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.

Hi Digger
I also upped my holding @ 14p having reduced last month to buy HCEG @ 19p hoping this has some legs on it. Good luck to all

Loadsa

Nearly 1/2 mill bought now seems to much for the level of info Digger. Maybe they know something that we don't yet?
Loadsa

Good to see a bit of volume at last.

VML history says that most of this mornings' buyers will sell out for a small rise (and a relatively small profit), but let's hope that there are a few longtermers in there somewhere. I fully expect this to churn around massively, but in the end we'll get there. (Ie. back into the twenties.)

Cheers, Madison

(PS loadsa - good film choice, your number 3!!!)

James Dines Still Screaming Buy "Uranium!"

By Jon A. Nones
27 Nov 2005 at 08:54 PM EST


SAN FRANCISCO (ResourceInvestor.com) -- In a rapid yet succinct presentation at the Gold & Precious Metals Investment Conference in San Francisco, James Dines, editor of The Dines Letter, all but screamed at investors to buy into the uranium market. As a self-proclaimed arm waving, table thumping, wide-eyed optimist, Dines couldnt say it loud enough uranium is the energy of the future.

According to Dines, the end of oil is in sight and nuclear energy will be the worlds next power source.




The sooner the world gets rid of carbon fuels, the better well be, he said.

Dines told the audience to forget about wind power. If France were to close just one nuclear power plant, it would need a wind turbine every nine miles along its entire coastline to make up for it, he said.

Dines added that the coming demand for uranium will be so huge, not even the big companies will be able to keep up. Chinas plans to build 30 reactors will be insufficient, according to Dines. They will need 100s to meet demand for energy, he said.

According to DinesLetter.com, the world will consume nearly 200-million pounds of uranium in 2005, while uranium mines will produce only around 100-million pounds.


Source: DinesLetter.com.

Thats an incredible 50% shortfall of fuel needed to run the worlds nuclear power plants, according to the website.

Dines said he turned bullish on uranium in 1996 when the price per pound was $8. Its now in the mid $30s.

Uranium is the greatest investment vehicle I have ever seen, Dines said. Even better than Internet stocks.

now read this from 2 weeks back..

Uranium Property Acquisition

RNS Number:2595U
Vane Minerals PLC
17 November 2005


VANE Minerals plc (AIM: VML)

Acquisition of North Wash Uranium Property in Utah, USA

VANE Minerals plc ("VANE" or "the Company") today announces that its
wholly-owned subsidiary, VANE Minerals (US) LLC, has acquired the North Wash
Uranium Property located along the east flank of the Henry Mountains in
Southeastern Utah, USA, in the Colorado Plateau Uranium District.

The North Wash Project, at present, contains an inferred geologic resource of
150,000 pounds of uranium ("U3O8") based on data from more than 100 rotary and
core holes drilled between 1977 and 1979. The resource is contained in 35,000
short tons in a tabular deposit grading 0.22% U3O8 with an average thickness of
5.5 feet.

Limited vanadium assay data indicate that the vanadium to uranium ratios, from
three assays in one drill hole on the property, ranged from 7:1 to 69:1 while
the ratios in three drill holes nearby varied from 8:1 to 32:1. This represents
vanadium oxide ("V2O5") grades of 1.5% to 15.2% or 30 to 304 lbs V2O5/ton
respectively. With the price of vanadium oxide at a current high of $12/lb, VANE
plans to establish the actual vanadium oxide grade with further work.

The North Wash Project consists of four unpatented Federal lode claims, which
cover the known mineralisation, and an additional 62 claims along trend located
by VANE during the due diligence period. The total land position covers
approximately 1,363 acres (551 hectares). The property carries a production
royalty of 6% on the four original claims and 1.2% on the additional claims.

The resource is hosted in the Salt Wash Member of the Jurassic Morrison
Formation, which is one of the two major host rocks for the tabular uranium
deposits on the Colorado Plateau. There are several holes not included in the
resource that contain ore-grade mineralisation that have not been offset.

