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.

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.

Very strange this share, every buy is meet with a near equal sell and vice versa, a small number of sells pushes the price down yet buys dont bring the price up.

Syd, looks to me like traders are closing t postions and re-opening them straight away! People know good news is on the way. MM just making the most of it.

Hi dawsinho

Not to sure what you mean "closing T Positions and reopening"

Thanks

guys, i love this stock and enjoy this thread but with all due respect this mini banter over a couple of 10,000 lots being rolled is sounding a little desperate!

its a quiet day, end of story!

Proptrade,

Nothing wrong with examining trades etc, gives a good insight into what sort of people are currently trading vml etc. Volumes been very thin since our last announcement, half been expecting hay bails to roll past my screen :-)

Syd, depend which broker your with, but i could for example open a t10 position which i would pay for in ten days (hence t10). After ten days i could either buy the chosen stock and pay for it or close my position and take my profit/loss without actually using any of my own cash. Hope that makes sense!

Off out for a swim, hopefully come back to a sexy rns! if not theres always tommorrow..

bails across my screen..LOL.

sums the day up perfectly. enjoy your swim

rgds
PT

Bought these at 21.50p so with paper loss,i am really hoping we get some good news from these,fingers crossed.Hardly any nails left after seeing MMG fall.

Bought these at 21.50p so with paper loss,i am really hoping we get some good news from these,fingers crossed.Hardly any nails left after seeing MMG fall.

WHY DO I GET POST TWISE

Ateeq180
No need to cross your fingers, its all there in the mix just need to be patience. I hold these and JLP both of these can be quite testing but the up-side when it comes will make the wait worthwhile.

Loadsa