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.

VANE MINERALS (VML)

Up until the end of 2006, Vane's share price was struggling to get into double figures, even though the company had started to...

1 | 11 May 2007 | 922 words | Investors Chronicle



It is true, dont have a subscription but here is proof of the article.

The IC article:

Up until the end of 2006, Vane's share price was struggling to get into double figures, even though the company had started to mine silver at its wholly-owned Diablito narrow-vein mine in western Mexico. Then, in December 2004, when the price of uranium was at $19 a lb, Vane started to peg uranium stratabound acreage in eastern Utah and south-west Colorado, and higher-grade Breccia pipes in northern Arizona.

Following accidents at Chernobyl and Three Mile Island, uranium had become an unloved mineral. But now, with improved safety and zero emissions, uranium has hit the global warming jackpot, with a price well over $100 a lb. The US currently has over 100 nuclear reactors providing a fifth of its electricity - and substantial new nuclear capacity is expected to be in place by 2020.

However, it is the Breccia pipes that could make Vane its fortune. It has 32 targets to explore and expected 1 per cent grades would be the richest in the US to date. Preliminary drilling down to around 1,500 ft has already started.

ORD PRICE: 23.5p MARKET VALUE: 34.6m
TOUCH: 23-24p 12-Month HIGH: 32.5p Low: 8p
DIVIDEND YIELD: nil PE RATIO: na
NET ASSET VALUE: 8p NET DEBT: 0.5%

Year to Turnover Pre-tax Earnings Dividend per
31 Dec (m) profit (000) per share (p) Share (p)

2005 0.29 -985 -0.60 nil
2006 1.59 -872 -0.61 nil
% change +448 - - -

Last IC view: Buy, 9.75p, 22 Sep 2006

The share price has doubled this year (from 13p), although it has recently slipped back a bit. A speculative buy.

Evening all.

I think we have found the floor at the 20p level and should see the price rebound to 25p+ over the next couple of weeks.

The near 40% fall since last week's results has been well overdone as fundamentally nothing has changed in the companies prospects.

Onwards and upwards from here IMO.

I have held this stock since May '06 and the next two or three months should be very exciting with further drill results,the outcome of strategic review and possible listing on Toronto Stock Exchange on the horizon.

