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.

Moving on upwards today.

Yep ................. NICE.

From my vantage point the picture is as rosy as it gets . U308 production paints a rather gloomy picture what with demand exceeding supply by 52%.. This defecit will only be excerbated ( what with the large volume of new / planned nuclear facilities in varying degrees of completion ) coming into production during the next decade-- 69 to be precise .......................................................................................................................................... Very soon i see nuclear facilities from everywhere in the world bidding at giant auctions for this stuff they call yellowcake ( not sure why as U308 is a silvery white ).......THEY will determine price . NOT futures Traders ...............................As for VML ? l think Geiger gave us all the signals and justification we need . lf we are a t/o target then so be it . VML have assayals of which i have not seen the likes of since Cigar Lake ( Finished ). But whoever buys this company there would have to be nice fat premium ........its a non brainer to me so have 5x norm invested -only surpassed among smallcaps by LUP , AFR , KSY...........Face it - Cheap low sulpur ,sweet, "Loisianna red" doesnt exist anymore / Ghawar is in perilous decline / and most of OPEC qouatas ( even those of SA ) are made up of thick heavy hi sulhur crap we cant even refine ,,,,,,,U308 is the FUTURE !!!!!!!!!!!!, ......................lncidentally have a look at Bayswater Uranium Corp ,,Ticker - BAY trading on thw TSXV,,,,,,,,,,,,,,lts prospects are awesome.....But mining in the shadow of other heavy producing mines is Falconbridge , Aurora Res and Universal Uranium/ Silver Spruce ...........By tommorow i will have positions in all 3 of the 4. Already hold BAY...@ J

Many sites which have heavy cocentrations of U308 such as Olmpic dam which produces 9% of global supply and Rios Rossing pegamite site in Namibia which produces 8% of the worlds needs also have a tendancy to produce other metals ......eg ,,Gold , Silver, molydenum , ,Copper , Florite ,arsenopyrite and acts as a host to a vast range of very valuable, very rare , light earth elements ,plus lron oxides ......As one would expect sandstone hosted U308 deposits tend to yield large amounts of carbons.........Nice ...................Now that Cigar lakes mine infrastructure is flooded and prob doomed for years ( was expected to serve USA supply for 10 years ) other U308 sites are expected to be snapped up by the Americans, ......or small juniors grow themselves into monoliths ,,,,, For from small acorns do great oaks grow . .......@+ J.. ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,...............................................................................................................................................................................................................................................................................................................................................................................A little selling pressure at 33.5p / 34p but weak,,,lndeed Aldy called it right . A double bottom acheived. Ladies and gentlemen . Prepare for take off... Fasten dem seatbelts ,,,....................U308 spot -$113 ,,,,But six months delivery is $142.p/1b........

(_*_) (_*_)

Just a few thoughts on VML and why I believe the increase in SP will continue. Historically I had a look at the ascending triangle, which broke out perfectly as the text book.

The SP is now forming a Bullish Pennant, again as per the text book. If the pattern completes and breaks out, the next move should be a similar rise to the one that preceded it. Perhaps somewhere in the region of 10p, indicating a rise to 40-41p.
The essential indicator now is one of increased buying volume which will confirm or not the next breakout.

pth

PT ... please enlighten me re pennants, as it is not something with which i am familiar ..... i don't disagree with the next move being signalled as upwards, but why to 41 - i.e. straight through the all-time(?) high at 34?

cynic, you nothing to do either! Think it's to do the the height at the start of the pennant signalling the potential break out...but my head is still fuzzy so don't quote me!

d'accord completement ! Not disimilar to t/a chart @ its past hi of 24p - retraced to 22p ...Formed very similar signal lines ,,,then take off ,,,.Not disimilar to recent hi of 34p has retraced a little to 30.25 .......hopefully next stop ..........41/43p ....... / @+ J ,,,Nice one PT OT lncidentally i have learnt more about fish in the past week than in 36 years lol .

fish? ..... love it .... would not where to buy if my local fishmonger closed down .... can't envisage having to buy from supermarket

cynic
You should try Borough market load of fish cheese bread and plenty more I was there yesterday a great day out.


http://www.boroughmarket.org.uk/

that's a hell of a long way from Marlow!

cynic
Worth a visit if ever youre down this way.

it's miles n miles n miles whereas i live and work in marlow so shop on a daily basis

If thats Marlow Buckinghamshire its not that far.

it is if you don't work in the City and if you want some fish for that night!

cynic
Youre have to oil the wheels on the old wheel chair and get out a bit.

Cynic

The measurement of the breakout from the pennant is predicated upon the previous rise. Essentially the pennant is said to be flying at the halfway point of the move and generally will duplicate the previous move. I concede that the measurement of the move can be somewhat subjective, it's supposed to be the distance from the original breakout point (23p) which is then measured from the breakout point form the pennant (probably 31p). So we arrive at somewhere in the region of 40-41p; could be less though.

pth

Chaps, TFC's reference to fish is all to do with KIO - heavily involved in fat, 'attractive' fish. Fascinating subject once you start to do some research. Long term hold with little downside and signficant upside - rampity ramp!!

pth

How about an attractive camel?