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.

perhaps ..... haven't really followed either VML or UMN to get a feel .... however, both are currently quite badly o'bought so a breather (at least) is due

Remember what the director said , The shares could be re-rated . Positive outlook .

fliper
Going up nice and slow that's just how I like it.

Buyers coming back in for these , a tick up on friday i think .

I think I will go in again tomorrow. Wish me luck

hlyeo98
Dont forget to wear your armbands.

M/AM trades are interesting ..... just a single sale today for 10k ..... all others buys though nothing over 50k (i.e. 10k)

Im so glad i topped up a couple of weeks ago never worry about the short term increases this is one to sit on until they have quantified the amount of 'ur anus' they have then they can make the transistion to much juicier valuation rewarding the investors for their perserverence as the short term traders have made miniscule amounts along the way due to the spread....

Need to be on this one . Rise today i feel .

Top up again this morning.

sorry to boast just a little, but your money would have been much better spent by being alert and topping up on SOLA this morning!

Cynic, I wouldnt be too sure about that in the medium term.

The figures presented by the company (sola) today are well under Brokers concensus forecasts and were hit earlier on for that reason. The fact that they have come back so well is due to the outlook statement, which is indeed very positive.

BUT.. we will not get details on margins which were erroding at the last results and far more importantly the figures on the 4th 1/4tr cash flow statement and debtor days, until audited accounts are released.

"Something to watch out for I suggest".

Sorry to the thread for getting off vml which as had a positive start to the day.

goldfinger ..... don't care! ..... i trade

I would suggest then that to compare Vane and Sola is a bit misleading, vml being a stock for medium to long term investors in general.

Sola being a traders dream being propped up with very little assets and a great deal of enthusiasm.

That's why I said in the SOLA thread that SOLA would give me a heart attack as it is too volatile. We all know VML is on the steady rise.

do you now! ... certainly looks good at the moment, though o'bought

Got a few more , positive outlook .

Not far from moving up to 22p to buy .

Cynic -d'accord ... l happen to like VML. But its sitting on a spike so sharp Vlad the impaler would have beem quite proud . As it happens it does seem slightly overbought; but considering the recent explosion in the price of uranium due to a dearth of the nasty stuff, l wouldnt be surprised if its own momentum carrys it to 28/ 30p in short term ..Beyond that with what we already know would be absurd .......Long term .lt seems to have a better outcome what with Nuclear power returning in a big way....b/ chance ...@+ J....and what with the next prime ministers brother bidding for Drax on behalf of a German comany ....and the PM letting slip a fewmonths ago that NP would be a neccassity it would seem VML are a cheap route into the sector ....l own a few; but at the 14p level. 22p is a bit heady for me ....mais qui sait huh ?

TFC
les acclamations pour la visite