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.

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

What are people expecting if the news is good in the next few days/weeks, a big rise like reefton 50%+ in a day or more like a steady increase over a few weeks.

Does anyone have a realistic price for this share after the good news?

Cheers

THANKS,AT LEAST I CAN PUT MY MIND TO REST,ONE QUESTION I WOULD LIKE TO ASK IS THAT WHY THE TRADING VOLUME ON THIS STOCK IS SO LOW,IF ITS GOT A POTENTIAL TO BE A WINNER.

100,000 BUY just gone through :-)

ateeq180

I think that untill the news breaks punters may feel there are more immediate gains to be had elsewhere, in todays fluid market and with share tracking available to all this is bound to occure, thus the low trading figures. Many of the small company shares are not institution attractive untill their growth is well established and measurable.

Syd443s
If the total rise resulting from the commencement of gold production and the positive location of the uranium news is 50% I would be happy.

Loadsa

Well Im hoping its going to be a big pay day loadsa, and many thanks for the PM on Jubilee. Winnie over on tips.com is a big fan with a short term target of a quid.

cheers GF.

Reported by Mieke from another board...............

Interesting - read today that Wyoming and the Mid West of the US has been having very heavy snow - another 30 cm in the last few days. I reckon the mid-West, perhaps Utah/Colorado, is where these targets are. Hence the weather induced delays - which may occur again judging by the snow that fell this week.

cheers GF.

Can't really see the need to get too worked up about the precise date of an RNS on the U sites. (I've always been careful to say "around" the end of April.) Rather than the weather being a problem I can imagine administrative delays more easily (and some scenarios could be positive). If I was going to fret, I would fret about WHAT it says more than WHEN it says it.

But I'm not fretting because, even without any U news, it's a tremendous company which is well managed and has a great strategy. The database is of immense value and cashflow coming this year. Take away the U news from some miners and you'd be left with a shell, but this simply isn't the case here.

The AGM is on the 12th May and news from Guadalcazar can't be far away.

However, don't take my word for it. Go right through the company's website and read all available commentary and discussion. There is tremendous potential in many different areas. Somewhere up this thread I think Goldfinger has referred to some ideas on the company's valuation based on SILVER alone. (I think the figures on this are much fuller on another site but it's a while since I went there.) These figures are only conjectural and I don't necessarily give any credence to them: but they do illustrate that Vane's success has many other routes in addition to Uranium.

I don't mean to downplay the significance of the forthcoming Uranium news. But I detect a hint of some unecessary nervousness on the board. As far as I can see if the news is good then whether the sp is now 16p or 22p (moving around on small volume and unfathomable mm artistry) is really irrelevant. On the other hand if the news is not good, then there may be short term disappointment but you still have a good long term investment (relative to the mining sector).

Just how I see it. DYOR.

Cheers, Madison

PS - GF, I take it Winnie was referring to Jubilee, not Vane?!

Interesting read over at mineweb.

http://www.mineweb.net/columns/casey6.htm

CONCLUSION
With a little forethought and the good sense to see through the hype, you can position yourself in a portfolio of carefully selected, quality uranium plays and settle in for a long and very profitable ride. If you are already invested in uranium stocks, do yourself a favor and complete the research required to be sure that you are hooked up with a solid company at a price that gives you a realistic chance of participating in the long uptrend.

Spot on Madison Jubilee.

cheers GF.

Offer price just dropped a little selling 18p and buying 19.50p,i just did a dummy run and its offering 18.55p to buy.i think good oppertunity to top up.or not?

Hi Ateeq,

If you look at the relative strength index on the chart above a TAer would say yes. Id be inclined to sit back and wait a little , the US futures are down and we might have another broad market down day in the US so you may get it cheaper.

cheers GF. PS i was thinking of having a few more today but I think I have found a cracking Oil Investment that hasnt been vultured by the crowd yet. Just got to ring my buddy whos an oil expert and ask his opinion. Will let you know if you are interested?. Ill send you a PM, then again I might put it on the board.

A good read for Uranium fans.........................................

Update on Uranium
By: Doug Casey
Posted: '30-MAR-05 15:00' GMT Mineweb 1997-2004



As many readers know, Ive been a uranium bull for some time, recommending uranium companies as far back as a 16-page report in my October 1998 International Speculator, when the metal sold for just $9.50 per pound.

Being early in a rising price trend has worked out well, giving subscribers the opportunity for some pretty spectacular gains in our recommended stocks. To name just a few: Cameco (T.CCO) up 542% since our October '98 recommendation; International Uranium Corp. (T.IUC), up 1,497% since our initial 1998 recommendation; Paladin (ASX.PDN), up 1,412% since our February 19, 2004 recommendation and Strathmore Minerals (V.STM), up as much as 340% since our August 2004 recommendation.

However, times have changed, with the uranium story now being covered by the mainstream press and the herd of wire-house brokerage firms attempting to lay claim to special expertise by pumping out fat uranium research reports. Being a contrarian by nature, I view these developments as indicators that the easy money has been made.

Even so, there is still a lot of upside for uranium: the metal is not only going higher, it is going to the moon (Ill touch on the reasons in a moment). In fact, as a fundamental proposition, I like uranium even more than the precious metals, which is saying a lot. In the interim, however, I believe that any slumps in uranium stocks are likely to trigger a rush to the exits for shareholders, largely because the investment masses are prone to skittishness and impatience. They really only understand uranium as a flavor of the day commodity. Weve seen just such a panic over the past few weeks.