,,,Mes Amities / Slt ..........This is Radio Free France calling / Over .....Not surprisingly the price of a pound of U308 jumped this week to $120 . Perhaps, more importantly, the trading of U308 futures in monthly contracts commenced on the NYMEX this week.{ Ticker UX }.....................................................................................................................................................................................................................................Thus Thus far contracts have been trading at around $140. The contract size is 250lb and trading is a 24 hour affair with a 45 minute break between 5-15- 6-00 PM . Not unlike many of us, the "futures" boys can see the same ultra rapid growth in the Nuclear lndustry.And with such a demand for U308 i think it would be logical to assume our mining companies will be taking optimum advantage . And with good reason. l know its difficult but humour me and read on .... ...........................................................................................................................................................................................................................................l . l have juste returned from yet another fossil fuel {oil & gas } seminar/ conference . l dont know why i go. As each one paints a progressively bleaker worsening,more chilling global vista reg oil than the previous one . . Each conference serves only to re-enforce a view( or an obcession, as my friends say ) i have held since 1998 s after a chance meeting with financier and funds manager , Mat Simmons ,who champions the concept of "Huberts peak " ..lf not yet dead the oil industry has certainly been dethroned. ln fact it is on a life support machine . For example ;Brent crude prices which are used to determine the price of 67% of global production reluctantly released figures showing a 7% decline in annual production . As for OPEC . lt is no more than an irrelevant impotent talking shop full of sweaty irritable Arabs ..EVERY single member barring Venezuela fails on a regular basis to meet their "set" quotas leaving S/ A to meet contracts but with sour high sulphur crap which neither Euoropeon or Yankee refineries can ACTUALLY refine . . As in 2000 when i wrote on MF that oil would triple in 5 years i now predict that the 42 gallons of hydrocarbon we call a bbl is rapidly looking very VERY cheap at $65/ . l forsee after American driving season is over and winter arrives oil @ a mininum of $120p/b and $140 within a 12/18 months time-frame . 90% of known proven fields are in rapid depletion .The rotary count inc. workovers is so tight at 96.8% that many oil expos like FOGL and DES have been waiting 2 years for a suitable rig .. Any expert will tell you the "North sea " is a waste of time . Shell lied seven times reg its reserves as did B.P. WHY ?? More importantly ,Aramco ( Saudi Arabian national oil company ) maintains it has 267 bbbloes of reserves. Yet it stated the very same amount in both 1978 and 1995 YET it has found no new oil !!!. Ghawar is dying day by day. This once proud field discovered in the 30s and estimated to contain 67 bin bls of sweet crude has already produced 64 billion of those bbls..lt once produced in excess of 250,000 bls p/d without stimulation but is now reduced to the most destructive of drilling techniques namely bottle brush drilling and water injection .And two weeks ago after injecting 300,000 gallons of water through the field it produced exactly what they pumped in --WATER !! Many believe that once Ghawar dies the world dies with it . Elsewhere /. .Much lraqi oil was contaminated by Ceasarium tipped American missiles ( tankbusters ) in the 2nd gulf war and both Kirkuk and the Dome is morelike a 6 mile swamp of thigh deep poisoned oil ;Production from the Hurricane hit Gulf of Mexico is still only 60 % of 2003 output . Nigeria is being ripped asunder with insurgets smashing the pipes carrying oil and setting up thier own mini refineries deep in the delta and onshore workers are kept in army protected compounds more like a gaol . A scenario much the same in Angola and many parts of oil producing Africa . . . China and lndia are both buying every half decent junior oil expo/producer it can lay its hands on after both their respective oil ministries admitted demand would grow respectively by up to 10.2% and 13.1% p/a for the next five years . ,Russia is after re-nationalizing its energy sector and why not ? Putin uses it as a political tool anyway . .As for lran ? lf it responds to sanctions by refusing to sell oil then the price will hit $100 OVERNIGHT !!!!!. They ALREADY refuse payment in petro dollars and require reimbursement in a basket of currencies inc the Euro , the Rouble and the Yen and Yaun . ,. ; and the list goes on and on as does the insatiable global thirst for oil which despite "official" stats shows annular demand growing @ 8% . ,,ln short the notion of meeting such supply is utterly absurd . lmpossible,.ln the 19th C Prof Malthus once said population increases geometrically but food only arithmetically. The same can now be said reg . OIL !!!!!,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,As As for alternatives .Yes probably one day we will all be driving hydrogen fed cars and have our domestic energy provided by solar and cellular power .And given another 20 years research , the raising of trillions in capital and development , the plethora of hybrids probably will meet an element of demand for energy BUT for whom ? Theres the rub . . But never will they meet the projected global demand for energy by 2020 .NEVER . Even these new fangled nano tec based silicon wafers which measure but a hundred thousanth of a humans hair that will replace the combustion engine one day, juste as canals replaced turnpikes which in turn were superceeded by railways and then by moterways. BUT NOT YET !!! .....For while they still produce merely 2/5th the effiency of hydrocarbon they are too costly and a long way from achieving their goal of replicating the effiency of hydrocarbon . ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,And And yet the very answer lies in our midst . Nuclear.,Love it / hate it but we have come a long way since 3 mile island and Chernobyl . My own country produces a tad shy of 80% of its energy from this source .lt is both safe and clean with no noxious emmissions.. And while i do not wish to be a harpinger of doom - ....Without U308 we will re-enter the medieval days of robber barons and surfs living in caves or wooden huts and permantly searching for food . . And worse still - A world of resource wars which have already began . According to one delegate who happened to be the Vice president of the lranian oil corporation the third world war has already begun . lts juste we havent realised it yet ,,,,,,,,,,its yet to spill over the borders ,,,,,,,,,And now with S/A saying it will enter lraq to protect the sunni muslims from lranian backed lraqi shias and lsrael itching to nuetralize lranian enrichment of U308 , the supply of oil is looking more precarious by the day ! ......King oil is dead , Long live the new king -U308 !!!! ,,,,,,,,,,,The Arabs have a popular saying . ,,,,,",,,My father rode a camel . l drive a Mercedes . My son flies his own jet airliner . But his son shall ride a camel ................."................................Faires attention . / bien amicalment ...,,,,,,,@+ J.

