Raffles Associates’s B2Gold BTG Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-900,000	Closed	-$918K	–	46
2015 Q4	$918K	Buy	+900,000	New	+$918K	1.11%	25
2014 Q4	–	Sell	-725,000	Closed	-$1.48M	–	58
2014 Q3	$1.48M	Buy	+725,000	New	+$1.48M	1.31%	31