áðr ór hneigihliðum
hárs ǫl-Gefjun sára
reiði-Týs it rauða
ryðs hœlibǫl gœli.
Gǫrla lítk á Geitis
garði þær of farðir.
Baugs þák bifum fáða
bifkleif at Þórleifi.
áðr ǫl-Gefjun gœli it rauða hœlibǫl ryðs ór hneigihliðum hárs reiði-Týs sára. Lítk gǫrla þær of farðir á garði Geitis. Þák bifkleif baugs, fáða bifum, at Þórleifi.
until the ale-Gefjun <goddess> [WOMAN = Gróa] could enchant the red boasting destruction of rust [WHETSTONE] from the inclined slopes of the hair [HEAD] of the bearing-Týr <god> of wounds [= Þórr]. I see clearly these happenings [depicted] on the fence of Geitir <sea-king> [SHIELD]. I received the quivering cliff of the shield-boss [SHIELD], decorated with moving stories, from Þorleifr.
[7] þák (‘þa ek’): so W, þá er R, Tˣ