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.

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

Tried a fill and kill order at 12.60p..missed it by a few minutes...

Increased my holding - Goldprice now at $525..!!!

16% discount to last week...last week paid 15.5p..ouch..!

POG $525 blimey thats really moving.

Just had this in my mail:

Vane Minerals In The Press
Minesite, Minews Story by Jack Hammer : Vane Minerals Moves Towards Its Target Of Being A Self Funded Exploration Company
By Jack Hammer

Diablito, AIM listed Vane Minerals' high grade silver and gold project in Mexico, is now in production. The company should, according to Seymour Pierce analyst Charles Kernot, have received "a nice big cheque for their first delivery of concentrate, probably about a week ago". Taking into account a stockpile of previously mined ore built up over the past few months, Vane can expect to pull in at least US$400,000 from this initial shipment. Mr Kernot forecasts sales for the full year at US$900,000. That won't take the company to profitability, but it is a statement of intent.

Vane was always intended to be a self-funded exploration company. At its core lies a database of exploration projects brought in by the original founders, the former Freeport McMoRan exploration team of Steven Van Nort and Frank Nelson. That repository of knowledge has itself been extensively mined to produce the core of the varied portfolio that Vane has. "We are exploration, not mining," emphasises executive director Matt Idiens. Mining consultants run Diablito, as they will Vane's other potential producing asset Mina Charay, which could be in production within 12 months. The plan is for the cash generated from those assets to finance exploration for bigger projects.

On current resource numbers Diablito should produce around 2million ounces of silver and 16,000 ounces of gold over a mine life of four years. That should bring in around US$250,000 per month, meaning the company is already in a position to cover most of its costs. The mine life could also be prolonged if further exploration proves successful. The addition of gold production, if it comes, from Mina Charay, a high grade vein system, should then ensure that Vane achieves its aspiration of becoming a self-funded exploration company. Sales of US$3million are expected next year, and profits of US$200,000. Although those forecasts come from Seymour Pierce's Mr Kernot - recently voted Analyst of the Year by the Association of Mining Analysts - they should be regarded as fairly loose.

There's the issue of whether gold and silver prices stay at their current high levels. If they drop significantly then Vane could be loss-making for a little while longer. That doesn't look likely in the current climate though, and in any case, with over 1million in the bank, further dilution for anything other than a sizeable deal isn't on the cards.

Much more depends, says Mr Idiens, on how much Vane chooses to spend on its uranium assets. With uranium creating a bit of a buzz in London at the moment, Vane's November acquisition of the North Wash uranium property in Utah received a fair amount of coverage. The company hasn't divulged a huge amount of detail on its 17 other uranium "target areas" in the breccia pipe district of northern Arizona, and there wasn't extensive detail on North Wash either. "Uranium is a big kicker and will hopefully pull out a lot of value", says Mr Idiens, who plans to update the market in detail at a Minesite presentation in January. At the moment all we know about North Wash is that it contains an inferred resource of 150,000 lbs of uranium, as well as significant vanadium shows. The resource is contained in 35,000 short tons grading 0.22 per cent U3O8 with an average thickness of 5.5 feet. That's based on thirty-year old data, though, so it will be interesting to see if more recent work is presented in January.

Vane also stated when it acquired North Wash that it was in negotiations on further uranium acquisitions in the USA. It looks as though the company could end up with quite a portfolio in uranium, and it's no surprise to learn that the long-term the plan is to put them all into a new company. That's one way of creating value. Another is to sell assets outright, and this looks the more likely proposition for the 340,000 square kilometres of ground that Vane holds in Paraguay. Sampling programmes on 22 gold and 6 copper anomalies on that ground are ongoing, though the company has been short on detail on that score too. That's another thing Mr Idiens intends to put right in January.

Cheers, Madison