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.

A lot of volume here today and the sp is still going up, have they found the Big U.

Good to see it starting to move upwards

Massive volume today when we are only use to four to five trades daily. Looks like a leak have they found the U is there a take over coming watch this space.

Driver, whilst I am a holder of VML & URA, the sells did outweigh the buys, so is this just a false dawn ??

Pumben you are not wrong but as some large sales were pushed through the MM's were massaging the quote upwards. We will see tomorrow if there is any follow up.

pumben
A lot of those large trades were buy delayed buys IMO or the sp would have dived.

driver, thanks for the response.

I hold for the long term but I am wondering whether to purchase some more VML and URA. probably wait a bit longer on the side line but the fingers asre twitching !

On the move again mms very short of stock could only buy 20k online.

The big buyer last week.

RNS Number : 4463U
Vane Minerals PLC
14 May 2008


VANE Minerals PLC
(AIM: VML)
Holding in Company

Commerzbank AG informed the Company on 13 May 2008 that as of 8 May 2008 it now has an interest in 13,636,364 ordinary shares representing 7.17% of the issued ordinary share capital in VANE Minerals PLC.

driver is that a direct or indirect shareholding? If indirect who are Commerzbank acting for...... possible bid coming?

driver/halifax.

Commerzbank have reduced their holding from 14,830,000 (7.8%) to 13,636,364 (7.17%).

AGM on Tues 20 May,could get an operations update,although I'm not holding my breath.

andromeda
If Commerzbank where the sellers last week some one picked them up thats why the sp went up also VML confirmed this that there was a large seller and a large buyer (investor email).

From the other side courtesy of Martin C-J on the AGM

Yes, I was at the AGM yesterday. I don't have much time to post but basically, they are still drilling the Breccia pipe targets in Arizona and the Lisbon Valley targets in Utah. They have 75 holes planned for North Alice before they can issue the resource statement. We should probably get a drilling update on Arizona in a month or two.

There appears to be some expectations of newsflow regarding the pyrphory copper exploration, and a watch this space some time in the next few months.

As for Diablito, they have six months supply of ore stockpiled to get through and when this is processed they may look to Bonanza for additional ore and also mill ore for competitors. They are drilling Bonanza in the coming weeks and if the ore grades are good enough will plan on going into production. The mill is working well and at full capacity.

As for funds, they remain well funded and don't expect to need any additional money in the next 12 months. They would only go back to the markets for cash if they had an acquisition they wanted to make, which is possible though unlikely, so again it will be a case of watch this space.

The Toronto listing is likely to happen once the resource statement for North Alice has been completed.

Paraguay is going ahead with some drilling expected soon, but this really is a longshot and doesn't figure in any of my valuations.

All in all, management was very happy with progress and the company was in good shape. Now all we need are some good results from No Alice and a hit on a Breccia pipe!

Good to hear. Wouldn't mind getting some upward momentum for a change.

good news @ last

http://moneyam.uk-wire.com/cgi-bin/articles/200809090700089935C.html

The problem I have with this stock is that it looks like the mine in Mexico is coming to the end of it's lifetime and hence the reason for additional land to explore in the same country which will mean putting a lot of funds into this new venture and it will be a longtime before it becomes operational.

A buy tip on uk analyst ...Unusually for a junior miner Vane Minerals also enjoys a steady stream of cash flow to fund its exploration activities, from a producing mine...The main attraction with Vane is clearly is extensive uranium portfolio, especially with nuclear power being firmly back on the agenda of world governments...Vane Minerals is slightly difficult to value at present but this should be made easier when the planned resource statement for Wate is released. But to give an idea of the company's worth lets take the base case scenario in the 1998 report on Wate. If we value the 1,916,863 lbs at $5 a lb, not a demanding figure given the favourable environment, then we get a figure of GBP6 million. Add in the GBP2.6 million of cash as at 30th June 2009 and that means the market is currently giving no value to Vane's other projects, including the cash generative Mexican mine.

You are right, Toki...VML is grossly undervalued. We will see it climb.
Today's just the beginning.

In the Sunday Times yesterday...

SELL GREEN, BUY NUCLEAR

The government has approved the building of 10 power stations and similar decisions on construction are expected in Germany, Japan, Italy and America, according to Max King at Investec.

Simon Webber of the Schroders Climate Change fund likes firms such as Areva up 2% over 12 months which is involved in the production of nuclear plants, as well as the uranium miner Cameco up 41% over 12 months.

He believes some green stocks are overvalued. The price of solar panels has collapsed because of oversupply, he said.