Tormiðlaðr vas tívum
talhreinn meðal beina;
hvat kvað * hapta snytrir
hjalmfaldinn því valda.
Margspakr of nam mæla
môr valkastar bôru
— vasat Hœnis vinr hônum
hollr — af fornum þolli.
Talhreinn vas tívum tormiðlaðr meðal beina; hjalmfaldinn snytrir hapta kvað * hvat valda því. Margspakr môr bôru valkastar of nam mæla af fornum þolli; vinr Hœnis vasat hollr hônum.
The dung-reindeer [OX] was difficult for the gods to pierce between the shanks; the helmet-capped instructor of the divine powers [= Óðinn] said something was causing this. The deeply wise seagull of the wave of the corpse-heap [BLOOD > RAVEN/EAGLE = Þjazi] began to speak from an ancient tree; the friend of Hœnir <god> [= Loki] was not well-disposed to him.
[8] af fornum þolli ‘from an ancient tree’: In st. 6/3 and in the prose account of Skm the tree is said to be an oak.