Emka rjóðr, en rauðum
ræðr grǫnn Skǫgul manni
hauka setrs in hvíta;
hyggr fár of mik sáran.
Hitt veldr mér, at meldrar
morðvenjanda Fenju
djúp ok danskra vápna
Dags hríðar spor svíða.
Emka rjóðr, en grǫnn Skǫgul in hvíta setrs hauka ræðr rauðum manni; fár hyggr of mik sáran. Hitt veldr mér, at djúp spor hríðar Dags ok danskra vápna svíða morðvenjanda meldrar Fenju.
I am not ruddy, but the slender, white Skǫgul <valkyrie> of the seat of hawks [ARM > WOMAN] gives orders to a red [blood-stained] man; few think about me, wounded. This is the cause to me [of my pallor], that the deep tracks of the blizzard of Dagr <legendary king> and of Danish weapons [BATTLE > WOUNDS] cause pain to the killing-accustomed one of the flour of Fenja <giantess> [GOLD > GENEROUS MAN = Þormóðr].
[2] grǫnn: grǫn J2ˣ, Flat, 142ˣ, 566aˣ, ‘gun’ 73aˣ, 325V, grann Holm4, gran 325VII