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.

GF, Don't use Ample, but how does he know there are bad weather conditions when nobody know the location of these uranium targets? I for one put the delay down to "unavoidable external administrative delays". Not long to go now hopefully!

Bit of info regarding uranium from Reefton's recent rns

Uranium Market

The uranium price has been rising and has increased 79% since 2003 from a annual
month-end spot price average of US$11.54 /lb to US$21.75 /lb as at Feb-05
(according to The Ux Consulting Company, LLC - monitors the uranium market). The
price has risen due to increased demand for uranium as a fuel for power
generation.

There are numerous nuclear power stations under construction particularly in
China which plans to build 27 plants by 2020, India which plans to build 17
reactors by 2012, and Russia which wants to build 25 plants by 2020 (according
to the Energy Bulletin).

World demand is estimated to outpace supply by 11% in the decade ending in 2013
as inventories decline ('World Nuclear Association').

Im hoping you guys are right, although he does seem to be a respected poster there.

cheers GF.

Very quiet again.

Quiet, but all blue.

Cheers, Madison

Maybe quiet but there are some nice buys going through, does anyone have a firm date yet for the next release of news?

Before the end of April the last RNS said so it as to be before this friday close.

cheers GF.

For interest and to compare Reefton to Vane Minerals

VANE - STATEMENT

Work was initiated in late December 2004, on acquiring potential uranium
resources and/or prospects in North America. As of early 2005, 7 targets have
been claimed and a further 28 prospects have been identified and are being
targeted for acquisition. Some of the prospects are believed to contain
indicated resources with uranium grades of around 1% U3O8 or 20 pounds uranium
oxide per ton. At present uranium oxide prices of approximately $21.00/pound,
the value of ore is over $400/ton.

REEFTON

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

So basically we have a maximum of 20lb per tonne they have 40gm per tonne and there are 450gm to a lb or our equivalent to Reefton is 9000gm per tonne .

I beleive the spot price as risen aswell. Just a rough calculation, but all the same should stimulate some hearty debate.

cheers GF.

Buys all day with good volume and a small sells at the end of play take the price down a notch!

GF, from my post above on this:

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


Cheers, Madison

Madison, you should have done that on the other site, LOL.

The cheek of the MMs dropping it at the end of the day like that.

cheers GF. PS, we are also mining in a district in North America so we know where they are now more or less.LOL.

Well another quiet day really, lowest volumes we've had for over two weeks. MM bound to play with the sp coming up to the announcement. Suspect a lot of people will be trying to trage this share in the coming weeks with expected good news on the way, in medium to long term at the mo so not really concerned with price fluctuations, just as long as the management sticks to its guns the future looks very promising.
The great thing is that we know for a fact that we've got ten uranium targets in the bag so the downside is very reduced, whilst we wait for this rns. Lets not forget about other news on the way also!

Happy hunting.

Yes lets hope we get some more volume into these.

cheers GF.

All trades unrecognised for VML this morning?

Anyone got any ideas if they are buys or sells?

Cheers

No idea syd. Its terrible when this happens.

cheers GF.

According to LSE.co.uk, 2 buys totalling 11k & 2 sells totalling 14.5k

GF any other decent penny shares worth looking at?

Can someone tell be if VANE is up or down, every site I check seems to have a different price I have seen up/down and unchangedwhich is it?

Cheers

On comdirect I get 19.25. Bid of 18.5 and offer of 20.0

Yep 19.25 Unchanged (not as it says on mam stockwatch). Wish they could get this sorted out.

Cheers, Madison

Some price movement, not in the right direction though :-(

Cant wait for the news though it should make a massive movement upwards :-)

only time will tell.