ln addition after spending all week scrutinizing and number crunching VML s assaying results l must admit i have never seen better than the 1% per mln parts coming out of the USA . Even the doomed cigar lake project was not as prolific potentially . Geiger make U308 thier business so why should such a well respected outfit convert thier 1 million loan note into common stock as did other investees ....l dont think you need an answer .................But i will wager VML will be back at 30p within a matter of a month or so ...slowly but surely ......b/ chance ...@+ J.....As well as VML i also have positions in a few Canadian plays inc Bayswater Uranium trading at $1-36c. lts scale of acreage in proven Northern Canada makes it a good % play ............

Thanks TFC for that! Give us a warning next time so we can get the required refreshments in place before we begin reading!! ;)

At last a bit of blue.

FTC - much more succinct is the jewish version, for we are mean with words too, of "clogs to clogs in 3 generations"

Yes...looks like VML has well and truely turned upwards and I managed to buy some more in the first minute of trading today so I'm now back in from 20 and 21P...patience is all that was required.
;-))))
Di

well done Di .... u got it right and i was clearly a chicken, but 20/20 hindsight is great stuff

Thanks Di for posting the article from IC today...rated Vane a BUY. I will delve in again.

I thought the IC came out on a Friday?????????.

How did you manage to get the tip thursday?. Or is that being a little nosey.

It all helps mind.

Yes Aldwickk,VML does appear to have some chances of further uranium strikes.I think that in the case of uranium it is far easier to get accurate quantitative readings using geiger counters etc,as compared with other metals.They can even detect radioactivity from the air,using technology from the Iraq WMD surveys.So if you see mention of potential uranium deposits you know it is likely to be correct.

That's a good point, regarding the surverys.

To subscribers it's available online I believe on Thursday pm.

GF ... don't subscribe to IC but someone on the other side obviously does so I copied the article they posted.
Di

Well done Di.

A lot seem and that includes the IC, that one of VMLs biggest assets is the agreement it as with this outfit and the access it as to the database....

Freeport Agreement Extended to June 2007


VANE Minerals ('VANE' or 'the Company) is pleased to announce a further
extension of its exclusive agreement with Freeport McMoRan Copper and Gold Inc.
('Freeport'). The agreement, originally signed on 1 October 2002, has again been
extended by a further 12 months to 30th June 2007. Under the terms of the
agreement VANE Minerals, through its wholly owned subsidiary AVEN Associates
LLC, has exclusive access to Freeport's global exploration database, excluding
Indonesia, containing more than 7,000 files dating back to1907.

The Freeport files have been preliminarily examined and several potential
prospects are currently under evaluation. The opportunities arise where targets
become viable by application of new metallurgy, advances in geological concepts,
changes in metal prices or other technological advances.

The files are also an important reference tool in evaluating opportunities
brought to VANE as potential targets. The database provides invaluable
additional information on local geology, prospectivity and historical work
undertaken on projects located within relevant geographical regions.ENDS.

Im hoping they will extend again come June.

Posted on the otherside.

Martin C-J - 10 May'07 - 18:00 - 4656 of 4670


Had a long phone conversation with the company today. They are as upset as I am at the current retracement and felt it was overdone. They did think that the recent drilling results were taken far too negatively, and had every confidence that more Uranium would be found. There are lots more drilling results due in the next few months, so there is plenty more news to come. Geiger Counter are not a seller and have been happy to buy and hold a many as they can get. It is unlikely they would hedge the most recent tranche of shares by shorting. The price would still have to get to 29p to trigger the conversion.

Thats assuring and backs up what I was initially thinking.

What is it 30 odd targets and we get one poor drill hole, hardly a catastrophe.

Well I purchased a relatively small holding yesterday as I thought it looked undervalued, long may the upward trend continue.

TFC found your post most informative and have to agree that Uranium seems to be an ideal and proven solution for energy needs. I'll research this company more and may well top up at a later date.