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.

BREAKOUT

0.80p +0.15p

Is going places this morning as the breakout is finally well on the way a 1p + should eventually be in its way

0.915p +0.085 (+10.24%)

Is trying to reach the high of last October, today was very close to 1p earlier high

Some comments from somewhere else ...

- no debt, warrants or dilutive financial arrangements

- solid trustworthy management, the best i know in this market, with bod/management holding significant shares

- cash generative covering day to day operations with a surplus (rare on micro caps, AIM, and i think the accounts that are due shortly will show a better than expected profit).

- negotiation of cobre contract underway for 3-4 year deal (currently 1)

- several projects that could propel the business to a new level, even minimum success at one project will more than cover the current valuation so little down side great risk / reward.

- a promise of no dilution until minimum end of 2017

- a market of increasing commodity prices

- updates due and planned activities to add value into 2017

- close neighbour at HC uncovered a giant with similar initial results to SML

- Redmore project could hold significant value alone possibly of multiples of current market cap, also an already proven resource in place

- 2 projects should be worth 70m each according to CEO! (140m is a share price of 10-12p!)

- Bod options at 1.5p and 3p - so id imagine they believe that they will be able to take these up!

0.95p +0.14p

Significant Cobalt Mineralisation Discovered at Hanns Camp

Strategic Minerals PLC (AIM: SML; USOTC; SMCDY), the diversified mineral production and development company, is pleased to announce that the re-assaying of the maiden drill programme at its Hanns Camp project in Western Australia has identified significant cobalt mineralisation ("Co") mineralisation.

Highlights
· Re-assaying of selected intervals at the Hanns Camp maiden drill programme has resulted in the discovery of significant cobalt mineralisation

· Cobalt mineralisation of up to 0.18% Co associated with and coincident Platinum Group Elements ("PGE") mineralisation

· Significant intersections recorded 16m at 0.10% Co from 38m for drill hole HC00 (including 1m at 0.18%)

· Drill hole HC001, recorded 4m at 0.12% Co from 19m

· Increasing interest for cobalt given strong demand from battery market

Commenting, John Peters, Managing Director of Strategic Minerals, said:

"The confirmation of the potential for a significant cobalt deposit comes at a time when investors are showing an increasing interest in cobalt projects to feed the supply of lithium ion batteries in electronic equipment. The identification of these cobalt readings in two of the 2016 drilling cores is extremely encouraging as their positioning provides us the opportunity to further assess the possible exploration target at a reasonable capital cost.

We are also encouraged by the fact that the drilling programme has identified the strike length to be at least two kilometres."

Further Information
The cobalt mineralisation at Hanns Camp is considered significant and geologically unique given the zone overlaps, and is coincident with 10m at 0.4g/t total Platinum Group Elements ('PGE') from 36m and peak values up to 21.3% chromium ("Cr") and 19% manganese ("Mn").

· HC003 recorded 10m @ 0.4g/t total PGE from 36m

Further analysis is being carried out. No previous cobalt analysis had been conducted prior to re-assaying three diamond holes (as previously reported on 3 August 2016). Very limited previous drilling has occurred over the prospect and is summarised below.

· 15-hole open percussion programme drilled in 1971 and 1977 totalling 808 metres
· 27-hole air-core programme drilled in 2007 on two regional traverses totalling 906 metres

Although no direct cobalt analysis exists, geological logging shows an intact and well preserved lateritic enrichment zone. The extent of this enrichment zone at Hanns Camp has the potential to host a significant exploration target. Drilling to date has traced this over a two kilometre strike length.

Cobalt is of increasing interest given the shortage of supply and increasing demand for lithium ion batteries.

All reported cobalt and platinum results in this announcement were determined by Bureau Veritas Minerals laboratory in Perth, one of Australia's leading minerals laboratories. Nickel was determined via mixed acid digest, followed by inductively coupled plasma atomic emission spectroscopy ('ICP-AES') detection. PGEs were determined via fire assay followed by inductively coupled plasma mass spectrometry determination.

1.025p +0.21 +26.54%

Has managed to get over the 1p again as last October

1.05p +0.30p (+40.00%)

Substantial New Client at Cobre

Strategic Minerals PLC (AIM: SML; USOTC; SMCDY), the diversified mineral production and development company, is pleased to announce that its subsidiary Southern Minerals Group ("SMG"), the operator of the Cobre magnetite stockpile, signed a contract on Friday 10 March with a private company, Galvin Investment Company ("GIC") for the sale of up to 350,000 tons of magnetite at a market based price over several years, subject to availability.
Before the contract becomes effective, GIC must provide a US $100,000 Letter of Credit from an acceptable bank. The contract calls for a minimum purchase of 2,000 tons per month and logistics at the mine site would result in a maximum supply, above existing client demand, of 6,000 tons per month. This would effectively double annual sales from Cobre, which is likely to be achieved without affecting SMG's effective net profit margin of between 40% to 45% of sales revenue. The contract will terminate if, at any time, SMG loses access to the magnetite stockpile.

Commenting, John Peters, Managing Director of Strategic Minerals, said:

"While we are delighted with the prospect of undertaking this contract with Galvin Investment Company, the Board wishes to emphasise the need to temper expectations and for caution to be applied until the security Letter of Credit is provided and sales commence. This process may take up to 30 days before the contract would effectively commence. We will update the market as soon as the contract comes into effect."

A bit lucky on today's rise but It look oversold for some time so last Friday did a top up as it had a further drop and only one MM was very low compare with the others.......

XXX - Fri 11:45
RE: Top up time
I bought some at under 0.73p as the retracement seems done

Share price now bouncing from the support of the 50 days MA

Ready for a BREAKOUT today or tomorrow
---------------

Strategic Minerals' Cornish exploration adds to attractive mix, says broker - Share - 16:10 10 Mar 2017

A punchy 1.31p price target could rise if a drilling programme in Cornwall is a success.

SP Angel has started coverage of junior miner Strategic Minerals PLC (LON:SML) with a punchy 1.31p price target, which could rise if a drilling programme in Cornwall is a success.

The broker says that Strategic is unusual for a junior in that cashflow from its tailings operation at Cobre New Mexico is sufficient to cover corporate costs while allowing it to explore new projects.

“The portfolio of both Australian nickel/cobalt and Cornish tin projects further diversifies the company’s risk profile from both a commodity and geographical perspective.

“The forthcoming drilling programme in Cornwall seeks to extend the vertical and lateral extent of the known deposit at Redmoor [tin and tungsten] and to upgrade the resource estimate from its current inferred status.

“A successful outcome to this programme provides potential uplift to our base case value estimate of £16.0m.”

Shares were up a touch to 0.76p.

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