 SH   SOLE   70,950 0 0
BUILD-A-BEAR WORKSHOP INC COM 120076104   8,127,601 276,355 SH   SOLE   276,355 0 0
BRT APARTMENTS CORP COM 055645303   5,811,130 336,487 SH   SOLE   209,464 0 127,023
BV FINL INC COM NEW 05603E208   1,512,000 150,000 SH   SOLE   150,000 0 0
SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101   578,055 33,375 SH   SOLE   6,060 0 27,315
CLIPPER RLTY INC COM 18885T306   500,352 96,593 SH   SOLE   96,593 0 0
CISCO SYS INC COM 17275R102   4,663,357 86,744 SH   SOLE   26,885 0 59,859
CULLMAN BANCORP INC COM 230153108   262,500 25,000 SH   SOLE   25,000 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C201   3,890,200 265,000 SH   SOLE   265,000 0 0
ECB BANCORP INC COM 26828M106   603,757 55,000 SH   SOLE   55,000 0 0
EMX RTY CORP COM 26873J107   535,692 299,236 SH   SOLE   248,636 0 50,600
ENGLOBAL CORP COM 293306106   161,695 477,400 SH   SOLE   477,400 0 0
EQUINOX GOLD CORP COM 29446Y502   864,729 204,723 SH   SOLE   179,357 0 25,366
ESSA BANCORP INC COM 29667D104   1,293,487 86,175 SH   SOLE   86,175 0 0
FLUSHING FINL CORP COM 343873105   219,271 16,700 SH   SOLE   16,700 0 0
FIRST HORIZON CORPORATION COM 320517105   440,800 40,000 SH   SOLE   40,000 0 0
FRP HLDGS INC COM 30292L107   2,519,535 46,684 SH   SOLE   46,674 0 10
VANECK ETF TRUST GOLD MINERS ETF 92189F106   421,276 15,655 SH   SOLE   0 0 15,655
SPDR GOLD TR GOLD SHS 78463V107   3,816,991 22,263 SH   SOLE   200 0 22,063
GREAT LAKES DREDGE & DOCK CO COM 390607109   2,783,124 349,200 SH   SOLE   349,200 0 0
CORNING INC COM 219350105   3,081,035 101,117 SH   SOLE   25,015 0 76,102
ALPHABET INC CAP STK CL A 02079K305   667,386 5,100 SH   SOLE   4,800 0 300
HECLA MNG CO COM 422704106   1,101,818 281,795 SH   SOLE   222,810 0 58,985
HOMETRUST BANCSHARES INC COM 437872104   1,157,351 53,408 SH   SOLE   52,708 0 700
HURCO CO COM 447324104   4,902,503 218,569 SH   SOLE   165,683 0 52,886
INTEL CORP COM 458140100   2,858,931 80,420 SH   SOLE   23,400 0 57,020
IF BANCORP INC COM 44951J105   660,372 44,350 SH   SOLE   44,350 0 0
MCEWEN MNG INC COM NEW 58039P305   151,951 23,377 SH   SOLE   1,098 0 22,279
NEWMONT CORP COM 651639106   1,323,586 35,821 SH   SOLE   35,221 0 600
NEW GOLD INC CDA COM 644535106   770,736 846,870 SH   SOLE   762,020 0 84,850
ORION S.A. COM L72967109   929,936 43,700 SH   SOLE   43,700 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101   1,845,305 156,395 SH   SOLE   140,300 0 16,095
PATRIOT TRANSN HLDG INC COM 70338W105   1,217,993 148,990 SH   SOLE   148,990 0 0
PATHFINDER BANCORP INC MD COM 70319R109   1,212,512 91,718 SH   SOLE   91,718 0 0
PFIZER INC COM 717081103   4,613,118 139,075 SH   SOLE   29,845 0 109,230
SPROTT PHYSICAL GOLD TR UNIT 85207H104   279,240 19,500 SH   SOLE   19,500 0 0
RICHMOND MUT BANCORPORATION COM 76525P100   446,000 40,000 SH   SOLE   40,000 0 0
SANDSTORM GOLD LTD COM NEW 80013R206   992,533 212,990 SH   SOLE   178,010 0 34,980
SOUND FINL BANCORP INC COM 83607A100   1,328,887 35,945 SH   SOLE   35,945 0 0
SILVERCREST METALS INC COM 828363101   676,450 152,405 SH   SOLE   120,395 0 32,010
SEACOR MARINE HLDGS INC COM 78413P101   9,536,337 687,056 SH   SOLE   236,635 0 450,421
SERVOTRONICS INC COM 817732100   975,629 88,613 SH   SOLE   88,613 0 0
TAYLOR DEVICES INC COM 877163105   2,675,152 125,594 SH   SOLE   125,594 0 0
TC BANCSHARES INC COM 87224V108   585,230 43,000 SH   SOLE   43,000 0 0
TEXAS COMMUNITY BANCSHARES I COM 88231Q108   702,312 54,485 SH   SOLE   54,485 0 0
TIDEWATER INC NEW COM 88642R109   382,357 5,380 SH   SOLE   0 0 5,380
TRINITY PL HLDGS INC COM 89656D101   224,845 616,014 SH   SOLE   616,014 0 0
TEJON RANCH CO COM 879080109   1,929,872 118,981 SH   SOLE   118,981 0 0
U HAUL HOLDING COMPANY COM 023586100   340,790 6,245 SH   SOLE   2,810 0 3,435
U HAUL HOLDING COMPANY COM SER N 023586506   2,537,929 48,443 SH   SOLE   18,420 0 30,023
WILLIAM PENN BANCORPORATION COM 96927A105   1,872,000 150,000 SH   SOLE   150,000 0 0
EXXON MOBIL CORP COM 30231G102   211,644 1,800 SH   SOLE   0 0 1,800