**

This is an extremely high risk stock which
I suggest you NOT buy. Read again, I am
encouraging you to NOT buy this stock.
This one is intended for extreme risk
takers who can afford to lose money
on a true long shot bet. You might do
better betting the horses.

IESV Intrepid Technology Resources

This company seems to have a sensible
management team exemplified by their common
sense. Their actual product under development
is alternative fuels made from organic
materials, like potatoes, corn and manure.

I like their common sense because they have
their true product, alternative fuel sources,
on the back burner and are keeping their
company afloat plus a little profit, by
contracting out their engineering talents.

Intrepid Technology is a collection of
engineers working towards developing
financially viable methods of producing
alternative fuels. Being comprised of
engineers, they have sense enough to
contract out engineering services,
for a fee, and appear to be doing well
at this.

Their alternative fuels, they most likely
know there will not be a big market for
those products for many years to come.
Black oil is still cheap enough to keep
alternative fuels out of the current market.
However, there is a small market developing
in this area. This market is in tractors and
other "crop harvesting" machines which can
easily run on these new alternative fuels.

IESV is located in the heart of farmland.

Some cities are now looking to extract
methane from covered over landfills no
longer in use. All of those represent a
small market, though.

Basic approach is this group of engineers
sale their services, then turn their profits
over into developing new fuels, slowly.

Seems good common sense.

Interestingly enough, they do own mineral
rights to some gold rich land. Nonetheless,
at current production costs compared to gold
prices, it is doubtful they will actively
mine. Still, this does add to assets.

Please read their current 10Q at SEC edgar.
There is good news and bad news. Be sure
you do read ALL filings.

Some snippets from their 10Q report:

***

Cash On Hand:

Year 2002 27,175
Year 2003 105,291

Total Assets:

Year 2002 4,683,342
Year 2003 4,620,150

Total Liabilities:

Year 2002 886,498
Year 2003 767,949

Income (loss):

Year 2002 (190,184)
Year 2003 76,417

Earnings Per Share Diluted (loss):

Year 2002 (.0013)
Year 2003 .0005

"The Company is a biofuels renewable
and alternative energy development
and operating company with strengths
in engineering and technology. While
the Company's primary source of current
revenue is the sale of engineering
services to a variety of clients, it
is posturing itself for a primary
business purpose of developing,
constructing, and operating a portfolio
of projects in the Renewable and Alternative
Energy sector, with a special emphasis on
production of biofuels - particularly, biogas
(methane), ethanol and...hydrogen."

"The report defined the reserve as consisting
of 455,000 ounces of recoverable gold. Over
20 of the 180 drill holes intersected
high-grade ore zones, but it must be assumed
that the bulk of the deposit is of low
grade."

"...revenue is derived from "work-for-others"
by the Engineering Services Division, with
any profits being used to develop the
Biofuels...."

"quarter ending September 30, 2003...operating
costs decreased 13.7% to $494,575 from
$573,264...."

"The Company had gross profit of $309,363 in
the first quarter compared to $71,849 for
the same quarter ended September 30, 2003
and 2002 respectively. This 330% increase
in gross profitis a mark of increased sales
and better management and...."

***

Please their 10Q report and all SEC filings
very carefully for a full financial picture.

All looks relatively healthy to me. Nothing
to really brag about but they do seem to being
just fine, at least turning some profit.

Why I am suggesting you NOT buy this stock
is there will be no major increases in stock
price anytime soon. You will NOT earn any
profits worthy of mention for a long time.

Yes, appears they will do ok but there is
nothing there which will cause a sudden
price break out. No loss is expected nor
is any sudden profit expected.

This is an extremely slow growth stock.

We have invested based on speculation and
based on affordable price.

They have two future potentials. One is
a developing "farm" market for biofuels
but this is probably years away.

Other is they hold and have good assets,
specifically gold bearing mineral rights,
which they could sell if a cash crunch
comes about.

At a nickel a share, we have decided we
can buy a lot of this stock for not a
lot of money. This one we can buy, set
a shelf and not worry much. Maybe in
year, maybe in two years, maybe longer,
this stock could have good value.

We are placing a bet on the good common
sense displayed by the management team.
Our hopes are their good sense will pay
off in the long term.

We are in for 10,000 shares at .0485
and hope to accumulate perhaps another
thirty to fifty-thousand shares.

Don't run the price up on us, ok?
We have not yet finished buying.

Again, my suggestion is you NOT buy
this stock. Chances are you will be
disappointed because this stock will
not move for a very long time.

As always, never buy nor sell based
on my opinions. You could lose money.
Chances are very good this stock will
actually decline in value sometimes.

This stock is only for extreme risk
takers, in for very long term based
on nothing but speculation and the
apparent good common sense of the
management team.

I would NOT buy this stock if you
are an average investor looking for
good returns in a short time.

Be sure you read carefully. I am
actually telling you to NOT buy
this stock. Risks are extreme with
a stock of this nature.

posted January 21, 2004 11:19

As usual, I was too conservative with
my projections. The price of IESV stock
has more than doubled since my profile.

posted January 21, 2004 11:22

Strike that. Price of IESV is up only ninety
percent or so, just shy of double.

Yeah, we felt comfortable investing in IESV
stock. My "downplay" of this stock is I feel
most people want a really hot stock which
will jump two-hundred dollars a day. So, I
advised them to not buy because they will
probably grow tired of waiting for big profit.

I did profile a number of stocks showing
gains of fifty cents to a dollar or so,
in a short time. However, those are really
hard to find. As mentioned to Diana, I am
out of hot stocks, for now.

IESV, yeah, it's a good secure stock best
for very long term.

Now clean up after your horse and run along.