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.

Greyhound
I agree a bit of over reaction in the sp what did investors expect got the uranium out milled it sold now in loads of profit, its early days be patient.

It expects vigorous exploration and development in the coming year supported by its strong cash position.

Vml are on a good position IMO a good top up opportunity.

Di,

"was the best opportunity this morning I wonder?"

I suspect we could fall further yet but I'm often wrong.

To me it all depends on your time horizons - if you're going in for the long (or even medium) hall then it's not so important whether it's 22p or 26p.

From being a convinced 100% long term VML holder I've had to adjust to being partially a trader, not because of any difference in how I see the company, just acknowledging the impact of all the hot money which this share attracts.

I'm happy to wait for a lower price because I suspect there may be more downward pressure to come. But if that doesn't happen, then I'm happy just with my reduced holding anyway. I want to think about Diablito a bit more too.

Good luck with the physio. Hope your bolted leg will prove sound. (My brother has a number of bolts in knee and leg but seems to enjoy his skiing enormously.)

I won't bore everyone with my rather mundane ankle and knee problems (just had an arthroscopy on the knee) - just want to get back to playing tennis again! But actually Greyhound is right, my enforced idleness has led me to spend a bit more time with my investments!

Cheers, Madison

Sorry chaps and chappesses but the bullish pennant I posted has failed. Will have another look today or tomorrow and post an updated chart. Actually Cynic there should be support at this level, if not the recent trend is also broken and time to think again.

pth

the support is still (just) holding so keep fingers crossed ... in fact, closed at 25 and that was same 10/15 mins before "silly auction", so not unencouraging

In my humble opinion, i think this stock is going to be fine. Off the low of the day, after all who really bailled, Half a dozen reasonable sells. Even that was balanced out with Buyers. This will creep back up over next couple of weeks. 8-) Good time to buy. IMO

I am not worried. This management is very sound.

Further to my last post; tomorrow is key to recovery or further falls from a TA perspective. There is another possible bullish pattern developing, but will take a closer look tomorrow.

Uranium 308 is by its very physical nature a very volatile metal. As it seems are the companies that chose to mine it, Look at Wealth minerals which yesterday issued an RNS and it shot up from C$2 to C$ 6.10 dollars in a session ( EJZ on Frankfurt ) ..........This company is not an SEO or CHP .This company shot from 22.5 to 34.5 and working on my "shorting" stategy of NEVER shorting more than 60% of a companies sudden rise which in this case amounts to 6/7p and the 26/27 level, i picked up quite a few today. Also market fretting on on the supply /demand of U308 moving from 5 -0 to 0-04 and a mere 550 ,000lb order pushing the price to $113 p/lb from less than $100.......Also with so few shares being pursued it was inevitable VML would fall foul of mm games and volatility ...............As Dynamite says its all patience. Thats all. . ,,,,,,,U308 is the future . lf it wasnt over 500 new u308 companies wouldnt have appearred overnight. .......@+ ..J

Dynamite . Awfully sorry to hear of your appalling injuries . Genuinally wish you a complete and speedy recovery On occassion words can sound but hollow and but mere plattitudes but what i say is genuine and well meant ...,,a/b ...@+ J,,,,,

Thanks TFC..and just think all I was doing was taking the dog for a walk on Valentines Day in between Day trading. I bought the dog to make me leave my desk each day!! I still love her though :-)
Di

topped up @22.9p nearly bought @28p y/day but for a computer glitch[lucky me]
Alex

This is looking cheap again in my opinion and plenty of investors waiting in the wings to snap up stock. RSI at its lowest for some time as well.

Still waiting.. I don't think we have seen the end of the downside yet and I have to go out for Physio in a moment.. I suspect VML will still be going down when I get back so I will wait some more to buy back in.
Di dyor etc

23 to buy was a good price to top up .

Yep, topped up at 22.8. It'll be interesting to see whether we get any delayed trades at the end of day.

I also just topped up @ 23.24

ditto

I topped up at 29p :-(

don't worry so did I! Still feeling it will come good. As TFC said the Uranium price is so volatile to start with. Perhaps in a couple of months we'll be in the 40's or 50's or the swinging 60's even!

Sold all mine @ 22.5 ................ only joking LOL