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.

cynic
This is what has pushed the price higher see below recently from VML, any small find will set these rocketing and that looks possible.


"Our hope is that, if the results of this year's drilling programme are positive, they will be reflected in a re-rating of our shares."

thanks for that even though i am not a holder (at present) ...... obviously hold if you have them, but not the time to be buying i think!

Cynic , if you had only stayed short on the ft . Are you putting all that cash into vml ?

Turned nagative.

Me thinks a few taking profits wanting spending money for the weekend.

ah if only if only! ..... but in any case, no as i would want to see 24 breached and held anyway

All good stuff.

The spot uranium price has risen 136% since starting 2006 at $36/lb. So far this year, the price has jumped almost 20% now at $85/lb.

while what you post is indisputable, commodity shares as a sector, regardless of quality or exact exposure, are likely to get hit by any downdraft ..... there is of course no guarantee that uranium prices will not in themselves suffer a reverse, even if (perhaps) temporary.

cynic
Hard to see it going into reverse just yet when there is still a shortage of world uranium looks like its going to $100 - $150 in the near future.

price is driven as much by sentiment and futures as real day/day demand ..... you could have said the same about copper etc etc

Taking a hit this morning, mind which one isnt.

Well Goldfinger the only blue on my screen is CHp this morning..still VML is hugely in profit still for me and hopefully you:-)
Di

my blue things are both shorts! ...... BFC and Dow, and of course CHP, though i must remember to invest that 0.0025 very wisely!

Well in profit Di.

Yep its a truly red day.. AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAgh.

Just bought 25,000 @ 20.12

That moved the price up 0.25

Price coming back

aldwickk
Was you in or have you just joined us.

Just joined, but i was told to buy this a week ago by !The French Connection but didn't have the cash at the time.

no cash must have done you a favour!

vml going back up again , good for buying and selling . Who gave the brm tip ? a little movement upwards ?

Yes, much cheaper to buy today.