The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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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 | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | PUT | 00287Y109 | 116 | 4,300 | SH | Put | SOLE | 4,300 | 0 | 0 | |
| AMAZON COM INC | PUT | 023135106 | 1 | 1,600 | SH | Put | SOLE | 1,600 | 0 | 0 | |
| APPLE INC | PUT | 037833100 | 102 | 5,100 | SH | Put | SOLE | 5,100 | 0 | 0 | |
| AUTOZONE INC | PUT | 053332102 | 88 | 1,600 | SH | Put | SOLE | 1,600 | 0 | 0 | |
| BRASILAGRO BRAZILIAN AGRIC R | SPONSORED ADR | 10554B104 | 53 | 13,166 | SH | SOLE | 13,166 | 0 | 0 | ||
| CAMECO CORP | COM | 13321L108 | 107,900 | 9,506,584 | SH | SOLE | 8,037,104 | 0 | 1,469,480 | ||
| CENTRAIS ELETRICAS BRASILEIR | SPONSORED ADR | 15234Q207 | 420 | 66,089 | SH | SOLE | 66,089 | 0 | 0 | ||
| CLOUD PEAK ENERGY INC | COM | 18911Q102 | 1,737 | 4,742,078 | SH | SOLE | 4,359,770 | 0 | 382,308 | ||
| DIEBOLD NXDF INC | COM | 253651103 | 6,947 | 2,789,977 | SH | SOLE | 2,315,476 | 0 | 474,501 | ||
| DOMINOS PIZZA INC | PUT | 25754A201 | 122 | 4,000 | SH | Put | SOLE | 4,000 | 0 | 0 | |
| GENERAL ELECTRIC CO | COM | 369604103 | 45,315 | 5,986,175 | SH | SOLE | 5,090,768 | 0 | 895,407 | ||
| GOLDCORP INC NEW | COM | 380956409 | 13,208 | 1,347,772 | SH | SOLE | 1,143,515 | 0 | 204,257 | ||
| HOME DEPOT INC | PUT | 437076102 | 40 | 3,400 | SH | Put | SOLE | 3,400 | 0 | 0 | |
| INTERNATIONAL TOWER HILL MIN | COM | 46050R102 | 4,068 | 7,829,912 | SH | SOLE | 6,473,097 | 0 | 1,356,815 | ||
| ISHARES TR | PUT | 464287234 | 3,656 | 589,100 | SH | Put | SOLE | 589,100 | 0 | 0 | |
| ISHARES SILVER TRUST | CALL | 46428Q109 | 948 | 251,800 | SH | Call | SOLE | 251,800 | 0 | 0 | |
| KT CORP | SPONSORED ADR | 48268K101 | 67,793 | 4,767,462 | SH | SOLE | 4,130,190 | 0 | 637,272 | ||
| KINROSS GOLD CORP | COM NO PAR | 496902404 | 14,386 | 4,440,004 | SH | SOLE | 4,057,056 | 0 | 382,948 | ||
| KOREA ELECTRIC PWR | SPONSORED ADR | 500631106 | 1,471 | 99,706 | SH | SOLE | 83,511 | 0 | 16,195 | ||
| NEW GOLD INC CDA | COM | 644535106 | 27,790 | 36,721,036 | SH | SOLE | 32,018,185 | 0 | 4,702,851 | ||
| NIKE INC | PUT | 654106103 | 44 | 9,700 | SH | Put | SOLE | 9,700 | 0 | 0 | |
| NORTHERN DYNASTY MINERALS LT | COM NEW | 66510M204 | 2,958 | 5,197,525 | SH | SOLE | 4,301,921 | 0 | 895,604 | ||
| NOVAGOLD RES INC | COM NEW | 66987E206 | 12,788 | 3,237,530 | SH | SOLE | 2,754,496 | 0 | 483,034 | ||
| RANGE RES CORP | COM | 75281A109 | 66,320 | 6,929,952 | SH | SOLE | 5,865,204 | 0 | 1,064,748 | ||
| ROYAL GOLD INC | COM | 780287108 | 2,656 | 31,014 | SH | SOLE | 31,014 | 0 | 0 | ||
| SSR MNG INC | COM | 784730103 | 220 | 18,180 | SH | SOLE | 18,180 | 0 | 0 | ||
| STARBUCKS CORP | PUT | 855244109 | 22 | 10,200 | SH | Put | SOLE | 10,200 | 0 | 0 | |
| TIFFANY & CO NEW | PUT | 886547108 | 109 | 2,500 | SH | Put | SOLE | 2,500 | 0 | 0 | |
| TURQUOISE HILL RES LTD | COM | 900435108 | 56,606 | 34,306,926 | SH | SOLE | 29,693,313 | 0 | 4,613,613 | ||
| Wheaton Precious Metals Corp | COM | 962879102 | 59,697 | 3,056,683 | SH | SOLE | 2,635,559 | 0 | 421,124 | ||
| TSAKOS ENERGY NAVIGATION LTD | SHS | G9108L108 | 16,938 | 6,367,539 | SH | SOLE | 4,997,591 | 0 | 1,369,948 | ||
| DIANA SHIPPING INC | COM | Y2066G104 | 18,844 | 5,925,677 | SH | SOLE | 4,926,704 | 0 | 998,973 | ||