UPDATE UPDATE UPDATE..

COMPANY WEB SITE.........

http://www.vaneminerals.com/

THE PRICE OF URANIUM IS GOING BALISTIC...

The uranium spot price hasn't seen a down month since 2001. For years now, uranium producers have met just 60% of total annual demand - the other 40% coming from government stockpiles and decommissioned nuclear warheads. This can go on for only so long.

The tightness of supply comes at a time of atomic resurgence. Three large-scale factors have turned the tide in favour of nuclear energy:
geopolitics, global warming and developing world growth.

Analysts are debating over wether the SP of Uranium increase will be three fold within 2007?.

Looks like to me, the best play on the UK market for Uranium and it hasnt gotten away yet like the other two ZBA Zareba and URA Uranium which have multi bagged. Its also in a position to fund its development with a new gold mine producing. Ive added twice this morning and think this one could be very big. Heres the announcement...........

Vane Minerals PLC
07 March 2005


VANE Minerals plc (AIM: VML)

VANE Announces Diversification Into Uranium Exploration And Development

Vane Minerals ('VANE' or 'the Company') announces that it is diversifying its
current project portfolio by entering into the uranium exploration and
development business.

To date 7 uranium targets have been successfully claimed by the Company and 28
further properties have been identified and are under development. VANE expects
to finalise its property position by the end of the first quarter 2005. The
Company is targeting uranium projects that are either at, or near, resource
stage or targets that exhibit similar surface features to mines with past
production, but that have not yet been evaluated for the presence of uranium.

The 35 properties identified are located within a uranium district with
significant past production as well as significant resources. Due to the
current uranium market conditions, we prefer to not identify the location until
we complete our property position. Previous drilling data available for some of
the 7 properties successfully claimed indicate grade intersects from 0.34 up to
1.78% U3O8.

VANE has incorporated a 100% owned subsidiary to hold its uranium properties and
has also successfully recruited a uranium geologist, Kristopher K. Hefton B.Sc.,
who has considerable experience in this field and is a great addition to the
VANE team. Mr. Hefton has worked with VANE's exploration team in the past during
his time at Freeport McMoran, and he has also worked for Barrick Gold
Corporation, Homestake Mining Company and Energy Fuels Nuclear Inc.

Michael Spriggs, Chairman of VANE, commented, 'We are delighted to announce the
addition of these uranium assets to the VANE portfolio and will update the
market with more substantial details once further properties have been claimed.
The uranium market has been strong for some time now, reflecting a long-term
forecast supply shortage and the growing recognition that nuclear energy offers
a cleaner and more energy efficient fuel source. Through our extensive network,
we have identified some quality projects and look forward to releasing further
details when appropriate.'

Enquiries:

VANE Minerals plc Seymour Pierce Limited Parkgreen Communications
Matthew Idiens Sarah Wharry Justine Howarth / Cathy Malins
020 7667 6322 020 7107 8000 020 7493 3713

cheers GF.

Still sticking in there guys. Think were going to make some nice money on this one, but as ever patience will pay dividends, not that I wont them LOL .

cheers GF.

A nice early start today, here's hoping it sets the trend for this trading period. Have a good day everyone.

Loadsa

We could maybe see a tick up shortly, some nice buy's coming in

Loadsa

Doesn't seem to be churning as much as a few weeks ago, when the odd sell would've precipitated a cluster of short term exits on a day like this. Confidence returning gradually? Some nice healthy buys over the last few days.

Cheers, Madison

Hi all
Yet another encouraging early start today, purchases of vane shares over the last few days have as Madison states been quite substantial, more in line with what you would expect with a company of this prospect and calibre. But sp seems reluctant to rise in proportion to the rate at which it has in the past been seen to fall, anybody any idea why this should be the case?

Loadsa

Loadsa,

Although we've had some nice buys over the last week, volume hasn't been amazing. Still think Vane isn't on everybodys radar, which is a good thing imho.
With lots of news flow in the coming weeks/months i'm sure the sp will react and challenge previous highs. Lets see, we can expext news on the following:

choix copper prospect - drilling programme is being developed

mina charay - preliminary mine plan being done

guadalcazar - five more drill targets to be tested this summer

diablito - mining operations has begun/ update soon me thinks

and of course, my fav... URANIUM! this is in my opinion Vanes ace card.

And whilst the above is ongoing, Vane is still keen to identify other opportunities etc

A few months back Vane reached 24p, when the time is right i'm sure we'll be back up there :-)

oops! forgot to mention Paraguay project.. 22 gold/copper targets have been identified, with drilling planned for the future

buyers coming in again this afternoon...

Cheers, Madison

Nice to see these on the up yet again

Loadsa

Copper Trading At Unprecedented Prices
By David J. DesLauriers
02 Aug 2005 at 07:05 PM

Copper prices in New York rose to a record, erasing earlier losses, as U.S. factory orders increased for a fourth straight month in June, renewing concern that demand for the metal will outpace supply."

At these prices, companies producing copper or developers bringing on production in the next 12 months are making or will make unbelievable amounts of money they are probably trading well under 2X forward cash flow for the developers. When will this be reflected in their share prices?

Cheers, Madison

although i don't want to bring any bad karma to VML;

check out RTM...... hahahahahaha

Vane have developments across a range of minerals. The immediate focus is that news from Diablito's gold mine is expected within a relatively short time. The price of gold has been advancing while we wait, and that can only be good for VML.

Cheers, Madison

yesterday I was pondering writing about how quiet it had all gone, and static...and then today.. it all came at once... apart from speculation about prospects are there any reasons why this rise happened today?

Protected buyer pushing price higher.

good to see we have pushed out of the 15 -16p band that we've been stuck in for the last week or so.
Nomad - with oil prices reaching record highs today, think we've had some good sentiment etc.. also i think we were due a little rise as everything seems to be going to plan etc.

daws

I dislike interpreting the MMs' actions and usually refrain from doing so, but I've been thinking for some days now that they were trying to build up some stock (presumably prior to an announcement). It seems unlikely that the bid has been raised to attract sellers so often recently if they didn't think it likely that they could be offered at a higher price fairly soon. There has been a pretty consistent pattern discernible for some time. (But I could be wrong!)

Background music is the oil price rise, and the Reefton fiasco leaving Vane as one of the only uranium plays on the LSE. More important is the quality of the company, the range of potential over different minerals and the secure management. This has been detailed on this thread frequently. Anyone considering getting onboard could do worse than spend an hour or so reading a highly informative thread. (Besides of course researching elsewhere too.)

What we are waiting for next is news from Diablito and the firming up of cashflow projections into reality. (Though we could be surprised by news on a whole range of things including the uranium sites.)

Not entirely sure that all today's "sells" were actually sells, but I'm not inclined to worry or think about it. Spent the day happily on the beach and may well return tommorow.

Cheers, Madison

Definately nice to see this one move up! I agree with the reefton fiasco having a positive impact. The recent float of Uranium mining corp on the 2 aug illustrates what a good uranium prospect can do to the share price, doubling in a couple of weeks.

However, as with most investors on this board im in for the long term happy to let the MMs and traders have their fun onwards and upwards............

interesting pice on VML in
www.scsw.co.uk
anyone have a target??

Seems like MMs very happy to pay well for stock. Which is usually a good reason not to give it to them.

DP - what does it say?

As for targets, I don't have any. But a lot on this thread are happy with purchases made well above the present level....

Cheers, Madison

Hi dorothyP
A great many of us do not subscribe to the site you quoted so please enlighten us what does it say?? otherwise the post 1028 has no value. Unless of course you are on commission

Loadsa