Rat's Rant: Stocks that are hot, not... and Charlie Sheen

By Rat's Rant. Published at Sep 4, 2019, in Market Wrap

Did you know that on 3 September 1965, Charlie Sheen was born.

Carlos Irwin Estévez, known professionally as Charlie Sheen, was an American actor who appeared in one film that changed my life forever: Wall Street. Ever since that day, one of the things on my bucket list has bee to go out on a bender with Charlie Sheen.

So, if any rich, high profile people reading this could make it happen that would be much appreciated.

The Rat wants a date with Bud Fox.
The Rat wants a date with Bud Fox.

Me too Charlie. Happy Birthday to you.

What's hot

Digital Wine Ventures Limited (ASX:DW8) closed up 40% to finish at 0.007c on $250,000 stock traded. There was no news in the market and nor has there been since the Annual Report last week.

It doesn't look like the most liquid stock, and it's not quite Hotel California.

You can check out, but you can never leave?
You can check out, but you can never leave?

I do have my fingers crossed for DW8 shareholders. Yesterday's volume was a good sign and there is plenty more upside left in it.

I don't know much about DW8, but I will be watching it closely as I do like my Vino (just not at $16.69c a glass that you have to pay downstairs at Melbourne's Crown Casino.

Digital Wine Ventures (ASX DW8)

DW8 aims to identify and invest in early stage technology-driven ventures that have the potential to disrupt and digitally transform segments within the global beverage market and support them by providing access to capital, expertise and share services.

Big Star Energy (ASX:BNL)

Big Star Energy Limited (ASX:BNL) closed up another 33% to finish at 1.6c on $2.2 million stock traded. The reason for the bump is confirmation that 187 of their 188 helium soil gas samples have recorded helium at greater than atmospheric levels - between 10-100% above normal atmospheric levels.

This new information supports the geologic model and the extent of an active helium system across the focus area covering BNL's prospects.

As I said yesterday, there have been whispers around for a while about a Helium shortage, so it's worth keeping an eye on this one and the few others that do have some exposure to the Helium market on the ASX.

Below are some details on the news along with management's comments:

HELIUM SOIL GAS SURVEY UPDATE

Big Star Energy Ltd is pleased to provide an update on its helium soil gas survey where samples were collected over several of its 30 helium prospects and leads in its initial focus area in the USA.

  • 167 samples measured between 10-100% above normal atmospheric concentrations of helium across a number of prospects
  • Enterprise prospect confirmed by 8 helium anomalies and expanded by integration with gravity and magnetics data
  • Each additional prospect sampled returned helium anomalies
  • Preliminary integration of the data shows good correlation with the recent structural prospect modelling.

Big Star Managing Director, Joanne Kendrick, commented, “This is excellent news. It confirms the presence of helium at our Enterprise prospect and our preliminary view is that this prospect is larger than originally mapped. We are likely to expand our leasing programme to target this extended area.

“A number of other prospects and leads in our portfolio were also sampled and the presence of helium was confirmed at each of them. Encouragingly, the anomalies associated with our prospects are similar to those seen over other produced accumulations in the Four Corners area where the same soil gas survey technique was applied.”

QEM Limited (ASX:QEM)

QEM closed up 33% to finish at 14c on $69,000 stock traded. There hasn't been any news for a while, but I did catch up with these guys in Noosa earlier this year and was very impressed with what I heard.

It's a unique project, with a unique investor relations bloke, and a unique board.

I'm very keen to see how this plays out over the next 12-24 months as it could be anything.

Hopefully a more detailed note on these guys will be forthcoming shortly.

QEM is a publicly listed company which is focused on the exploration and development of its flagship Julia Creek Project, covering 496km2 in the Julia Creek area of North Western Queensland.

The Julia Creek vanadium/oil shale project is a unique world class resource with the potential to deliver innovative energy solutions, through the production of energy fuels and vanadium pentoxide. QEM strives to become a leading producer of liquid fuels and in response to a global vanadium deficit, also aims to become a global supplier of high-quality vanadium pentoxide, to both the nascent energy storage sector and the Australian steel industry.

This globally significant JORC (2012) Inferred Resource of 1,700 Mt @ 0.34% V2O5 is the second largest ASX listed vanadium resource and represents a significant opportunity for development.

The tenements form part of the vast Toolebuc Formation, which is recognised as one of the largest deposits of vanadium and oil shale in the world and located less than 16km east of the township of Julia Creek. In close proximity to all major infrastructure and services, the project is intersected by the main infrastructure corridor of the Flinders Highway and Great Northern Railway, connecting Mt. Isa to Townsville.

