Just thought I'd change the name from Smallbone to Strategic Minerals on this forum
so people know which company i'm talking about.

This article was taken from last weeks Proactiveinvester;

Newly-listed Strategic Minerals (LON:SML) saw its share price soar today as it advanced more than 83 per cent.

At one point in afternoon trade, the share price for the AIM-quoted iron ore junior stood at 12.88 pence - an 83.93 per cent increase on yesterday's close.

The firm's shares were admitted to AIM on Wednessday this week when the firm also revealed it had raised 750,000 in a placing.

The surge comes on the back of an announcement today saying the company, focused on Australia, was set to begin drilling at its flagship asset - the Iron Glen iron ore project in Queensland.

Drilling is expected to begin next week and two rigs are already on site, revealed the company.

The firm's aim is to find iron ore from the deposit that can be fed to China's steel markets.

The company's 100 percent subsidiary Iron Glen Ltd has a permit around 40km southwest of Townsville - known as Iron Glen - and the board believes a new iron production hub can be rapidly developed to serve the steel markets in Asia.

The permit covers 2,100 hectares and a licence for mineral exploration was granted in May 2007. The claim and surrounding area are located on a rich belt of deposits.

Strategic Minerals completed a first drill programm in October last year (11 holes) at the site which indicated an economical magnetite deposit and other minerals including silver, trace gold, copper, lead and zinc.

Chairman Steven Sanders told investors today that the firm's admission to AIM two days ago had given it a "robust" platform to continue its exploration.

"We look forward to announcing news on the progress of these exploratory drilling campaigns in the coming months," he had said.

The company also announced that applications had been filed to increase the firm's holdings next to the Iron Glen project and approval from the state government is expected within the next four months.

Historic production was carried out by the firm North Australian Cement Limited. The area covers a known area of magnetite, although, to date, the area has received only superficial investigation.

From 2007 to 2008 magnetic surveys were conducted by Terra Search Pty Limited on an initial area of the tenement covering 123 line kilometres. Geochemical surveys were then carried out by Terra Search between 2009 and 2010.

A team of geologists from Terra Search will now work alongside consultant geologists from I2M Associates LLC to monitor the on-going exploration and drilling activities, said Strategic Minerals today.

KEEP an EYE @ 2.375p

Has done the retracement and for the last couple days is moving forward.
Todays marked up at the start and then sells is usual from the start of the bounce,
looking at the buys going on now should start moving forward again
and finished the day up the same as the last couple days.

Buy low and sell high is the strategy on shares
This stock is now on the process of bouncing from the lows of a couple days on the new cycle

The buys continue since it reached the low of the day, and already the bid price is up since

A good move up from the start of the day, supported by volume and MMs desire to let it go up today.

The buys continue and with that the surge on the share price today

Neutral -Medium term, Jun 16, 2017 Analysis Explanation

STRATEGIC MINERALS PLC has broken the floor of the rising trend, which indicates a weaker initial rising rate. The stock has broken a support level in the short term and given a negative signal for the short term trading range. The stock has support at pence 1.00 and resistance at pence 3.50. The stock is overall assessed as technically neutral for the medium long term.

Analysis help -
Trend
Rising trend breaking downwards
Rising trends indicate that the company experiences positive development and increasing buy interest among investors. Downward breaks indicate a slower rate of increase than before, but normally still an increase ahead.

Momentum,RSI
High negative momentum and oversold
The stock has high negative momentum and RSI is oversold, see the green colour in the price chart. The stock has fallen a lot, without significant corrections upwards. This is to be expected in falling trends, but may indicate that the price soon will rise in horizontal or rising trends.

Trend
Rising trend breaking downwards
Rising trends indicate that the company experiences positive development and increasing buy interest among investors. Downward breaks indicate a slower rate of increase than before, but normally still an increase ahead.

Strategic Minerals reveals results at Redmoor Tin-Tungsten project

Strategic Minerals announced results from the first 10 holes of the Phase 1 diamond drilling programme at the Redmoor Tin-Tungsten project being undertaken through its joint venture vehicle Cornwall Resources (CRL).

HIGHLIGHTS:
- Successful high-grade tin and tungsten intersection in Johnson's Lode and in Kelly Bray Lode

- Great Southern Lode re-interpreted as a high-grade part of the Sheeted Vein System (SVS)

- Encouraging results from discrete high-grade zones within the SVS mineralisation

SVS high-grade zone widths and grades exceeding CRL's expectations. Exceptional intercepts include:

- CRD007: 14.8m @ 1% SnEq from 245.7m, including 2.5m @ 3.39% SnEq from 257.9m

- CRD009: 17.5m @ 0.68% SnEq from 265.9m, including 3.1m @ 1.97 % SnEq from 280.3m

- CRD009: 28.2m @ 0.81% SnEq from 298.8m, including 7m @ 1.89% SnEq from 317.5m

- CRD010: 11.1m @ 0.57% SnEq from 113.3m, including 3.1m @ 1.19% SnEq from 121.3m

- Re-examination of historical (1980's) drilling results has identified 31 significant intercepts within SVS high-grade zones

- Phase 2 exploration re-focused on further defining the high-grade zones within the SVS as these are potentially an economically attractive target for underground mining

- CRL's joint venture partners, have committed a further £150,000 to continue the first three additional holes in Phase 2 and have committed to complete an additional 3 holes should they be required

- All drilling is expected to be completed and reported upon in Q4, with a Resource Update expected to be released in Q1 2018

- Ongoing positive community support with Cornwall Council extending drilling consent to 31 October 2017