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.

"often vain hope that all will be well soon" said cynic.

Usually buy and hold for 3 to 5 years myself cynic, a business does not flower overnight.

I accept the gamblers amongst us may take your words to heart and dump.

As for the present SP and chart levels, that means virtually nothing to an investor, as its the underlying value and assets that Im looking at.

Nothing fundamentally different to this company than there was when it was trading at 31p a few days back.

No panic from me.

Well said GF.

Long termers can look at the 200ma:

Goldfinger...I try to hold stocks for a long time but dip in and out as they go..for example PDX I bought at 36p sold at 86p bought back at 60p and sold at 140p and so on up to 220p and then at 180p on results back up to 2 something. Then I stayed out of that share until at 70p I bought back again...unfortunately I sold at 160p which was too soon and am currently out...I've been in and out for 4 years with PDX. KMR I've been in for 4 years and no selling... GFM in and out for two years and currently holding from 66p upwards.... to my mind VML is another one that I shall dip in a and out holding lots of shares when the going is definitely up and a few in uncertain times...the long term for VML is up as it stands now but you always have to be prepared to jump ship altogether.
Di
Dyor etc

Ms Di .... you and i seem to share broadly the same strategy ..... my self-imposed discipline (not panic) persuaded me to sell ...... i did not intend to imply that VML was a crap company, though certainly some of the others i listed may not even be that good! .... however, i still hold that (my) VML money can be better placed elsewhere for it is far from unlikely that 200 dma will not be tested, some 5/6p below my selling price .... at that time, or if share sentiment changes for the better in the meantime, i may well come back in

Yep your trading Di and it looks like you have traded very successfully but if you had stayed with those shares and not incurred the cost of getting out and back in and ditto and the underlying value was still there, its my guess that you would have made an even greater return holding for the long term.

Im not talking here about keeping hold of dogs.

As soon as I see a company I hold that hits bad news Im straight out, no problems, no emotion attached I just get shot. A shares not your freind.

Theres no looking back.

In this case with VML the short termers TAers will make reference and continued reference to the PRESENT SP and its collective action on the market and their chart formations.

What they are not looking at is underlying value and a live SP will not give you any indication of that. They believe the collective market is right and take appropriate action. Taken to its extremes thats why chartists where still ramping up tech stocks in Feb 2000 when their charts were telling them that stocks were a screaming buy but underlying fundies were showing anybody buying was completly insane. We know what happened in March that year.

What they fail to see is that the market is more often than not WRONG and that is why individuals can outperform time and time again.

I have nothing against short term traders and yes a small percentage (5%) can make a living out of it, the rest fall by the way side.

Anyway off my beer crate and back to VML.

Theres nothing fundies wise any different to this one than there was when it was 31p. I continue to hold with confidence.

seems that GF and Di and even myself have strategies that are not really that dissimilar ..... in this instance, VML came up with a drilling report that was rather less than thrilling and that started the slide .... it then becomes a pretty subjective view as to what the underlying value of the stock could or should be ...... does one dare use SEO as a parallel? ...... i happen to think that company is total rubbish and sp reflects same ...... clearly some have continued to hold on and on and on and on in the misguided (imo!) opinion that resurrection is just around the corner

Bravo g/f . MY sentiments echoed: but in an abridged version ,,lol Give me fundementals over chartism / T/A ANYDAY ! .....lm in again today. Cant resist 21p and a few for my g/f at a tad less @ 20.35 . Albeit an inveterate trader there are certain shares i know will shape and form the future.......Have no doubts; Without U308 the lights will be going out ..5/6ths of the world is yet to enter industrialization as we know it .With a dearth of fossil fuels and the proven inadequacies of cellular/ wind/solar/ bio/ thermal/ and even ethanol which decimates land for food , the only clean power is nuclear......Never thought id get these at such a low price .....@+ J......Also it is worth bearing in mind U308 is but only one part of VML s portfolio lt also has decent gold and silver acreage

Cynic...I made a lot of money on SEO 4p-26p but instinct told me to get out....
GF...I bought VML at 12p and 14p and got out at 28 and 30p now i'm back in at 20p....this cost me peanuts to do and gained me alot of profit I wouldn't have otherwise have gained. Cynic I hope you haven't sold out at the wrong time as you have gone the opposite way to me!
Di

Oh yes and all the MM's have gone blue so we are likely to be in for a good rise now I think
Di

we can but hope Di ....

Starting to turn blue , the price was to good to miss .

Di,

good stuff, but Im talking 5 years on from now or more.

may have done Di ..... can't tell, but had already put the stock on amber/red alert ..... had i not (foolishly) bought back in near the top, i MAY have been tempted to buy at 22 or even 24 (both were technical support levels) and would then prob still be holding.

anyway, no crying over spilled milk and certainly better to adhere to discipline and sometimes get it wrong than to be smashed up through failing to act (done that too!)

actually wonder whether or not UMN is currently a better bet

true, although of course technical analysis is not always true (and I like to look at it too) and all too often you see false breaks up and down triggering by stop losses etc. Good game! I'm not saying this is necessarily happening here.

There should be quite a good bit of news flow coming up for VML over the next few months having looked at the year end results.

I expect this may interest the speculators again, but it really is all about the long term and future energy supplies as TFC rightly points out.

no doubt i shall be back in eventually as i think its a pretty good company .... should i have stayed put? ...... who knows, but on that analogy, should arguably not have sold VOG at 89 on the way down as the company seemed to be sitting on huge reservoirs of gas/oil .... clearly they were not!

Just had a look over the pond on the board I dont visit now.

All the same old names there, the speculators with their TA manuals and CFD SB accounts. Its credit and the withdrawal of credit that is deciding on the course of this one at the moment and certainly not company fundy/progress reports (which I believe have been what was expected at this stage)

At some stage they will find a new toy and move on until destroyed by a Bear market.

Seen it many times over the years. The credit just comes in a differing wrapper each time.

Level 2 prices moving in the right direction .

How's that then?

Needs to bounce here or hereabouts.