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.

Lots of sellers , if it goes to 22p , its fill your boots time !

well Fliper the spread is too wide for me at the moment so I am still waiting to buy back...I still don't think the time has come yet though!
Di DYOR etc

certainly 22 is a pretty twitchy level and needs to be monitored carefully

I'm ready to twitch Cynic but I want to see signs that VML has stopped dropping first and my VML screen is all red and TA is still negative.
Di

The mm move the sp around during the day , a set buy order may get them at the right price . Buy at ?

Are the 22.70 a sell or buy ? could be a tight spread ?

I would say they are purchases fliper

Thanks grey , it looks like a tight spread after all .

Vane Minerals PLC
08 May 2007

8th May 2007


VANE Minerals Plc
('the Company')

Result of EGM

The Company is pleased to announce that all resolutions proposed at the
Extraordinary General Meeting ('EGM'), held at 10am earlier today, have been
duly approved by the shareholders of the Company.

As previously announced, the EGM was convened to seek the authorities necessary
to approve the raising of 1,000,000 through the issue of a fixed rate unsecured
convertible loan note to Geiger Counter Limited, as announced on 12th April
2007. Further to this approval, Geiger Counter and City Natural Resources High
Yield Trust Plc have also undertaken to exercise their conversion rights on the
existing 750,000 loan note into ordinary shares of the Company at the agreed
price of 12p, as announced in September 2006.

A drive foward wednesday ?

or a real banana slice to clatter into some poor old codger (now late) harmlessly ambling his way up 18!

cynic , something you want to tell me about your game !

yup .... i like bananas too ... or i did until i found myself the exocet target of a vicious slice off the 1st tee!

i think this share needs to be put on amber if not red alert ...... signs do not look at all good to me ..... see my own simplistic chart on post 1797 and PTH's much more sophisticated one on post 1832.

took my own very nasty medicine (queen1 should note!) ...... have just sold out at 20 with a very nasty loss ..... but to quote myself, the bullet is better bitten and the money extracted for reinvestment elsewhere ..... anyway, serves me right for allowing my greed to sucker me back in here when i had already taken a good profit ...... stupid boy!

You may be right cynic but I'm not so overly worried here - yet! I still think the medium term holds good and a bit of consolidation around here is a good thing.

Well I'm still waiting to see whether I buy back or not...at the moment I see no indication that the drop has stopped and reversed so tick tock and all that.
Di

Seems to be unecessary panic going on here but then again short term traders will be hurting.

For the longer term investors like myself, no problems at all.

The projects will develop funded by Vanes revenues from the gold assets and a helping hand from guiger and returns will come to those patient enough to take the long route.

Well said Goldfinger.

long term or short term, the length is broadly irrelevant and a matter of degree, but the investment logic should be the same ...... IF VML had been performing or IF sp had not fallen through certain key chart levels (that's what i tend to use; others have different rules), then i would have stayed put ..... as it is, sp is looking decidedly sick for whatever reason, as it has been for a couple of weeks, and the pruning knife is best wielded sooner rather than later or hanging on in the often vain hope that all will be well soon ..... some prime examples where lack of pruning has cost investors very dear indeed are CHP, SEO, VOG, EME, JSP, ACG and so on and so on ..... i will grant that just SOMETIMES Lazarus rises from the grave!