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.

Certainly doing the business today.

the impressive thing (to me) is the impetus behind the surge through the previous all-time high ...... my word of caution, as so often, is that this is a very low cap stock so any half-way serious buying or selling will have a disproportionate effect on sp ...... also .... generally speaking, industrial commodities and associated stocks are not currently "the place to be"

I think VML is the one to be in now...it has not been noticed before in spite of its great potential...and being cash-rich and has good uranium and vanadium and gold resources.

i may investigate further as took a lot of splosh off the table this morning in the proven likelihood that, for a number reasons, DOW was likely to fall and FTSE may retreat further in its reflection

Lots of T trades near the end of the day , mm need more stock big buyers waiting to get on board . What will friday bring , 21p ?

i lied! .... all time high is about 23.5 ...... however, other than greed, i think you may be pushing your luck to expect current sp to go beyond +/-18 = today's close (look at 5 year chart; mid 2005) ...... indeed, if DOW really does tumble over the next couple of sessions, be prepared for some profit-taking here as FTSE also falls out.

Holding steady today .

hlyeo98
Re "Have you got on UMN" Sorry I got the wrong stock, No looking good though I'm out of funds at the moment.

you have to pay 19p to get this stock now

fliper
There must be a T trade buying we will see at the end.

Nice to see the tick up.

3 v 2 mm a little short of stock ?

4 v 1 now , a tick up is on the cards . 19.5 to buy ?

Driver, yes I have been on the UMN train which I've told u to get on a few weeks ago

3.25p gain on the week . Its getting a bigger following now .

Matthew Idiens says If the results of this years drilling programme are positive , they will be reflected in a re-rating of our shares . What will that be ? 50p , 1 ?

certainly both UMN and VML have rocketed away ..... see some pretty charts below! ......




Both charts are over 1 year period and show 50 + 200 dma

are both VML and UMN at similar stages of development as companies? ..... i.e. are they still both E&P companies or has one/both already found deposits and started producing?

if both much the same, thenof the two, i would probably go for UMN as it has a decent cap of some 500m whereas VML is only 22.5m.

however, if you prefer excitment and/or a heart attack, then VML should prob be your choice!

Vane is also profitable and throwing cash off, cynic, Im not sure about the other one you mention.

Lovely rise up this morning by the way.