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
ALCOA CORP COM 013872106   142,071,232 4,814,342 SH   SOLE   4,814,342 0 0
ALPHABET INC CAP STK CL A 02079K305   120,365 683 SH   SOLE   683 0 0
AMAZON COM INC COM 023135106   258,880 1,180 SH   SOLE   1,180 0 0
ANTERIS TECHNOLOGIES GLOBAL COM 03675P102   26,099,759 2,812,000 SH   SOLE   2,812,000 0 0
BOEING CO COM 097023105   83,812 400 SH   SOLE   400 0 0
BOSTON SCIENTIFIC CORP COM 101137107   128,892 1,200 SH   SOLE   1,200 0 0
CENOVUS ENERGY INC COM 15135U109   90,917,183 6,685,087 SH   SOLE   6,685,087 0 0
CRH PLC ORD G25508105   118,932,408 1,295,560 SH   SOLE   1,295,560 0 0
DELTA AIR LINES INC DEL COM NEW 247361702   518,554 10,544 SH   SOLE   10,544 0 0
DENISON MINES CORP COM 248356107   551,935 301,620 SH   SOLE   301,620 0 0
EAGLE MATLS INC COM 26969P108   724,564 3,585 SH   SOLE   3,585 0 0
ELDORADO GOLD CORP NEW COM 284902509   152,419,397 7,493,579 SH   SOLE   7,493,579 0 0
EQUINOX GOLD CORP COM 29446Y502   137,475,974 23,908,865 SH   SOLE   23,908,865 0 0
FLUTTER ENTMT PLC SHS G3643J108   136,331,650 481,009 SH   SOLE   481,009 0 0
HUDBAY MINERALS INC COM 443628102   159,863,941 15,054,087 SH   SOLE   15,054,087 0 0
IAMGOLD CORP COM 450913108   693,179 94,310 SH   SOLE   94,310 0 0
ING GROEP N.V. SPONSORED ADR 456837103   523,219 23,832 SH   SOLE   23,832 0 0
LLOYDS BANKING GROUP PLC SPONSORED ADR 539439109   135,948,775 129,076,191 SH   SOLE   129,076,191 0 0
NATWEST GROUP PLC SPONS ADR 639057207   72,912,126 10,382,579 SH   SOLE   10,382,579 0 0
NEXGEN ENERGY LTD COM 65340P106   825,145 118,897 SH   SOLE   118,897 0 0
NUCOR CORP COM 670346105   658,193 5,081 SH   SOLE   5,081 0 0
RYANAIR HOLDINGS PLC SPONSORED ADR 783513203   34,351,597 595,657 SH   SOLE   595,657 0 0
SALESFORCE INC COM 79466L302   176,703 648 SH   SOLE   648 0 0
SOLARIS RES INC COM NEW 83419D201   22,606,147 4,929,623 SH   SOLE   4,929,623 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   2,894,316 12,779 SH   SOLE   12,779 0 0
TASEKO MINES LTD COM 876511106   345,778 109,421 SH   SOLE   109,421 0 0
UBER TECHNOLOGIES INC COM 90353T100   260,494 2,792 SH   SOLE   2,792 0 0
WARRIOR MET COAL INC COM 93627C101   90,791,292 1,981,045 SH   SOLE   1,981,045 0 0
XENON PHARMACEUTICALS INC COM 98420N105   40,565 1,296 SH   SOLE   1,296 0 0
ZILLOW GROUP INC CL C CAP STK 98954M200   26,651,363 380,462 SH   SOLE   380,462 0 0