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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

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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
CAMECO CORP COM 13321L108 21,460 2,000,000 SH Call SOLE   2,000,000 0 0
ENERGY FUELS INC COM NEW 292671708 3,130 1,000,000 SH   SOLE   1,000,000 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 21,385 500,000 SH Put SOLE   500,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 17,436 200,000 SH Put SOLE   200,000 0 0
ISHARES TR MSCI SAUDI ARBIA 46434V423 99,060 3,000,000 SH Call SOLE   3,000,000 0 0
PAN AMERICAN SILVER CORP COM 697900108 12,910 1,000,000 SH Call SOLE   1,000,000 0 0