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.

Look to future profits, :-)

Uranium supply will fall short of demand over the next decade
Concerns over shortage of oil and gas with resulting high prices in these fossil fuels, along with environmental
issues regarding greenhouse gas emissions, has fuelled a new interest in nuclear energy as the source of
power to meet current and future global demand for electricity.
New supplies of uranium will come at a higher cost which, in turn, will continue to put upward pressure on the
price of uranium.
Nuclear power provides nearly 17% of the worlds
total annual electricity generation and 34% of the
European Unions needs. France receives 78% of its
electricity from nuclear, Belgium almost 56%,
Sweden close to 50%, South Korea 40%,
Switzerland 40%, Japan 25% and the United States
20%.
In Asia, nuclear energy is an increasingly important
source of power.
Korea is expected to increase its dependence on
nuclear power up to 60% in three decades. The
country now operates 19 nuclear reactors.

Did anyone see any BUY trades go through today at less than 30p. Money AM had a few but wondering if they were actually SELLS. i ask as i had a limit order for 30p and it wasn't actioned.
Alex

Rob
Bought 4950 @ 0.2995 Timed 10:03 today
Jas

thanks Jas, i feel a complaint letter coming on
Alex

Jas,
did you purchase online or by phone - if you dont mind me asking.
Alex

Alex
Online
Jas

All u308 stock nosedived today .lts not these piddling tiny trades dragging the s/p down; but rather very short term "shorters" entering the lists / fray. And when you take into consideration VML s/p has jumped by almost 35% who can blame them ?.Now top shorters usually work on the principle of an exit after 60% of a gain of 35% has been wiped off the board--which equates to about 6p in this instance . So l can see my entry target of 25p being quite possibly achieved .Thearby giving me the oppertunity to strike like ....errrrr ....hmmm lightening...Yup thats it , Lightening .,,,,,,,,,,,,,Then the thunder will come . ,,,,,,,,,b/chance a' vous .Faires attention ! a/b @+ J .... OT /Rob Perhaps it wasnt such a bad thing you didnt trade at 3op as you will pick these up later much cheaper. But its the principle. And i personally would complain vociferously and demand the matter be rectified . After all you dont want it occuring again !!!!! and again .!!

I am in in a smallish way buy now take your info to heart and want to go in heavy
These message boards are always stressing DYOR and sometimes are finding it very difficult to get more than RNS etc.
Can some one advise me where I need to go to complete my researches.
I thank you all for your advices

have just banked my profits at 28p, a level i was lucky to get ..... traffic all one way and i fully expect to buy back cheaper .... nothing wrong with the stock; it's just that it's had a strong rise anyway so profit taking is due, and the markets in general are very weak.

Exactly what I said the other day when I sold for 30p Cynic...I'm hoping to buy back at 25p or less
Di

and here's a chart i did a little earlier! ......



sp has previously been supported by 25 dma; rsi is now falling back from being serious o'bought ..... as lovely Ms D say, look to buy back @ +/-25

Becoming a volatile little devil.

Cant say it really bothers me as a long term investor, no doubt theres a lot more ups and downs on the way over the next few years. Give me a dull boring asbestos remover or a lawn cutting stock any day LOL.

goldfinger
I agree I should have waited before topping up the other day at 29 but this can rebound sharpish with a drilling update that we are waiting for so not bothered.

driver ..... i would not disagree, though i have temporarily taken my profits both here and on UMN

There now seems to be support @ 28p

arguably, my profit-takinhg was premature, but i thought the markets might be in for a jolt .... in fact that did not happen, or at least not yesterday!

The clever ones got out at 33/34 and are now getting back in around 28 . I think it will start to head north again .

well i'm dopey and greedy so did not take profit until sp came back to 29 .... was still a good profit and shall keep watching with a view to re-entering + also UMN

cynic , any profit is a good profit .

Cynic Sorry off thread but what are your thoughts on URA. Down today but must be more to this company than just bid speculation?