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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
AURICO GOLD INC COM 05155C105 317 83,300 SH   SOLE   83,300 0 0
COBALT INTL ENERGY INC COM 19075F106 1,308 52,600 SH   SOLE   52,600 0 0
COBALT INTL ENERGY INC COM 19075F106 746 30,000 SH Call SOLE   30,000 0 0
ELDORADO GOLD CORP NEW COM 284902103 642 92,570 SH   SOLE   92,570 0 0
GENCORP INC COM 368682100 997 62,200 SH   SOLE   62,200 0 0
GOLDCORP INC NEW COM 380956409 310 11,930 SH   SOLE   11,930 0 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 170 50,300 SH   SOLE   50,300 0 0
MAG SILVER CORP COM 55903Q104 103 17,000 SH   SOLE   17,000 0 0
NEW GOLD INC CDA COM 644535106 557 93,200 SH   SOLE   93,200 0 0
NEWMONT MINING CORP COM 651639106 326 11,600 SH   SOLE   11,600 0 0
RUBICON MINERALS CORP COM 780911103 87 66,600 SH   SOLE   66,600 0 0
ST JOE CO COM 790148100 1,158 59,000 SH   SOLE   59,000 0 0
YAMANA GOLD INC COM 98462Y100 1,528 144,135 SH   SOLE   144,135 0 0