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
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.

I hit a buy order so increased my holding again .

intentionally? ..... if not, glad you don't control the nuclear bomb button; Bush is quite dangerous enough

Cynic , how much would you have made going short on the ft and going away for 2 weeks ? loads !

aldwickk
Welcome aboard if you havent heard this it's a must listen to part 3 Vane is near the end.

James Dines & The Uranium Bull Part 1 with Laramide Resources and Vane Minerals

http://www.minesite.com/webcasts/commodity_watch_radio.html#c412

Part three now available to listen.

http://www.minesite.com/webcasts/commodity_watch_radio.html#c412

fliper .... but my nerves would have been shredded

Knicked this from another B/Board... Evil Ks take on junoir miners today...

have been having long discussions with sensible men - and with the diarist - about the mining juniors. Forget all this stuff about mining mega-cycles. It may well be the case that metals prices remain strong for some years. The point is that equity markets realised this and hence, to tap into investor demand for equity, 2004-2006 saw an unparalleled level of mining exploration flotation's. During those years any story, however fanciful, appeared credible. 2007 is the year when those floats run out of cash. And having been burned once I doubt the investment community will be supportive a second time around. I fear that the mining explorer boom is over. However, since metals prices do remain strong those explorers who have actually found something and are developing it will do very well indeed. But a boom occurs not when winners win but when everyone wins and what is about to happen in this industry is that most players lose.ENDS.

That embolded sums Vane up very well............. NICE.

And remember no more returns to the market for funds = no dilution.