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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
ATENTO S A SHS L0427L105 750 635,902 SH   SOLE N/A 635,902 0 0
EMX RTY CORP COM 26873J107 3,489 1,605,500 SH   SOLE N/A 1,605,500 0 0
MAG SILVER CORP COM 55903Q104 22,615 1,602,422 SH   SOLE N/A 1,602,422 0 0
PAN AMERN SILVER CORP COM 697900108 10,401 342,237 SH   SOLE N/A 342,237 0 0