Mountain Lake Investment Management LLC Diversified Active

Name: Mountain Lake Investment Management LLC Q4 2021 13F Filing | 13F Explorer
Creator: Mountain Lake Investment Management LLC
Published: 2022-02-14

Location: San Francisco, CA

CIK: 0001308555 · Show all filings

Period: Q4 2021 (← Previous) (Next →)

Filing Date: Feb 14, 2022

Total Value: $209M (100.0% shares, 0.0% debt)

Holdings (24)

VSAT VIASAT INC 33.9%

Value $70.97M Shares 26,500 Share Price $2678.30 * Est. Cost/Share $59.40 Unrealized @ Report Date -12.8%

ALGT ALLEGIANT TRAVEL CO 6.2%

Value $13M Shares 69,500 Share Price $187.04 * Est. Cost/Share $144.71 Unrealized @ Report Date +24.0%

EOG EOG RES INC 5.9%

Value $12.26M Shares 138,000 Share Price $88.83 * Est. Cost/Share $35.99 Unrealized @ Report Date +103.7%

NOV NOV INC 5.3%

Value $11.18M Shares 825,000 Share Price $13.55 Est. Cost/Share $14.54 Unrealized @ Report Date -5.7%

TPL TEXAS PACIFIC LAND CORPORATI 5.1%

Value $10.62M Shares 8,500 Share Price $1248.82 * Est. Cost/Share $117.17 Unrealized @ Report Date +12.7%

PDS PRECISION DRILLING CORP 5.0%

Value $10.48M Shares 295,750 Share Price $35.43 * Est. Cost/Share $16.66 Unrealized @ Report Date +134.8%

SPY SPDR S&P 500 ETF TR 4.5%

Value $9.499M Shares 20,000 Share Price $474.95 Est. Cost/Share — Unrealized @ Report Date —

AR ANTERO RESOURCES CORP 4.5%

Value $9.328M Shares 533,000 Share Price $17.50 * Est. Cost/Share $15.87 Unrealized @ Report Date +19.4%

— CONSOL ENERGY INC NEW 4.0%

Value $8.414M Shares 370,500 Share Price $22.71 Est. Cost/Share $24.28 Unrealized @ Report Date —

NXE NEXGEN ENERGY LTD 3.2%

Value $6.774M Shares 1,550,000 Share Price $4.37 * Est. Cost/Share $2.34 Unrealized @ Report Date +119.3%

NEM NEWMONT CORP 3.0%

Value $6.222M Shares 100,315 Share Price $62.02 * Est. Cost/Share $37.20 Unrealized @ Report Date +34.0%

VSAT VIASAT INC 2.9%

Value $6.147M Shares 138,000 Share Price $44.54 * Est. Cost/Share $59.40 Unrealized @ Report Date -12.8%

SGOL ABERDEEN STD GOLD ETF TR 2.9%

Value $6.146M Shares 350,000 Share Price $17.56 Est. Cost/Share $17.54 Unrealized @ Report Date —

SA SEABRIDGE GOLD INC 2.9%

Value $6.019M Shares 365,000 Share Price $16.49 * Est. Cost/Share $18.00 Unrealized @ Report Date -0.6%

— BARRICK GOLD CORP 2.8%

Value $5.795M Shares 305,000 Share Price $19.00 Est. Cost/Share $17.00 Unrealized @ Report Date —

BBCP CONCRETE PUMPING HLDGS INC 1.7%

Value $3.567M Shares 435,000 Share Price $8.20 * Est. Cost/Share $4.12 Unrealized @ Report Date +83.7%

— VIDLER WATER RESOUCES INC 1.7%

Value $3.564M Shares 295,100 Share Price $12.08 Est. Cost/Share $11.81 Unrealized @ Report Date —

PHYS SPROTT PHYSICAL GOLD TR 1.4%

Value $2.872M Shares 200,000 Share Price $14.36 Est. Cost/Share $14.33 Unrealized @ Report Date —

— CINER RESOURCES LP 0.8%

Value $1.685M Shares 102,100 Share Price $16.50 Est. Cost/Share $23.55 Unrealized @ Report Date —

EQT EQT CORP 0.7%

Value $1.374M Shares 63,000 Share Price $21.81 * Est. Cost/Share $19.65 Unrealized @ Report Date 0.0%

