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   5,959,691 99,911 SH   SOLE   37,318 0 62,593
ALAMOS GOLD INC NEW COM CL A 011532108   3,493,464 236,845 SH   SOLE   200,802 0 36,043
AMERISERV FINL INC COM 03074A102   713,916 274,583 SH   SOLE   274,583 0 0
AMREP CORP COM 032159105   1,648,878 70,950 SH   SOLE   70,950 0 0
BUILD-A-BEAR WORKSHOP INC COM 120076104   8,254,724 276,355 SH   SOLE   276,355 0 0
BRT APARTMENTS CORP COM 055645303   5,842,603 347,774 SH   SOLE   201,904 0 145,870
BV FINL INC COM NEW 05603E208   1,549,500 150,000 SH   SOLE   150,000 0 0
SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101   678,848 33,375 SH   SOLE   6,060 0 27,315
CNH INDL N V SHS N20944109   578,016 44,600 SH   SOLE   44,600 0 0
CENTRAL PLAINS BANCSHARES IN COM 15486W100   1,788,500 175,000 SH   SOLE   175,000 0 0
CISCO SYS INC COM 17275R102   4,317,614 86,508 SH   SOLE   21,685 0 64,823
CULLMAN BANCORP INC COM 230153108   248,750 25,000 SH   SOLE   25,000 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C201   3,614,600 265,000 SH   SOLE   265,000 0 0
DRIL-QUIP INC COM 262037104   533,961 23,700 SH   SOLE   23,700 0 0
ECB BANCORP INC COM 26828M106   713,900 55,000 SH   SOLE   55,000 0 0
ENGLOBAL CORP COM NEW 293306205   102,390 59,675 SH   SOLE   59,675 0 0
ESSA BANCORP INC COM 29667D104   1,570,970 86,175 SH   SOLE   86,175 0 0
FIRST HORIZON CORPORATION COM 320517105   616,000 40,000 SH   SOLE   40,000 0 0
FRP HLDGS INC COM 30292L107   2,866,398 46,684 SH   SOLE   46,674 0 10
VANECK ETF TRUST GOLD MINERS ETF 92189F106   495,011 15,655 SH   SOLE   0 0 15,655
SPDR GOLD TR GOLD SHS 78463V107   4,632,403 22,518 SH   SOLE   200 0 22,318
GREAT LAKES DREDGE & DOCK CO COM 390607109   3,452,750 394,600 SH   SOLE   394,600 0 0
CORNING INC COM 219350105   3,340,957 101,364 SH   SOLE   25,015 0 76,349
ALPHABET INC CAP STK CL A 02079K305   769,743 5,100 SH   SOLE   4,800 0 300
HECLA MNG CO COM 422704106   1,326,574 275,795 SH   SOLE   216,810 0 58,985
HOMETRUST BANCSHARES INC COM 437872104   1,460,175 53,408 SH   SOLE   52,708 0 700
HURCO CO COM 447324104   6,220,832 308,573 SH   SOLE   237,942 0 70,631
INTEL CORP COM 458140100   3,591,021 81,300 SH   SOLE   23,400 0 57,900
IF BANCORP INC COM 44951J105   737,541 44,350 SH   SOLE   44,350 0 0
EVERSPIN TECHNOLOGIES INC COM 30041T104   491,040 62,000 SH   SOLE   62,000 0 0
MCEWEN MNG INC COM NEW 58039P305   224,631 22,782 SH   SOLE   1,098 0 21,684
NB BANCORP INC COM 63945M107   1,133,766 82,999 SH   SOLE   82,999 0 0
NEWMONT CORP COM 651639106   2,131,942 59,485 SH   SOLE   56,457 0 3,028
NEW GOLD INC CDA COM 644535106   2,877,879 1,692,870 SH   SOLE   1,528,020 0 164,850
ORION S.A. COM L72967109   1,557,024 66,200 SH   SOLE   66,200 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101   2,569,398 156,395 SH   SOLE   140,300 0 16,095
PATHFINDER BANCORP INC MD COM 70319R109   1,135,469 91,718 SH   SOLE   91,718 0 0
PFIZER INC COM 717081103   4,019,865 144,860 SH   SOLE   36,845 0 108,015
SPROTT PHYSICAL GOLD TR UNIT 85207H104   337,350 19,500 SH   SOLE   19,500 0 0
RICHMOND MUT BANCORPORATION COM 76525P100   444,800 40,000 SH   SOLE   40,000 0 0
SOUND FINL BANCORP INC COM 83607A100   1,462,602 35,945 SH   SOLE   35,945 0 0
SILVERCREST METALS INC COM 828363101   1,017,075 152,405 SH   SOLE   120,395 0 32,010
SEACOR MARINE HLDGS INC COM 78413P101   8,181,818 586,931 SH   SOLE   210,730 0 376,201
SERVOTRONICS INC COM 817732100   1,486,282 108,094 SH   SOLE   108,094 0 0
TAYLOR DEVICES INC COM 877163105   6,250,813 125,594 SH   SOLE   125,594 0 0
TC BANCSHARES INC COM 87224V108   591,250 43,000 SH   SOLE   43,000 0 0
TEXAS COMMUNITY BANCSHARES I COM 88231Q108   794,936 54,485 SH   SOLE   54,485 0 0
TIDEWATER INC NEW COM 88642R109   300,840 3,270 SH   SOLE   0 0 3,270
TRINITY PL HLDGS INC COM 89656D101   92,402 616,014 SH   SOLE   616,014 0 0
TEJON RANCH CO COM 879080109   1,987,597 128,981 SH   SOLE   128,981 0 0
U HAUL HOLDING COMPANY COM 023586100   419,761 6,215 SH   SOLE   2,805 0 3,410
U HAUL HOLDING COMPANY COM SER N 023586506   3,290,858 49,353 SH   SOLE   18,375 0 30,978
WILLIAM PENN BANCORPORATION COM 96927A105   926,250 75,000 SH   SOLE   75,000 0 0
WHITE MTNS INS GROUP LTD COM G9618E107   224,288 125 SH   SOLE   125 0 0
EXXON MOBIL CORP COM 30231G102   209,232 1,800 SH   SOLE   0 0 1,800