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.

I see what you mean Madison as my 50K T trade did come through as a sell even though I bought this morning. But I suspect that the 500K may have been the cause of the price weakness around 3pm when the trades were only showing buys for quite a long time.

Thanks tallsiii. That's helpful. Glad to see you topped up again.

Fingers crossed guys, if we get results on friday or monday we should also get the up to date news we are seeking.

cheers GF.

Results are definitely of Friday (the email I received was more specific about that than the one above). On the other hand I think we might have to wait a little longer for the other news. Don't know for certain.

All buys this morning, looks like it's going to tick up again.

So get in quick if you're going to top up.

Yes it does look promising.

chers GF.

Only a 1/2p spread now, interesting.

cheers GF.

Yes, all the trades from yesterday must have made the market more liquid.

It seems a little ironic that the results are likely to be out tomorrow and that is the day of the MoneyAM traders day. I am probably going to miss whatever is released.

Im in the same boat tallsiii. Maybe it will be monday?? I will have my PDA at hand just in case.
wilbs

Keep your eye out for me then wilbs. I'd like to thank you in person for the BFC that made me a nice profit.

No problem tallsiii. You will find me at the bar!!!
VML must be due a tick up now.
wilbs

When are you travelling to london tallsiii? Im off at mid day today, got a nice cheap hotel booked.
wilbs

I will be going down on the train from leeds tomorrow morning.

An early start for you then.

Yes, have you been to this event before?

No I haven't but I am looking forward to it. I just hope my brain can take it all in.
wilbs

What are these odd 100k transactions going through at 23.25?

They both are delayed trades. My guess is that they are buys. If results are out tomorrow then hopefully there will be some coverage in the weekend press.
wilbs

Am really hoping they they are out on monday as that might give us the chance to jump in and get some more upside on the back of any good news.