Undr es þreytt, ef, Þundi,
þann kenndi val,’s sendir
golls samnaði, gumna
Goðmarr hræum fjarri.
Undr es þreytt, ef Goðmarr, fjarri hræum, kenndi þann val gumna, [e]s sendir golls samnaði Þundi.
A marvel is hard-won, if Gullmaren, remote from the corpses, saw the slain warriors [lit. slain of men] that the dispatcher of gold [GENEROUS MAN = Hákon] assembled for Þundr <= Óðinn>.