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.

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.

tallsiii, sorry to disappoint you but perhaps you missed my post above. I did have an email from Vane stating that the results will definitely be out on Friday (rather than "around", as somebody posted). The timing of other news was another matter, but my impression was later.

Hope you guys manage to concentrate tomorrow! Have a nice day anyway...

Cheers, Madison

Well thats me bag packed, now off to the train station.
Maybe bump into a few of you tomorrow.
Good luck all
wilbs

Thanks, hope to see you there tomorrow.

tallsiii

I don't suppose they gave you an exact time did the Madison?

tallsiii, no such luck, but I recall somewhere noticing that a previous announcement was not at 7am.

Don't think it matters too much. What matters more is probably the news to come later, so hopefully you'll be fine for that next week. Of course I could be wrong and everything might emerge on one day, but that's not the impression I got.

These 1k Unknowns are very strategically placed. If it's selling from a longer term holder why bother with that tactic? One would almost think that the MMs are being assisted in some way. Do they really not think they could flush out weaker holders with a price rise? I'm puzzled...

GF, what do you think?

Yes glad you noticed that aswell. If you have an advfn registration (i dont)I beleive you can confirm from there trading tables if its the same outfit buying or selling. Looks to me like it is. And started yesterday.

Cant tell wether its buys or sells with the spread being so tight.

Anyone else have an idea whats going on here??.

cheers GF.

Everyone else is buying at 23.5 so it seems unlikely that they are letting someone buy at 23.25. It is more likely to be a worked order. As the MMs are able to offload the stock they are filling orders for a seller that seems to be fairly sizable.

It is worth noting that the trades seem to be just after every hour.

The Investors Chronicle BUY article, just found it on thre Vane Site........

http://www.vaneminerals.com/?page=PapersSingle&id=78

cheers GF.

Yes I agree thats a big seller. Probably someone or organisation that got in at the very beginning locking in profits before results, 'hedging their bets'.

cheers GF.

Good write up in IC GF, ive been watching the recent rise ,is there still room to get in under 24p ?? JB...

Just found this in the prospectus, havent time to work it out now have to go out Sees yer later. Share options granted might or might not find the seller here.????????...........................

2.7 On Admission, there will be outstanding options under the Share Option Plan over a total of 5,600,000 Ordinary
Shares. The Company has granted options as follows:

Date Number of Exercise
Optionholder of Grant OrdinaryShares Price (p)
Matthew Charles Idiens 25 May 2004 3,000,0001 11
Robert Parkyn Jeffcock 25 May 2004 1,000,0001 11
Commercial Technology Limited 25 May 2004 1,000,0001 11
Luis Perez 25 May 2004 600,0002 11

1. these options are only exercisable in the event that in any continuous period of 90 days expiring on or after the
first anniversary of Admission, the average mid-market share price for Ordinary Shares exceeds 150 per cent.
of the Placing Price.

2. these options vest, providing he remains a consultant to the Group, as to 200,000 on the first anniversary of
Admission, as to 200,000 on the second anniversary of Admission and as to 200,000 on the third anniversary
of Admission. There are no performance conditions attached to these options.