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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
CAMECO CORP COM 13321L108 211,877 9,714,663 SH   SOLE 1 9,714,663 0 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 103,428 25,164,903 SH   SOLE 1 25,164,903 0 0
NOVAGOLD RES INC COM NEW 66987E206 80,749 11,770,920 SH   SOLE 1 11,770,920 0 0
VEON LTD SPONSORED ADR 91822M106 133,974 78,347,333 SH   SOLE 1 78,347,333 0 0
RANGE RES CORP COM 75281A109 149,719 8,397,014 SH   SOLE 1 8,397,014 0 0
GATOS SILVER INC COM 368036109 28,058 2,703,036 SH   SOLE 1 2,703,036 0 0
VANECK VECTORS ETF TRUST JR GOLD MINERS ETF 92189F791 87,726 2,092,213 SH   SOLE 1 2,092,213 0 0
VANECK VECTORS ETF TRUST SEMICONDUCTR ETF 92189F676 50,950 165,000 SH Put SOLE 1 0 0 165,000
SCHLUMBERGER LTD COM 806857108 174,600 5,805,476 SH   SOLE 1 5,805,476 0 0
WEATHERFORD INTL PLC ORD SHS G48833118 152,494 5,501,212 SH   SOLE 1 5,501,212 0 0
LIBERTY OILFIELD SVCS INC COM 53115L104 48,334 4,982,862 SH   SOLE 1 4,982,862 0 0
VALARIS LIMITED CL A G9460G101 71,519 1,986,649 SH   SOLE 1 1,986,649 0 0
FATHOM DIGITAL MFG CORP COM CL A 31189Y103 7,920 1,000,000 SH   SOLE 1 1,000,000 0 0
DESKTOP METAL INC COM CL A 25058X105 6,079 1,228,177 SH   SOLE 1 1,228,177 0 0
SKILLSOFT CORP CL A 83066P200 10,572 1,155,361 SH   SOLE 1 1,155,361 0 0
INVESCO EXCH TRADED FD TR II NASDAQNXTGEN100 46138G631 64,287 1,915,000 SH Put SOLE 1 0 0 1,915,000