AAAU GOLDMAN SACHS PHYSICAL GOLD 0.7%

Value $1.364M Shares 75,000 Share Price $18.19 Est. Cost/Share $18.77 Unrealized @ Report Date —

CALM CAL MAINE FOODS INC 0.5%

Value $1.11M Shares 30,000 Share Price $37.00 * Est. Cost/Share $27.79 Unrealized @ Report Date +1.3%

EQT EQT CORP 0.3%

Value $545K Shares 25,000 Share Price $21.80 * Est. Cost/Share $19.65 Unrealized @ Report Date 0.0%

DNN DENISON MINES CORP 0.2%

Value $343K Shares 250,000 Share Price $1.37 * Est. Cost/Share $1.64 Unrealized @ Report Date 0.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VSAT	VIASAT INC	26,500	$70.97M	33.9%	$2678.30 *	$59.40	-12.8%	Call	92552V100
ALGT	ALLEGIANT TRAVEL CO	69,500	$13M	6.2%	$187.04 *	$144.71	+24.0%	COM	01748X102
EOG	EOG RES INC	138,000	$12.26M	5.9%	$88.83 *	$35.99	+103.7%	COM	26875P101
NOV	NOV INC	825,000	$11.18M	5.3%	$13.55	$14.54	-5.7%	COM	62955J103
TPL	TEXAS PACIFIC LAND CORPORATI	8,500	$10.62M	5.1%	$1248.82 *	$117.17	+12.7%	COM	88262P102
PDS	PRECISION DRILLING CORP	295,750	$10.48M	5.0%	$35.43 *	$16.66	+134.8%	COM NEW	74022D407
SPY	SPDR S&P 500 ETF TR	20,000	$9.499M	4.5%	$474.95	—	—	Put	78462F103
AR	ANTERO RESOURCES CORP	533,000	$9.328M	4.5%	$17.50 *	$15.87	+19.4%	COM	03674X106
—	CONSOL ENERGY INC NEW	370,500	$8.414M	4.0%	$22.71	$24.28	—	COM	20854L108
NXE	NEXGEN ENERGY LTD	1,550,000	$6.774M	3.2%	$4.37 *	$2.34	+119.3%	COM	65340P106
NEM	NEWMONT CORP	100,315	$6.222M	3.0%	$62.02 *	$37.20	+34.0%	COM	651639106
VSAT	VIASAT INC	138,000	$6.147M	2.9%	$44.54 *	$59.40	-12.8%	COM	92552V100
SGOL	ABERDEEN STD GOLD ETF TR	350,000	$6.146M	2.9%	$17.56	$17.54	—	PHYSCL GOLD SHS	00326A104
SA	SEABRIDGE GOLD INC	365,000	$6.019M	2.9%	$16.49 *	$18.00	-0.6%	COM	811916105
—	BARRICK GOLD CORP	305,000	$5.795M	2.8%	$19.00	$17.00	—	COM	067901108
BBCP	CONCRETE PUMPING HLDGS INC	435,000	$3.567M	1.7%	$8.20 *	$4.12	+83.7%	COM	206704108
—	VIDLER WATER RESOUCES INC	295,100	$3.564M	1.7%	$12.08	$11.81	—	COM	92660E107
PHYS	SPROTT PHYSICAL GOLD TR	200,000	$2.872M	1.4%	$14.36	$14.33	—	UNIT	85207H104
—	CINER RESOURCES LP	102,100	$1.685M	0.8%	$16.50	$23.55	—	COM UNIT LTD	172464109
EQT	EQT CORP	63,000	$1.374M	0.7%	$21.81 *	$19.65	0.0%	COM	26884L109
AAAU	GOLDMAN SACHS PHYSICAL GOLD	75,000	$1.364M	0.7%	$18.19	$18.77	—	UNIT	38150K103
CALM	CAL MAINE FOODS INC	30,000	$1.11M	0.5%	$37.00 *	$27.79	+1.3%	COM NEW	128030202
EQT	EQT CORP	25,000	$545K	0.3%	$21.80 *	$19.65	0.0%	Call	26884L109
DNN	DENISON MINES CORP	250,000	$343K	0.2%	$1.37 *	$1.64	0.0%	COM	248356107