13F

Position

Ruffer LLP in Galiano Gold Inc.

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Estimated mark uses implied 13F prices (value ÷ shares). Adds are treated as happening at this quarter’s mark; cuts at last quarter’s. Share jumps can be splits, not buys. This is not realized P&L.

Latest estimated mark −$650.7K$2.55$2.50

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 202514.3M$36.5M1.7%
Q1 202613.2M$33.1M$2.50−$650.7K−$2.76M1.4%