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.

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?

my view too in truth fliper

blanche .... no thought but will look for you .... hope you have that trailing stop in place with IEC

blanche
I like URA and have been in and out twice they are going to start drilling in June the sp will tread water until then IMO if they get good results it could be a x 4 + bagger if I had some spare I would have a punt. Also look at INDY they have a uranium link I am holding them.

Driver, Thanks for info i brought in @6.7 just a pain about the drop today. I have also had INDY on my stock watch for a we while, but still not made my mind up on that yet. got into vane @22 so onwards and upwards from her IMO. Once again many thanks and good luck. 8-)

the drop (URA) was due to the denial of any t/o talks ...... conversely, recent rise may have been strongly influenced by the rumour of same

cynic
You are correct the sp may drop back a bit more I hope then I may get back in. (URA) that is.

No TA comment this morning.

Must be first for a while.

Whats up?, as the move upwards defied the TA theory?.

Help appreciated.

am (foolishly?) throwing my hat in the ring again as i have also done with TAN .... at least the latter has an RNS to back the rise!

will this be a runaway, with some good news?

either that, or a broken nose as it hits the floor!

well i'm happy that when I sold at 30p from 12p I only sold half...I thought I would have had time to buy back cheaper but it looks like I was wrong so I am happy to ride the other half upwards further :-)

just a straightforward Q with no side ...... would you consider buying more albeit at a higher price than you sold some?

Dynamite
And I feel better about my 29p tip up last week.

Looking at the volume Im wondering if its had a mention somewhere today or this weekend.

Any ideas?.