Some pictures speak for themselves.
Some pictures speak for themselves.

Speedcast International Limited (ASX:SDA)

SDA closed up 21% to finish at $1.16c on $26.7 million stock traded. There was no news, but no doubt some of you would remember reading about them here last night........

Even though I don't mind reading old news, I am not a fan of repeating it - so if you're interested go back and have a look through yesterday's report.

SDA is the largest provider of remote communications and IT services in the world. Speedcast’s fully managed service is delivered via a leading global, multi-access technology, multi-band and multi-orbit network of 70+ satellites and an interconnecting global terrestrial network, bolstered by extensive on-the-ground local support from 40+ countries.

This global 'network of networks' allows customers to fully rely on the most robust, integrated infrastructure available in the market for their mission critical applications. Speedcast is uniquely positioned as a strategic business partner, tailoring communications, IT and digital solutions to meet unique customer needs and enable business transformation.

Speedcast extends its managed services through differentiated technology offerings including cybersecurity, crew welfare, content solutions, data and voice applications, and network systems integration services. With a passionate customer focus and a strong safety culture, Speedcast serves more than 2,000 customers in more than 140 countries in sectors such as Maritime, Energy, Mining, Enterprise, Media, Cruise, NGOs and Government.

Drednought Resources Limited (ASX:DRE)

DRE closed up 27% to finish at 0.007c on $400,000 stock traded. Why? Your guess is as good as mine.

I do know a few guys on the board including Silver Cat Chapman, who I am hoping to have coffee with. Chapman is on the board of DRE and Black Cat (ASX:BC8), which also happens to be the favourite name of my coffee shop in Sydney.

DRE has three projects and some details on them are listed below:

INVESTMENT HIGHLIGHTS

Tarraji‐Yampi Ni‐Cu‐Au Project

Dreadnought controls a significant land holding in the highly prospective West Kimberley located only 85 kilometres from Derby, Western Australia. The project area has been locked up as a Defence reserve since 1978 and was only recently opened under the Commonwealth Government’s coexistence regime that balances Defence needs with the requirements of others including Aboriginal groups, the resources industry, pastoralists and State Governments.

The Tarraji‐Yampi Ni‐Cu‐Au Project presents a rare first mover opportunity in Western Australia with known outcropping mineralisation and historic workings from the early 1900s which have seen no modern exploration.

Three styles of mineralisation occur at Tarraji including: volcanogenic massive sulphide (“VMS”); Proterozoic Cu‐ Au (“IOCG”); and magmatic sulphide Ni‐Cu‐PGE. Numerous high priority nickel, copper and gold drill targets have been identified from recent VTEM surveys, historical drilling and surface sampling of outcropping mineralisation.

Illaara Au‐Cu‐Zn Project:

The Illaara Au‐Cu‐Pb‐Zn Project is located 160km northwest of Kalgoorlie‐Boulder in the world class Yilgarn Craton and covers 75 strike kilometres of the Illaara Greenstone Belt. The Project is prospective for typical Archean mesothermal lode gold deposits and Cu‐ Pb‐Zn‐Ag VMS mineralisation.

The project was acquired from Newmont Goldcorp who defined several camp‐scale targets which were undrilled due to a change in corporate focus. Prior to Newmont Goldcorp, the Illaara greenstone belt was held predominantly by iron ore explorers and has seen minimal gold and base metal exploration since the 1990s. The project contains several drill ready gold targets and known VMS horizons which could produce exciting drill targets with the efficient and effective application of modern exploration technology.

Rocky Dam Au‐Cu‐Zn Project:

The Rocky Dam Au Project is located 45 kilometres east of Kalgoorlie‐Boulder in the world class Eastern Goldfields Superterrane of Western Australia. The Project is prospective for typical Archean mesothermal lode gold deposits and Cu‐Pb‐Zn‐Ag VMS mineralisation.

The project has known gold and VMS occurrences with drill ready gold targets based from 1990s mineralised gold intercepts which have not been followed up.

What's not

Especially me after being in Perth with some real maniacs.

I'm getting ready for the Bombers to smoke the West Coast Sea Gulls by 40+ on Thursday.

Go hard!

The Rat

Note: The idea of this report is to be informative and hopefully point out some stocks that you wouldn't ordinarily have seen during the day. This report IS NOT personal advice. Finfeed DOES NOT PROVIDE personal advice. All advice included in The Rat’s Rant is General Advice. Please refer to the General Advice Warning below.

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