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

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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
AGNICO EAGLE MINES LTD COM 008474108 682 9,680 SH   SOLE   8,980 0 700
ALAMOS GOLD INC NEW COM CL A 011532108 1,347 154,335 SH   SOLE   127,690 0 26,645
ALPHABET INC CAP STK CL A 02079K305 490 280 SH   SOLE   277 0 3
AMERISERV FINL INC COM 03074A102 883 282,382 SH   SOLE   282,382 0 0
AMREP CORP NEW COM 032159105 632 74,073 SH   SOLE   74,073 0 0
BRT APARTMENTS CORP COM 055645303 8,357 549,810 SH   SOLE   286,045 0 263,765
BUILD A BEAR WORKSHOP COM 120076104 1,248 292,302 SH   SOLE   292,302 0 0
CAMECO CORP COM 13321L108 160 12,000 SH   SOLE   12,000 0 0
CBM BANCORP INC COM 1248XT104 1,133 85,354 SH   SOLE   85,354 0 0
CISCO SYS INC COM 17275R102 5,043 112,700 SH   SOLE   31,545 0 81,155
CORNING INC COM 219350105 5,981 166,155 SH   SOLE   39,540 0 126,615
DORIAN LPG LTD SHS USD Y2106R110 6,575 539,442 SH   SOLE   346,878 0 192,564
EAGLE BANCORP MONT INC COM 26942G100 1,918 90,426 SH   SOLE   90,426 0 0
EASTERN BANKSHARES INC COM 27627N105 3,529 216,400 SH   SOLE   216,400 0 0
EMX RTY CORP COM 26873J107 1,069 319,358 SH   SOLE   268,758 0 50,600
ENGLOBAL CORP COM 293306106 3,422 1,069,400 SH   SOLE   1,069,400 0 0
ESSA BANCORP INC COM 29667D104 1,794 119,600 SH   SOLE   119,600 0 0
FFBW INC MD COM 30260M103 530 52,925 SH   SOLE   52,925 0 0
FIRST NORTHWEST BANCORP COM 335834107 1,316 84,412 SH   SOLE   84,412 0 0
FIRST SEACOAST BANCORP COM 33631P102 521 58,770 SH   SOLE   58,770 0 0
FRP HLDGS INC COM 30292L107 1,415 31,072 SH   SOLE   31,072 0 0
HECLA MNG CO COM 422704106 3,467 535,090 SH   SOLE   470,590 0 64,500
HOME FED BANCORP INC LA NEW COM 43708L108 1,115 38,329 SH   SOLE   38,329 0 0
HOMETRUST BANCSHARES INC COM 437872104 2,024 104,861 SH   SOLE   104,861 0 0
HURCO COMPANIES INC COM 447324104 689 22,977 SH   SOLE   22,977 0 0
IF BANCORP INC COM 44951J105 1,062 48,250 SH   SOLE   48,250 0 0
KINROSS GOLD CORP COM 496902404 1,642 223,785 SH   SOLE   196,520 0 27,265
KIRKLAND LAKE GOLD LTD COM 49741E100 1,553 37,615 SH   SOLE   34,099 0 3,516
MCEWEN MNG INC COM 58039P107 460 467,260 SH   SOLE   47,980 0 419,280
NEW GOLD INC CDA COM 644535106 221 101,100 SH   SOLE   101,100 0 0
NEWMONT CORP COM 651639106 1,129 18,867 SH   SOLE   18,267 0 600
PAN AMERN SILVER CORP COM 697900108 2,907 84,263 SH   SOLE   76,752 0 7,511
PATHFINDER BANCORP INC MD COM 70319R109 1,140 99,331 SH   SOLE   99,331 0 0
RICHMOND MUT BANCORPORATION COM 76525P100 546 40,000 SH   SOLE   40,000 0 0
SALISBURY BANCORP INC COM 795226109 332 8,921 SH   SOLE   8,921 0 0
SANDSTORM GOLD LTD COM NEW 80013R206 1,121 156,390 SH   SOLE   136,790 0 19,600
SEABOARD CORP DEL COM 811543107 412 136 SH   SOLE   136 0 0
SEACOR MARINE HLDGS INC COM 78413P101 1,470 542,764 SH   SOLE   303,938 0 238,826
SEACOR HOLDINGS INC COM 811904101 5,231 126,211 SH   SOLE   34,703 0 91,508
SILVERCREST METALS INC COM 828363101 3,157 283,420 SH   SOLE   260,140 0 23,280
SOUND FINL BANCORP INC COM 83607A100 1,508 47,518 SH   SOLE   47,518 0 0
SPDR GOLD TR GOLD SHS 78463V107 10,309 57,800 SH   SOLE   29,392 0 28,408
SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 1,131 58,495 SH   SOLE   16,120 0 42,375
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 1,208 33,560 SH   SOLE   0 0 33,560
WALMART INC COM 931142103 288 2,000 SH   SOLE   0 0 2,000
WESTPORT FUEL SYSTEMS INC COM NEW 960908309 79 15,000 SH   SOLE   15,000 0 0