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 is set to go north soon based on its cashflow and wide exposure to gold, silver, copper and uranium

I hope so hlyeo if VML can`t move up in these favourable market conditions when will it?

Some upward move today

Was in VML earlier this year and confess it is a very dull stock indeed ..... No movement in any direction so bailed out ..... There have to be better plays for uranium, though it is not a metal i follow in particular ...... However, take a look at CER who have a substantial interest in a uranium mining co (Eureke = EKA) or for a more spivvy stock, Galahad (GLA) who also seem to have a decent stake in a uranium mining co

Cynic,

I have been having similar thoughts about VML. I haven't bought this stock, and certainly don't wish to offend anyone who sees things differently from me, but it just seems to me that the case for buying this one isn't as strong as for other miners out there. A lot of Vane's recent exploration seems to have produced results that indicated that the prospects weren't commercial, e.g. Choix copper turned out to be a bust. What positive newsflow there has been hasn't been strong enough to make an investment seem attractive.

I agree that GLA is a strong prospect, although arguably the aces in its hand are centred on nickel, molybdenum, etc - the uranium prospect is attractive in itself but will ultimately be only a small proportion of the overall portfolio. The forthcoming Uramin floatation might be worth a look for anyone wishing to concentrate purely on uranium. I quote from post #28 on the GLA thread, or click on http://www.smallcompanies.co.uk/aim/news/21943/uranium-float-seeks-40m.thtml
: "Uramin, . . . has rights to deposits of an estimated 100 million-to-260 million lbs of uranium in South Africa and Namibia . . . " (GLA owns 16% of Uramin).


I suggest Ridge Mining (RDG) as another good tiddler, centred on Gold and platinum group metals plus a fairly exciting nickel deposit. Toledo Mining Corp (TMC) is also a strong prospect based on its nickel assets.

My gut feeling says that uranium is a useful resource in a mining company's asset portfolio, but that in many cases the deposits/suggested reserves don't seem to be large enough to create companies with several hundred million market cap. For that kind of performance, you have to look at large base metal or gold deposits.

Sorry, HLYeo and Goldfinger - you come up with some excellent companies on a regular basis, but VML would have to work a lot harder to convince me that it is one of them.

All IMO, DYOR, etc.

Cynic, Im glad you see the attractiveness of GLA! Recent fall in sp has nothing to do with GLA directly and all related to InterMoly!

Well as usual points noted chaps and you may well be right, but Im a patient type and Ill stick with this one.

cheers GF.

Promising and encouraging article in the Shares Mag today.

Whats the body of it Hlyeo98 please?.

Cheers GF.

Goldfinger...shares mag had a big article about resource shares and they rated VML better than GFM and KMR which I have some of both...lunchtime I bought into VML and already up 10% :-))))))))))))))))))

On iii there is a hint that there is a board meeting today that may yield some info....unfortunately the posters don't inspire me with confidence......

now up 14.5%

If youve had a good day please consider giving a donation to the lads dressed as Elvis racing 350 miles to the North Pole on behalf of Great Ormond Street Hospital It makes the London Marathon seem like a stroll in the park!
To donate or view how theyre getting on visit
http://www.elvispolarchallenge.co.uk/
thanks for your time

If youve had a good day please consider giving a donation to the lads dressed as Elvis racing 350 miles to the North Pole on behalf of Great Ormond Street Hospital It makes the London Marathon seem like a stroll in the park!
To donate or view how theyre getting on visit
http://www.elvispolarchallenge.co.uk/
thanks for your time

Goldfinger, Shares Mag says Vane will fly in the summer.

OK , cheers lads.

Ive had another 50k with spread bets and directly on the market.


Cheers GF.

Ticking up nicely again today :-)

Why the xcitment over VML? ...... someone says "tickingh up nicely today", when in fact it has moved just 0.25p on a share with a potential/probable 2p spread!

Cynic...as I bought in yesterday lunchtime @ 12p and this morning it ticked up to 13.5/14.5 ...it was going up nicely...now the spread has widened and sell price dropped back a bit...lots of news likely on VML so yes I am excited.
Di

Good morning Uranium-Fans!! - FYI UraMin has just been admitted for trading on AIM, with an indicative spread of 70p/75p. At a market cap of over 120 million, this looks expensive to me, but could be worth keeping an eye on. PDYOR.

Vane is making a headway now