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.

I agree with you Madison, the CGT arguement is one that is being banded about. I am looking closed at a chart of the FTSE AIM, it gained 30% from Aug 04 to 21 March 05. It does not suprise me that since the 21st it has dropped 7%. Though is does suprise me that it has done so in just 6 trading days, I was not expecting such a rapid correction.

Good news from Vane should recover some of our losses especially if it does anything what Reefton mining did on the announcement of a Uranium discovery.

Tallsiii

Vane mentioned in the FT this AM. Anyone know what it says?

Cheers, Madison

From the FT:

Vane Minerals, a gold exploration company, benefited from current investor interest in nuclear power when it unveiled a diversification into the uranium market. On March 7 the group said it had acquired several North American uranium projects, pushing its shares up sharply.

Vane stock had been trading about 12p for some months, but rose close to 17p after news of the uranium deal.

The shares have since risen further, to above 20p, but whether this is because of uranium or its gold projects in Mexico is not clear.

Thanks tallsiii.

is thgat for real?????

Yeah emailed them a few days back, just checked my email this morning.

You can get there email if you goto there website.

http://www.vaneminerals.com/

If it is then it sounds good to me!!!
wilbs

sorry, not questioning your integrity but have seen too much in the markets too long and don't always take everything at face value...i appreciate you not taking offence!

Am sure what your trying to say, I emailed them asking if they could give me a date for there news release about Uranium and thats the response I got back. There is nothing in that email that everyone doesnt know already and you are free to email them yourself and see what you get back.

just really appreciate your post and follow ups. cheers

Im on board today as well....good luck all holders...

Pretty much all blue today for Vane.

Although Shares didn't comment on VANE this week I thought one of the headlines summed it up nicely: "If you want to jump in on a stock relatively early in the value curve, buy into exploration companies with decent licenses but relatively underdeveloped resources."

Quiet on here today. Let's hope it's the lull before the rise.

Cheers, Madison

let's hope so, all buys today (98%) albeit low volume

Nice and stable, like I have said in a previous post I think releasing an RNS a few days before the end of the financial year would be bad planning and I think we can expect some news middle to late next week.

Some interesting buying this morning...

Ian, something up with the bid price (0.00) on the live stream?

Cheers, Madison

They seem to have fixed it now. It looks to me like 100k of the buys were actually sells.

RNS should be released soon, last day for people to sell and save on CGT. There should be at least 2 sets of news coming out any time now  This would be a good time now to jump on board before the people start buying back in. This has been a very stable share recently while others have really gone south, always more buys than sells.

Up 3.53% now

Yes a anice move positively up this afternoon.

cheers GF.