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.

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.

PT .... your much more sophisticated charts greatly appreciated .... thoroughly agree that it is serious touch and go for the direction of the sp ..... did i perhaps panic out too early (well i shall be in Spain golfing for the next few days, so wanted some money off the table anyway)?; we shall see ..... actually rather hope there is a solid recovery even though i switched funds into UMN which is already showing a nice 500 profit to offset just a smidge of the wallop i took (crystalised!) here

Have a nice trip Cynic and enjoy the golf.

At least you have your profits from SOLA to mitigate losses on VML.

It may transpire that you acted correctly in closing when you did, if the SP isn't supported by the trend there isn't much between here and 15/16p from a TA perspective in the short term, although should really look at a longer term chart and see where historical support lies.

pth

thanks PT .... RTR contributed even more!

CYNIC Whatever you do dont forget your flak jacket, protective helmet and box ( metalic armour optional ) .We cant have you happily ambling through the knee length rough whilst rogues are happily slicing / hooking /pushing projectiles in your general direction . Your last expirience sounded morelike an assasination attempt . .................And to think i used to think golf was a rather stationary pastime intended merely for pensioners who had a rather bizzarre taste in attire . Reading of your antics it appears morelike a game where you need bunkers for protection ! .Enjoy ,,,,,a'bientot...@+ J......oh to be on the first tee, driver in hand watching you strolling up the 18th . Range 200 metres and ,,,,,,hmmmm lol ...(Juste joking )..

may be in conatct while away .... fromage dure!

Toujours frais, quand meme :P

LOL..... its great to see the banter between cynic and TFC.

Have to say you two are brilliant entertainment........ who needs TV.

Think your both a swell pair of guys, please keep it up.

regards me.

seulement frais apres mon bain annuel! .... maintenant, parce que nous sommes en mai, peutetre plus comme du chevre!

Recently came into this share and good to see some familiar names on here from CHP threads. Topped up again today at under the 20pence mark so will be interesting to see what happens going forwards.

Seems like a lot of potential in medium / long term.

Also had a small top up, better than my last one at 29p still early days.

u will either be getting at the bottom of a rally or at the top of renewed weakness .... the jury remains out, but it concerns me that sp has not rallied today ...... by the way, so sorry to hear it ius raining in UK ..... mid 80s and sunny in Spain .... eat your hearts out kids!

cynic
Get on with yer golf.

others don't arrive until tomorrow ..... lovely hotel up in the hills; views for miles ..... quite funny story attaching which i wouid gladly share over a drink