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.

As for its s/p. l feel that a company which is ALREADY cash generative ; and able to finance its MAIN mining programme reg U308 from other ongoing gold opps rather than resort to the usual mining practice of returning to the city with their begging bowls is a refreshing sight; and will stand VML in good stead for the future . ..,,...And what with geiger, an investment vechicle for uranium , stashing away almost 150 k s worth is surely an endorsement for a stock in VERY short supply They surely MUST know the monty ..! .......24p is not much of a hurdle in my eyes ....How does everyone perceive events ? an up , up and away or retracing rapidly back to 20p..@+ J

SuperVane...up, up and away!

Nice tip GF, glad i kept hold of these but i`ve got to admit that there has been many occasions when i have felt like dumping them.
I feel with have plenty more to come now though,fingers crossed.
DB66

on attend et on regarde!

Oui !. Tres vrai mon ami .C'est pourquoi ce s'appelle "la jeu de attente ." Attente de votre moment : le moment tres bon . Cela porte atteinte aux fondements memes de la commerce,,,bonne chance et ne tire pas trop sur la corde . Comme moi ,,hehe rires / a'bientot ..@+ J

I think a fall back before going foward again .

si on etait clairvoyant, ce sera beaucoup plus simple!

fliper .... my view too ...... by the way, that square-headed driver is OK, but i think not for me, though it does indeed seem to hit the ball straighter

A fall back!!!!!!!!!! I wouldnt count on it gents.

Its one of only a few thats gone forward this morning................ NICE.

Well I'm sitting here with a broken leg and ankle and the best thing has been VML...held this from 10p in my share account and just before my dog pulled me over I bought more VML at 14p into a SIPP....at least this puts a smile on my face and I think VML has a lot more to do :-)
Di

Di, you want to take that dog out more often LOL.

Only joking, I know what its like.

Very frustrating, get yourself a few bottles of wine in and get blathered now and again, it does help believe me.

Goldfinger...on too many painkillers..doctors won't allow me to drink :-(

Down today , can see a fall back to 20p before moving on again .

If it falls back to 20p, fliper I'm going to buy LOADS.

so will i fliper 20p and iam in ............LOADS

Dynamite - sorry to hear about your leg.

The only reason the doctor wont let you drink - is because alcohol reduces the effect of the painkillers.

So dependent on the level of pain - you either drink 1 bottle of wine - or 2

Despite the market opening up to a sea of red with the book marking VML down 2p at one moment , the stock has totally ignored this quite moderate correction and powered on ....and reclaimed all losses .... Seems VERY resilient and in desperately short supply accompanied by a momentum second to none in todays mixed bag sell off ...Bought a furthur 100,000 . @+ J

Yes I thought we would see this one down at the close, but no its neutral.

A good sign on a day like this.

Are these up or down, no telling at the moment with the stock watch system not working.

The last buy was 24p so it looks like up 2.2%

Good stuff. Cheers Driver.