VANE is in the due diligence period on a further two properties in Southeastern
Utah and is actively pursuing additional breccia pipe uranium properties in
Northern Arizona; details will be announced when they become available.

Michael Spriggs, Chairman of VANE commented, "This acquisition is another
important step in VANE's growth, further strengthening our position within the
uranium sector. Our projects are still in the exploratory stages, but all have
significant upside. We will continue to seek additional holdings as we believe
this is a market which will deliver substantial added value for our
shareholders."

VML rising back on greater volume, was only a matter of time, would to see the volume increase to 1m+

Now 15.5p to buy up 11.5% on day. I feelconfident an excellent week ahead, If their is furtheer news on the back of this rise then that would seriously propel it to 21p+ IMHO..

DYOR as always...

The rising gold price should be be good for Diablito and VML's cashflow. On the last projections VML weren't far off matching the cashburn anyway. Could the well-managed company with the excellent strategy also be getting lucky on commodities prices...

Gold Analysts Say the Real Rally Is Just Beginning

By Jon A. Nones
27 Nov 2005 at 10:55 PM EST


SAN FRANCISCO (ResourceInvestor.com) -- Day one of the Gold & Precious Metals Investment Conference in San Francisco heard many analysts, newsletter editors and brokers saying the same thing about gold the rally is just starting. With the price rapidly approaching $500/oz, investors paid heed.

Tim OBrien of Tiger Financial News Network began the day by saying quite simply, this thing is just starting.




In a series of charts, OBrien measured gold against every major currency the U.S. dollar, Canadian dollar, Australian dollar, euro, pound, yen and rand. Gold was defeating them all.

These charts are unheard of, he said. And this is a world-wide thing not just the U.S.

Robert Bishop, editor and publisher of Gold Mining Stock Report, picked up almost exactly where OBrien left off.

The reality is its just getting started, Bishop said about the gold price.

Bishop noted that only in the last six months has gold really taken off as a bull market, but said it could last another five to ten years.

$500 is not going to be the psychological number weve made it out to be, he said.

According to Bishop, any change in the market will involve foreign markets in China, India and Asia as a whole. He said central bank buying will definitely come into play especially now that Russia and others have said they will look into expanding gold reserve holdings.

Gold is going to continue to win on the larger market, he concluded. Its tough to make an argument against gold right now.

Richard Sacks of Brick Capital Management couldnt have agreed more.

I think were seeing the next big step of the gold bull market, he said.

Sacks noted that even though the dollar rallied in 2005, gold went up as well - despite a calculated 94% negative correlation between gold and the dollar. However, he alluded to a U.S. recession in the making for 2006 due to steady inflation and the cost of Katrina and the war in Iraq.

Ask yourself, if gold is going up while the dollar is rising, what is gold going to do when the dollar falls? Sacks inquired.

He predicted a very good year for gold in 2006, as gold continues to rise against every major currency and central banks openly talk about increasing reserves.

Mary Anne Aden, co-editor of The Aden Forecast, concluded the day by highlighting the increasing probability of inflation and its positive effect on the gold price.

The money supply has been extremely loose the loosest in 30 years, Aden said.

She argued that high oil prices will continue to fuel inflation, and trouble in countries like Iran and Venezuela will keep these prices high.

She added that the market is also concerned that Ben Bernanke wont be able to curb it especially after saying hed throw money out of helicopters to keep the economy going.

The bull market is still young, which means theres a lot more upside to cover, she said.

Gold for immediate delivery rose as much as 0.7% to $497.02 an ounce in London on Friday. On Wednesday, gold for December delivery closed down 60 cents at $492.30 an ounce on the New York Mercantile exchange.

Will gold hit $500/oz tomorrow? Stay tuned.

ENDS

Cheers Madison

Morning all, I see the mining press has finally picked up on Vane latest acquisition.

Mining Weekly : AIM miner acquires US uranium property

AIM-listed Vane Minerals has announced that its wholly-owned subsidiary, Vane Minerals (US), has acquired the North Wash Uranium Property located along the east flank of the Henry Mountains in Southeastern Utah, US, in the Colorado Plateau Uranium District.

