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.

Yup bid just ticked up.

cheers GF.

Looks like MMs holding price back here, confusing?.

cheers GF.

Well there's a history of that with Vane GF. You said it could be "stubborn"! Looks like no one wants to sell though, and good to see a few small buys coming in.

Cheers, Madison

Write up from yahoo.

http://uk.biz.yahoo.com/050408/214/ffxxv.html

Some good BUYS going through now.

http://uk.biz.yahoo.com/050408/214/ffxxv.html

Just ticked up and moving further north by the close

If the sells remain unaltered and the buys reach approx 190 - 200k it could be interesting. (This would give approximate parity of buys and sells on the assumption that the earlier 100k was really a sell).

Idle speculation based on yesterday's movements too, but I'm thinking the price may either rise rise at around that point or another 100k transaction might appear. If it's the former then this could be as low as it gets. DYOR

Cheers, Madison

Friday April 8, 01:20 PM

Vane on track
LONDON (ShareCast) - Minerals exploration and development company Vane Minerals (LSE: VML.L - news) expects to maintain its current cash burn
rate until its gold-silver project in Mexico reaches full production levels.

The group, which raised 3.2m when it listed on Aim in June 2004, is yet to generate any revenues and recorded pre-tax losses og 598,000 for the period ending December 2004.

Vain's current cash burn rate is 143,000 a month, which the company expects to maintain during the first half of 2005 until the Diablito Project, its main gold-silver business in Mexico, reaches full production.

The fledgling company has made applications for gold-copper prospects in Paraguay and for Uranium licences in North America, while drilling commenced in its Guadalcazar epithermal gold prospect in March 2005.

"Your board believes that, with its exciting portfolio of exploration and development projects, the company is placed now to grow the business substantially and to create sustainable value going forward," said chairman MJ Spriggs.

At the end of December the group held 2.3m in cash.

cheers GF.

Just ticked up again, looking good

even by the end of the day i reackon, lets wait till monday after the results have been published in various papers and magazines over the weekend then we should see a more decent rise based on todays news.

At evens now. Come on go on a late run, remember the Uranium news is out next week.

cheers GF.

Seems like my theory turned out accurate! Let's hope for blue next.

Cheers, Madison

Do we know for defo that uranium news is out next week? from what source have we got this info? hope it is :-)

From my post earlier:

"We don't. But it will come in due course. I suggested yesterday (based on an email from the company) that it wouldn't come today, but I didn't put any time frame on it. So, it could come at any time."

GF, don't you mean FROM next week? Or have I missed something?

Cheers, Madison

Thanks for that, looking forwardto it!

FROM NEXT WEEK, as you say maddison although there are reports like yours on other boards suggesting an earlier time frame. The fact is any way, were due news as the company says at the end of the first quarter.

cheers GF.

Announcement 7th of March 2005 from Vane.................

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. ENDS.

Are they refering here to the first quarter of the calendar year, or are they refering to the first quarter of the companys new financial year??????????????.

cheers Gf.

No just looked at the results again..................

VANE Minerals Plc (AIM: VML)
Financial Results for Period Ending December 2004

Its got to be after March therefore any time now. Are we agreed on that? as I dont wish to give any false optimism.

cheers GF.

Hi GF - agreed. Yep that's all I was trying to do - stop any false optimism. There's enough to be genuinely optimistic about.

Wow, that was a busy day!

Cheers, Madison

Hi Madison, cheers mate glad we got that sorted out.

Cheers GF.