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| BUY | 0.500 | John Embry | Bane of his existence. Had the right backing, great exploration play and a resource in Argentina. Then acquired a producing mine in Australia that has been nothing but a headache. Making it worse, they have a hedge, which consumes cash. It has now reached a level where it is clearly in buying range. | 2007-02-08 | |
| BUY | 0.830 | John Embry | Acquired New Star in Australia. Paulsens mine which came with the acquisition and is not running a smoothly as they would like. Earnings where a little disappointing. Had to do an issue. Still likes the Australian production and South American exploration upside combination. Oversold and is cheap. | 2006-11-30 | |
| TOP PICK | 1.050 | John Embry | Intrepid is merging with Nustar in Australia on July 1st. Nustar produces 80,000 ounces a year. They also have an ore body which will soon a mine. Also have a terrific exploration play in El Salvador. | 2006-06-13 | |
| BUY | 0.720 | John Embry | Has two interesting plays going, Argentina and Central America. A great time to buy. | 2004-08-10 |
