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.

http://www.timesonline.co.uk/newspaper/0,,2769-1733907,00.html

Large interesting article in The Sunday Times where Vane gets a small mention.

Cheers, Madison

Must be due a tick up soon

Afternoon all
Good to see this share making progress, this .75p rise would have taken three .25 increments a short while ago, now it jumps that in one move, that, along with the overall buying trend indicating medium to long term buyers are in the picture is good news IMHO

Loadsa

There will probably be an RNS released over the next day or two. And then, despite the good news being told, the share price will fall!

Hi Tallsii
Do I gather from your bitter tones that you bought in too soon, surely you were aware of the usual time scale attached to this type of share??

Loadsa

Loadsa, I have no doubt that the future is there with this one, but am sure that you are aware that there is no point getting excited about short term movements in the price if you are a genuine long term holder.

tallsiii - I take it those three large T trades are probably buys. What's your view?

If so, then that's the sort of healthy buying we've been waiting for for a few months now.

Cheers, Madison

three large t trades and the price goes up. Could anybody confirm if t trades can be filled over a number of days or is it just the one? Defo the largest trades we've had for a while i think

Daws

Daws - it's a good question - to which I don't know the answer, (but there must be somebody here who does...)

If you assumed 24 hours, then those three T trades could easily be buys processed largely at the end of yesterday but not finished till late today. In any case if they were sells I imagine the sp would have gone down quickly and markedly. And it fits in with the general pattern lately. Unless there's a big markdown in the morning I'd assume they're probably buys. (The only other scenario that makes any sense to me is that they're sells 'generated' in order to fill another buy order that's being processed.) Either way it's good news.

However, I remain open to being educated by someone more knowledgeable on these matters!

It does seem like that next RNS is very eagerly anticipated now.

Cheers, Madison

A few extracts from "Profit from the uranium bull run" by Gary White
15.08.05
UK-Analyst

"Profit from the uranium bull run
Says Garry White, Stockmarket Reporter at UK-Analyst.com

These recommendations do not constitute advice, please read the risk warnings

An interesting shift is happening in the energy sector and it almost looks like a step back. Actually, it probably is the most sensible way forward. Its nuclear power and the current tight supply of oil is forcing many governments to look at this alternative source of energy. The US, as ever, is leading the way, but there is also a lot of interest in the technology in Asia due to the scarcity of coal reserves across the continent.

Nuclear power is going to be a cornerstone policy as the US Government tackles its energy crisis. Part of this will be upgrading the national power grid, which has been substantially neglected. But the bill is set to promote nuclear power, reversing years of policy after the Three Mile Island incident sent serious doubts about the technologys safety.

Two months ago George Bush became the first incumbent resident of the Oval Office to visit a nuclear power station for 25 years. To rapturous applause, his speech at the Calvert Cliffs Nuclear Power Plant in Maryland went down a storm. It has been 30 years since the US last constructed a nuclear power plant, but that is set to change. Nuclear power currently provides 20% of US electricity needs - but the President wants this to rise. After all, isnt becoming less reliant on foreign oil the patriotic thing to do?

Dozens of reactors are being built or planned in Asia, several in Europe, and there is talk of new reactors being built in much of the rest of the world. European manufacturers are even looking at nuclear power to manage their own long-term power prices, with Alcan said to be considering building a plant to feed its aluminium smelting capacity in France. Construction of a reactor in Finland is already under way to supply the pulp and paper industry. France announced this summer that it would help Libya plan a nuclear energy programme.

Uranium is the fuel that drives the resurgent power revolution and, although its price has jumped already, it looks like the price of this radioactive metal is firmly on an uptrend. The uranium price during the 1970s was $43 a pound but, as nuclear power went out of fashion, the cost of the metal plunged to around $7 a pound. Today, the price stands at around $30 a pound - still below historical highs. There are even some analysts forecasting that the price of uranium will hit as much as a whopping $100 a pound, but this is probably over optimistic but not impossible. A conservative target for the commodity of $50 a pound is realistic. Basically, it looks like the uranium industry is going to turn into a bit of a cash cow over the next decade and now is a good time for a long-term investor to get in on the act. And it's all about yellowcake.

Yellowcake is the mineral that contains uranium. Now is a very good time to get hold of such a resource before prices really rocket. And the big global players know this. Recently, the world's largest mining company, BHP Billiton, snapped up Australian group WMC Resources. Why? Well, because of its Olympic Dam uranium resource, of course. It's the world's largest single uranium resource - and they wanted it. The WMC board fully expected that the uranium price would jump - and they pulled off some good negotiations, so BHP was forced to increase the price. Hedge funds have even started buying uranium - the signals are that bullish."

Cheers, Madison

Cheers madison, good article.

For info:
'T' If reporting a single protected transaction. A protected transaction occurs when a large order is going through the market. The buyer (or seller) may wish to keep the order anonymous from the rest of the market as the size of the order could greatly alter the price of the stock. With a protected transaction, the dealer will put the trade through in small quantities rather than knock the whole order out in one hit. The entire transaction is reported once the deal is completed. The LSE is notified at the start and at the end of the transaction. However, the market as a whole isn't told until the end, thus the order is protected.

Doesn't say anything about the timescale of a t trade, so presume it could of been filled over a number of days etc

Must say it does feel like we've got a rns due, plenty of buys recently and some large trades and we are due some updates etc..

Lets wait and see.

Daws

Right. To answer you questions guys - and in fact leads on nicely from the last post. I have been analysing at the share price over the past couple of weeks.

Below are all the T trades gone through. All starting since the 10/8.


15/08/05 16:10 16.75 250,000 T 16.25 17.5 Sell 49,278 285,500 0
15/08/05 16:23 17.25 220,000 T 16.25 17.5 Buy 269,278 285,500 0
12/08/05 16:37 17.25 200,000 T 16.5 17.5 Buy 292,690 196,508 25,000
11/08/05 16:32 16.5 150,000 T 16.5 17.0 Sell 170,453 301,111 0
10/08/05 16:39 16.5 100,000 T 15.0 17.0 Buy 123,810 46,107 0
11/08/05 16:33 17.0 100,000 T 16.5 17.0 Buy 270,453 301,111 0

Yesterday there were 350k*2 and 1*250K

These have definalty been all buys, since the price has increased incrementally, on little or no volume and a majority of sells!

someone has baught 2m of these at probably an average of 17p = 340k worth.

I reckon its a director or institutions lets see if the stake building continues!

i am expecting someone to say that the 7% drop this morning on the back of sells is because MM's are trying to get hold of stock.......or ....

Hi Gn

The 7% drop this morning on the back of sells is because MM's are trying to get hold of stock, anthing to oblige - you can put the cheque in the post

Loadsa

By the way what does B in front of a transaction mean and would this transaction be carried out at an engineered advantageous price?

Loadsa,

A b trade is a broker to broker transaction. When a broker is buying this is usually a good sign in my opinion, as im sure they wouldn't want to sell at a lower price.

Daws

thanks loadsa, is a post dated cheque ok, have to wait for some profits to manifest themselves.....

GN

red day for me today, all 'round..........Yuk !!!!

All quiet on the vml front lately, must be due some updates soon. Still happy to hold longterm. Can't wait till we get some news regarding uranium!

Daws

U3O8 spot price nudged up again daws. To $30.20.

Cheers, Madison

hope this one moves up again soon-getting a bit bored!