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.

Looks that way to me too but remember it can be a stuborn one.
cheers GF.

I am bored with too much red so have topped - only thing which is significantly blue other than Cobra. Let's enjoy - all the best Fonty

There is a lot of red about today. Looks like more than just profit taking. The Aim is taking a particularly big hit (4% drop since Monday).

Looks like a good time to buy now, spread is only 0.5

Some odd games at the end of the day. Buys continue to overshadow the sells but it tails away.
Compared to the rest of the market I can't complain with VML,HVE,TSCO & MMG keeping me just about even on a red day

Dont worry guys its a devil ,to move the price. B ut having said that there should be plenty of news over the next few days.

Cheers GF

Bought twice this morning (also MMG)and then decided I was in danger of getting over enthusiastic.

So I decided to cool off and go for a swim. Unfortunately there was a fire alarm at the pool and we were evacuated immediately. So there I stood in a freezing cold carpark wrapped in a silver space blanket, waiting for the fire brigade to arrive. Anyway it helped me stay sane, and slightly restrained (though I did sell off a couple of lossmakers). Sorry, bit off topic - the relevance was meant to be the importance of when and how to get away from that screen.

Will probably go in for another top-up at breakfast again. Buys far outweigh sells again (not so with MMG). Slightly worried about the general carnage in the markets, and sentiment on mining stocks. But this seems to be far outweighed by Vane's advantages going forward.

Good to see all the contributions on this thread.

Cheers Madison

it is a great little stock and a bit different to siome of the more suspect mining shells out there...it has production! (or at least will have)
hope you managed to finish your swim!

Yup its a hard one to get going, but you just watch how it claws itself up the index.

cheers GF.

Sells outweighing buys today guys - flying down! Buying opp or is there some news out?

I hope it is the former of those two.

Well the buyers seem to be returning. You had to expect a little flurry of profit taking at some point!

Profit taking day I suppose it had to happen when a stock moves up over 45% on three days on the trot. Never mind as when the news flow starts coming in we will see this on the rise again.

cheers GF.

got a little worried this morning when it dropped over 13% but hung in there, in fact i will prob top up while i can

Buyers returning in strenght now.

cheers GF.

Just lifted this piece from a knowledgeable and trusty chappie on another board (not advfn), makes for interesting reading.......................

The RNS published on 15/3 re Guadalcazar was IMHO very low-key and not reflecting the excitement that Vane must be feeling about this projects potential.

If you go to their website (www.vaneminerals.com) you will see there a much fuller history and description of Guadalcazar. The RNS of 15/3 mentioned a potential large gold deposit, but ignored the fact that the 1940s. survey of a bit less than 1/5th of the total area/cu.metres, delineated a total of 10220 kilos of gold,14800 tons of tin, 2640 tons of mercury AND (here's the biggy) 1.66 million kilos of silver.

Of course, the remaining 4/5ths. may contain proportionally more, or less, than this (I doubt that Vane know yet). But if it is the same, then the gross value of this silver is around 1 billion. Add on to this gold of 0.375 billion plus the other stuff and it comes to well over 10 per share gross.

cheers GF.

Slater from ShareCrazy quotes

"Just lifted this piece from a knowledgeable and trusty chappie on another board (not advfn), makes for interesting reading.......................

The RNS published on 15/3 re Guadalcazar was IMHO very low-key and not reflecting the excitement that Vane must be feeling about this projects potential.

If you go to their website (www.vaneminerals.com) you will see there a much fuller history and description of Guadalcazar. The RNS of 15/3 mentioned a potential large gold deposit, but ignored the fact that the 1940s. survey of a bit less than 1/5th of the total area/cu.metres, delineated a total of 10220 kilos of gold,14800 tons of tin, 2640 tons of mercury AND (here's the biggy) 1.66 million kilos of silver.

Of course, the remaining 4/5ths. may contain proportionally more, or less, than this (I doubt that Vane know yet). But if it is the same, then the gross value of this silver is around 1 billion. Add on to this gold of 0.375 billion plus the other stuff and it comes to well over 10 per share gross."

Buyers certainly have the upper hand now, the price as moved back in to nearlly evens.

cheers GF.

Got into this one at 24.5. Great prospects.

Just filled up again whilst all the attention is elsewhere today.