Lawrence Roulston Serengeti Resources SIR-X BUY Jul 12, 2006

Primarily focused in British Columbia. Will be fairly seasonal. Hopefully the dice will come up favourably on one more of their projects. Early-stage drilling and speculative. Great management team.

Lawrence Roulston

Owned

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$0.170

Stock price when the opinion was issued

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WEAK BUY

A lot of potential. Thinks they will attract a lot of attention in the coming weeks, but depends on how they do. Highly speculative, he does have a position in it.

PARTIAL BUY

Very competent management on the technical side, but not an aggressive promoter. Good findings of copper/gold on a recent drill hole. Would like to see more holes. Suggests that you buy a few stocks and either add or detract later on. High-risk speculation.

SELL

Good quality management. Had a big spike and you will need more drill holes fairly soon to justify that this wasn’t a one-hole wonder. If you own, consider taking some profit. If you don’t own, wait for a pullback.

HOLD

Where it goes from here will depend on what they get from more drill results. Initial indications were very positive.

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Lawrence Roulston Serengeti Resources SIR-X BUY Jul 12, 2006

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