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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
CAMECO CORP COM 13321L108   192,971 9,180,357 SH   SOLE 3 9,180,357 0 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300   78,766 25,164,903 SH   SOLE 3 25,164,903 0 0
NOVAGOLD RES INC COM NEW 66987E206   68,358 14,211,573 SH   SOLE 3 14,211,573 0 0
VEON LTD SPONSORED ADR 91822M106   55,561 120,785,818 SH   SOLE 3 120,785,818 0 0
RANGE RES CORP COM 75281A109   153,207 6,190,163 SH   SOLE 3 6,190,163 0 0
GATOS SILVER INC COM 368036109   8,245 2,872,657 SH   SOLE 3 2,872,657 0 0
VANECK ETF TRUST JUNIOR GOLD MINE 92189F791   82,439 2,576,213 SH   SOLE 3 2,576,213 0 0
SCHLUMBERGER LTD COM STK 806857108   93,763 2,611,638 SH   SOLE 3 2,611,638 0 0
WEATHERFORD INTL PLC ORD SHS G48833118   113,096 5,342,279 SH   SOLE 3 5,342,279 0 0
LIBERTY OILFIELD SVCS INC COM CL A 53115L104   44,525 3,489,393 SH   SOLE 3 3,489,393 0 0
VALARIS LIMITED CL A G9460G101   85,390 2,021,533 SH   SOLE 3 2,021,533 0 0
PARAMOUNT GLOBAL CLASS B COM 92556H206   17,046 686,000 SH   SOLE 3 686,000 0 0
FATHOM DIGITAL MFG CORP COM CL A 31189Y103   3,880 1,000,000 SH   SOLE 3 1,000,000 0 0
DESKTOP METAL INC COM CL A 25058X105   2,702 1,228,177 SH   SOLE 3 1,228,177 0 0
SKILLSOFT CORP CL A 83066P200   4,067 1,155,361 SH   SOLE 3 1,155,361 0 0
KRANESHARES TR CSI CHI INTERNET 500767306   30,281 924,315 SH   SOLE 3 456,474 0 0