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.

Madison,

Gotta be honest, i didn't evan realise the interims were due out! lol
Have read through and i'm very pleased with the progress being made on all fronts. Vane have got there fingers in a lot of pies, which all look very tasty at the mo!
Its also great to here that advanced negotiations are underway to acquire properties in southern Utah.
The company is achieving everything that it has set out to do from day one, well done Vane and big well done to Michael Springs and the team.

Daws

p.s 'Advanced negotiations are underway to acquire additional attractive
properties in southern Utah, at least two of which are believed to contain a
defined uranium resource'

Yep, looks good for investors, and a blue start.

Cheers, Madison

Thanks Madison-looks very promising and I like the bit about positive cash flow, bring it on!!

Hi Moneyplus,

Been sifting through the interim report a little throughout the day. I think the fact that the cashburn (143,000 per month) remains unchanged is commendable, given the expanding nature of the operations.

As far as Diablito's cash flow is concerned then we have to contend with the statement: "The net financial result will differ only slightly from that expected originally..." But since the POG has changed since the original expectations I'm wondering whether that may be fortuitously offsetting the slightly lower grade ore encountered?

However, the gold's getting to the smelter now and I suppose that's what counts! It looks like excellent progress and not too long to wait now before that "secure and growing source of cash flow" comes on stream.

As the Choix copper prospect has only just been acquired I was not expecting to hear anything on that front for a while. So I'm pleased to hear that fieldwork is commencing this month. On the other hand I thought we might have been a little further forward on Mina Charay assessment by now.

They have obviously had to wait 8 months for the Investigation Permits in Paraguay, but now that is achieved at least we get a fresh newsflow source.

The uranium news was perhaps meant to be the cherry on the cake at the end of the report. But the dry style tends to dampen the effect! I wonder what effect it might have had on the sp today if instead of "Uranium Programme" as a title they had used:

ADVANCED NEGOTIATIONS UNDERWAY TO ACQUIRE ADDITIONAL ATTRACTIVE URANIUM PROPERTIES IN SOUTHERN UTAH

Oh well, just musing...

Anyway, now we are "underpinned by solid institutional support" we can all sleep soundly. Well, unless they're as fickle a bunch as the PI traders!

All in all it seems a very positive and solid report, but it's the news in the (Breccia?) pipeline that will get the sp going again. Impossible to tell when that might be, or when something else might crop up from the many possible sources so, for me, better in than out.

Cheers, Madison

DYOR

Amazing - they knock down the bid significantly and pump through two quarter of a million buys!

Cheers, Madison

Have you a target for this one Madison, at least near term?

I can't believe they ticked this down with them two buys! We're just gonna have to sit tight tell the give us a rns about the uranium

splat - no, never have targets (just plenty of calculations on any share I own so I can move quickly if desired).

Briefly, I'm a Vane shareholder because I believe it's a well managed company with excellent prospects spread across a range of minerals and an imminent cashflow; I'm very optimistic on uranium and copper prices and content on gold prices. And I'm slightly overweight in Vane partly because it additionally has the potential for a big rerating if the uranium prospects turn out well.

On the other hand I will reduce my holding if the sp has not risen from its present levels by Christmas. So I suppose that's a sort of negative target!

Just remember, for various reasons, the day this goes up it can easily go up 25% or so in a few hours. I wouldn't be clever enough (or even online enough) to catch that unless I was already in.

Cheers, Madison

DYOR and never invest more in any penny share than you can afford to lose.

Buying today - at bargain prices. Lucky people!

Cheers, Madison

They marked it down in the morning. Not sure why?

A lot of buying today (by Vane standards). Anyone know why? Is news imminent?
Or is it just the RSI encouraging the regular short-term traders?

At least it's a blue day.

Cheers, Madison

Madison buying may have been following IC article page20

anyone is this still?

Not me - I baled out a couple of weeks ago
#
baza

I'm still in for the long term.See no good reason to sell.

Wonder if sinutab is still holding these. When i suggested selling around 23p in April, this was the response:

sinutab - 15 Apr 2005 11:50 - 338 of 1066
'hawick you are a thick peasant........'

-:)

With the chart looking on the verge of giving way completely, I still see little reason to invest. Need to get some meaningful turnover from Diabolito - quickly.
Good luck to holders!!

Some good news at last!
Maybe someone more technically minded than me can post it on the thread.
db66

DB66 - I have persevered with these until this morning when I sold them to re invest in Chaco.

Have I got my timing exactly wrong ????

Baza

Sods law isn`t it Baza,i have high hopes for Vane and i know a little while back so did Goldfinger although i`m not sure if he is still in these.
All good things come to those that wait,well thats what the wife keeps telling me.
lol
DB66

Baza
Since you advised on post 1065 that you had baled out two weeks previous I would say so

Loadsa