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.

Yes Ive had that same problem Madison. Two excelent posts from your goodself.

cheers GF. Keep calm tomorrow guys I beleive we will see a rebound from the yanks in the next few days.

Vane Properties : Freeport Data Bank


The principals of AVEN Associates LLC negotiated an Agreement with Freeport-McMoRan Copper and Gold Company giving AVEN exclusive control of the exploration files accumulated by Freeport and its subsidiaries since 1907. There are 7,000 exploration files, each containing data on between one and ten projects worldwide. These are available for review by the AVEN team searching for references to mineral occurrences with previously unrecognised potential.

The AVEN Freeport-McMoRan agreement is in effect until 30th June 2006. The Agreement gives Freeport-McMoRan a one-time option at the time of reserve announcement and/or when target goes into formal feasibility to become an equity partner with a participating interest of up to a 25% by paying two times the incurred exploration costs in proportion to the interest acquired.

A review of the Freeport-McMoRan files, essentially an inexpensive reconnaissance of many prospects, is currently underway with approximately 75% of the files examined to date. These files have been and continue to be examined in an attempt to identify targets which may now be made viable by application of new metallurgy, advances in geologic concepts, changes in metal prices or other technology advances. The collection, which consists of both hard-copies and microfilms, includes at least the following number of individual prospects and reconnaissance areas:

USA 4689
Mexico 505
Canada 1230
South America 300
Central America 100
Australia 200
Rest Of The World 285


cheers GF.

Madison - Thank you for taking the trouble to respond - much appreciated

Baza

Nothing you can do in a market like this but take it on the chin and dream of the dot com days LOL. I think after the storm we will be ok. Seen this many times before except for the pre opening farce. So many stocks marked down and also so many being able to sell before the market was open at 8 am. Anyone see all that activity, it should be stopped by the London Stock Exchange.

cheers GF.

Showing quite a sizeable loss on this one now. All the AIM seems to be falling recently. Wonder if its to do with those articles Ive read recently about the AIM being overvalued?

Its the whole market Chad thats taking a pounding, on Friday and the day before the top 250 were hurt most because thats were the biggest gains have been this year.

cheers GF.

mkts playing silly buggers.

having been a MM i can assure you that on days like these all stocks are market down a few % regardless of quality. trust me, if a buy order comes in or there is a flight to quality, then the shit that may have floated sinks and the quality stays on an even keel over the next few sessions.

those experinced amongst us would agree that the best thing is to go out for a long walk and keep away from the screens for a few hours (unless you are picking a few cherries at these levels)

Or just go short on an index!!

indeed....re our conversation!

Just done my first ever short and in profit. Things are not that bad!!
wilbs

wilbs - be careful - this market could bounce without warning - just look at SEO down 1.5 - now back to evens

Baza

Well, just been for a swim rather than stare at a red screen (good advice proptrade!).

Come back and the Vane buys and sells look more or less even, so things are looking up. Very tempted to top up at these prices...

Cheers, Madison

Thanks for the advice bhunt1910. I closed with a profit. This is all new to me, must of been beginers luck!!
Gonna have a punt on the Dow.
wilbs

Vane minerals has just ticked up, one good news ,lets hope there is more by the end of the day,after a miserable day.

Another tick up.

Yes fighting back, buys and sells more or less equal.

cheers GF.

Some solid buying now!

Cheers, Madison

good to see a some buys coming in late on, topped up myself earlier on. What is interesting is that thoughout the whole of lastweek sells outnumbered buys everyday. Nice to see that we've broke that trend today, well 5 mins to go... Could be people coming on board, as we expect news before the end of the month regarding the uranium projects. Also maybe a update on the guadalcazar production.

Spoke to soon, 100k t trade from ealier on! Still highest buying volume for over a week.