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.

I take it thats the BUY symbol?.

cheers GF.

You bet! Positive.

Cheers, Madison

Took a rare visit to ADVFN and was pleasantly surprised by the Vane thread. It is virtually free of the crass ramping sometimes found there. It is a fairly sober and well reasoned discussion of Vane's prospects. There has been some discussion about the relative merits of Vane and Reefton with its soaring shareprice. So full credit is due to James T Kirk for this illuminating comparison:

VANE
Some of the prospects are believed to contain indicated resources with uranium grades of around 1% U3O8 or 20 pounds uranium oxide per ton.

REEFTON
Initial soil geochemical samples collected to date contain anomalous
uranium of up to 40 grams per tonne (g/t).

Let's convert this into a comparable statistic:
VANE: 9,000 gm per ton
REEFTON: 40 gm per ton

Cheers, Madison

It looks like all that Reefton really have is some very expert marketing people!

A point of interest is that Van Norton, one of the Directors at Vane is the person that blew the wistle on the Bre X scandal. Personally, I can't think of someone that would be more reliable to have at the head of your company.


Tallsiii

tallsiii

good to see you back.

i have researched Vane some more and like what i hear. i think i may be joining you on the shareholder (or at least spreadbet holder/CFD) pad.

Anybody taken a look at the trade data for today? A sell this morning has gone walk about, its not showing up anymore!

Its back now! hmmm

yeah I have just noticed this also, its not dissapered its turned into a BUY.

Very quiet today.

Just a waiting game at the mo! Wonder if we'll get a mention in the press over weekend? All being well news should be out by next Friday.

and the CEO of REEFTON has resigned......
B

Hi,

Can someone explain what happened in the price just before close, bid down offer up no % change.

Thanks

Can anyone please tell me what an AT trade is please???????
wilbs

Wilbs,

AT = An automated trade generated by the SETS system through the order book. (Level 2).

Seems the mm have put the spread up from 5 to 9.75% Why would they do this? maybe they don't want as many traders onto this one. Usually investors don't like buying stocks with high spreads as its harder to get better returns in the short term... hmmm answers on a postcard please!

Thanks for that dawsinho.
I went long on ITV today and thats where the AT trades were.
wilbs

Definately looking forward to next week for some positives,as i am into this one and csb,lets hope they come good,and lets not forget mmg as well.good luck all vml holders

Goldfinger,

Is there any chance you could pop a small 1 year chart in the header please?

BTW, nice thread, lots of useful info, Vane looks interesting.

TIA,

Andy.

Actioned as per your request Andy. RSI postion looks rather interesting, especially if you would consider the present market to be trend bound.

Should be a very interesting week with the RNS on the Uranium Propertys due surely in the next few days.

cheers GF.

Very quiet start to the week considering we are due news. One chap on Ample I see says that the news wont be out untill early May because of further bad weather conditions. How much we can read into this I am not sure as I dont know his track record.

cheers GF.

Hmmmm, considering we dont know where these uranium sites are how do we know there is still bad weather in the area???