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.

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.

Perhaps you didn't speak too soon dawsinho. Time of trade given as 01:00:00. Perhaps it was a buy. Can someone explain that time?

Cheers, Madison

Madison - hmmm not to sure about the timing, the best offer price we had today was 17.70, which would suggest it was a sell.
Also i think Diablito should start producing ore in May, news flow should be fast and thick me thinks.

Heres hoping your right Dawsinho.

cheers GF.

Couldnt resist adding this morning as all the signs on this one look positive at the moment.

cheers GF.

Started to move up already.

cheers GF.

nice to see lots of blue today, including vml up a penny now. Expect the sp to head north whilst we wait for news. Good timing gf

Yes and Ill think I will have a few more , looks like miners are pulling back across the board after the big sell off over the last couple of weeks. Still not getting carried away with other stocks though.

cheers GF.

Well done GF, you might blast it back through twenty p singlehandedly at this rate! LOL

Cheers, Madison