The North Wash Project, at present, contains an inferred geologic resource of 150 000 pounds of uranium based on data from more than 100 rotary and core holes drilled between 1977 and 1979.

The resource is contained in 35 000 short tons in a tabular deposit grading 0,22% U3O8 with an average thickness of 5,5 feet.

The North Wash Project consists of four unpatented Federal lode claims, which cover the known mineralisation, and an additional 62 claims along trend located during the due diligence period.

The total land position covers about 551 ha. The property carries a production royalty of 6% on the four original claims and 1,2% on the additional claims.

The resource is hosted in the Salt Wash Member of the Jurassic Morrison Formation, which is one of the two major host rocks for the tabular uranium deposits on the Colorado Plateau.

There are several holes not included in the resource that contain ore-grade mineralisation that have not been offset. Vane is in the due diligence period on a further two properties in Southeastern Utah and is actively pursuing additional breccia pipe uranium properties in Northern Arizona; details will be announced when they become available.

Chairperson Michael Spriggs: "This acquisition is another important step in Vane's growth, further strengthening our position within the uranium sector.

"Our projects are still in the exploratory stages, but all have significant upside.

"We will continue to seek additional holdings as we believe this is a market which will deliver substantial added value for our shareholders."

Blair to unveil 'nuclear option'

The CBI has warned of a possible energy crisis
Tony Blair is likely to use a speech to business leaders at the CBI to launch a review of UK energy policy which could lead to new nuclear power stations.
Mr Blair is believed to view nuclear power as a way to improve the security of the UK's energy supply and also help the UK meet its greenhouse gas targets.

He has also said ministers must make "difficult and controversial" choices.

Business leaders want a decision made quickly, while green groups want clean and safe alternatives to fossil fuels.

The energy review will be headed by the Energy Minister Malcolm Wicks and report by the middle of next year.

Buys picking up in volume yet again, despite a lack lustre start
Loadsa

http://www.uic.com.au/uran.htm

uranium and nuclear..some facts...

No change in the price today...
Can expect plenty of press reports tomorrow regarding the Big nuclear debate...

Which companies may expect to benefit from this, considering the demand for uranium will increase, the supply of this mineral ? VML for one..

Gold prices have surged past the $500-an-ounce mark, and more gains are predicted as investors look to protect themselves against inflation fears.
Gold hit $502.70 in London, its highest level since February 1983.

Other commodity prices also have been climbing, and platinum topped the $1,000-an-ounce level.

Are you there Mr Mole VML looks to be off to a good start again today I wonder what the day holds.

Here and watching loadsadosh...doesn't look quite as brisk as the other day though. I wonder if it's just general sentiment that we may move towards nuclear power that's pushing up uranium stock or specific info on VML.

Do you know when VML's figures are out?

By the by, interesting letter I read yesterday about renewable energy v nuclear power. The comment featured on this very cold, anticyclone that's been hovering over the UK this last couple of weeks...apparently there was barely any wind to turn the wind turbines, in areas of freezing fog there was no light for the solar panels and wave energy would have been minimal due to the calm seas. Had we been relying on renewables there would have been a lot of lights going out that week!!

Fingers crossed today for VML.

I think that the finals are due on 31st dec

Mr Mole
The financial year end is 31st December.
The annual report for the year ended 31st December 2004 was dated
7th April 2005, would think indications of 2005 trading position should be out before April.

U308 weekly price now at $35.25.

tallsiii - are you still in these? Your post 833 gave us a model based on a $29 price, but since then Diablito has started production and other factors have emerged. If you're there, what's your current view?

Cheers, Madison

90K in buys 20K in sells and the mid price drops to 12.75, buyer comes in with 50K buy at 13p is this a favour or what?

Loadsa

Topped up this morning looks like a brilliant time to increase my holding! Just a bit of manipulation by the MMs but may as well capitalise on it