Not being a trader, my tendency is to dismiss short-term trading volatility as irrelevant. However, the extraordinary gains in uranium stocks over the last year argue for caution: a year ago, largely because there were so few companies around, you could have built a portfolio of U3O8 stocks by throwing darts at a list and youd likely be up by triple digits.

That is no longer the case. Going forward, youll have to be a lot more selective in where you place your bets. Over the past six months, even the quality uranium plays have gotten ahead of themselves, and that goes ten-fold for some of the modestly radioactive garbage that has come onto the market of late. Im nearly as likely to find uranium in my back yard as they are on their much-promoted moose pasture.

Chasing the hot stock of the day just because it has uranium in the name will, in most cases, only buy you a quick trip to a large loss.

PICKING WINNERS
That being said, let me go on record--again--to say that, for many reasons discussed in the International Speculator in the past, the developing bull market in resource stocks is likely to be even wilder than what we saw in the late 90s with the Internets. Its likely to be one for the record books. The key is to get long the right stocks, and stay long until you see Newsweek doing a cover article on them. And I fully expect uranium issues to be among the leaders of the market.

However, as investors get increasingly more conversant on U3O8, success will depend on selecting the right stocks at the right prices, and not being afraid to lock in gains by rotating out of the big winners and into earlier-stage companies.

With this in mind, we recently put together a comprehensive report, 31

Uranium Companies Reviewed

, based on the notion that stock valuations should in some way be reflective of the uranium resources controlled by a company, with credits for exploration budgets, cash in the bank, and size and location of its projects. The ultimate question is: what are a companys odds of actually developing an economic uranium resource? This just-published report covers a total of 31 companies for which uranium is the primary mineral target. Companies are grouped and evaluated based on their respective stages of development, from large producers down to grass-roots explorers. Thats really the only way to compare apples to apples.

For those companies that have a resource, we determined a rough cost per pound in the ground estimate by dividing the uranium resources by the firms market capitalization. The numbers strongly suggest that certain segments of the uranium market are ahead of themselves in terms of price, and that several much-touted companies are grossly overvalued.

Adding extra filterstonnage, grade and location, for exampleit becomes clear that many companies resources would not be economic even at $100 per pound of uranium (which, for the record, I expect to see). Others deposits are located in politically sensitive areas where the chances of receiving a mining permit are vanishingly small. A case in point is Australia. While its true that the country is a major uranium producer and is geologically prospective for more yellowcake discoveries, it would be a big mistake to overlook the fact that green politicians and activists are intertwined with all levels of government: local, state and federal. Back in the 1970s, these groups successfully argued that uranium should be avoided because of potential use in bombs and supposed problems with radioactive waste disposal. As a consequence, Australia adopted a Three Mines policy on the Federal level, stating that the country will only allow three producing uranium mines at any time. The chosen three were Ranger, Olympic Dam and Nabarlek. All other uranium development came to an abrupt halt.

Fast-forward 30 years. While the Three Mines policy has been rescinded at the national level, out of the eight states and territories, only twoSouth Australia and the Northern Territoryactually permit the mining of uranium, and the regulatory hurdles there are very high. There are still only three uranium mines in production in that country, and one, Honeymoon, permitted to go into production soon. While necessity and the opportunity for considerable job and tax revenue creation will, in time, likely force more liberalization of uranium mining in Australia, the long list of potential political roadblocks leads me to suspect that the current de facto policy of most statesand the outright legislative ban on uranium mining, processing, export, and sale in Queensland (Western Australia and new South Wales are said to be almost as bad)will stand for several years, and maybe longer. And Australia is not alone in its uraniaphobia: certain U.S. states and Canadian provinces face similar issues. Companies with projects in such politically sensitive areas need to be price-adjusted for this added risk. Yet, as our analysis shows, many companies with primary assets in Australia are selling at valuations that all but ignore the political facts. Yet another sign of a market that is ahead of itself.

WHERES THE VALUE?
So, which companies currently provide the best value? As a reference point consider that Cameco (T.CCO), the worlds largest producer, is currently valued in the area of US$8.00 per pound in the ground (measured, indicated and inferred). Dennison Mines (T.DEN), by comparison, is selling for about US$23.00 per pound. The analysis gets far more interesting, however, when you move into the area of junior Canadian uranium companies, where we find Strathmore (V.STM) selling at US$.51 per pound, and Energy Metals (V.EMC) at US$.65.

Although these look to be a screaming buy, dont jump in just yet; there are other critical factors to consider, including the reality that the worst time to jump into a stock is after it has had an extreme upward movecertainly the case with most of the widely followed uranium stocks today. While there are many companies we like that have participated in the move, and that we continue to recommendalbeit primarily on weaknessthe biggest upside will come from companies that have, so far, not participated significantly in the price gains. Some of these companies may not even have any proven pounds in the ground, but the best ones have rational market capitalizations, great management teams, cash in the bank, and a portfolio of properties with the potential for large tonnage operations to be started once the uranium price rises enough to make such deposits economic.

And rise the price will. Thats because the value of uranium is inextricably tied to the price of energy in general, and electric power in particular, a market where uraniums only serious competition comes from coal and oil, both of which are far more expensive and polluting. (So much so that a growing cadre of leading environmentalists are now advocating a switch to nuclear.) Ive always held that nuclear power is not only the cheapest and safest source of electricity but is also, by far, the cleanest mass power source available. And its likely to stay that way until breakthroughs are made in fusion or, more likely, nanotechnology.

A chronic supply/demand imbalance has developed in yellowcake (U3O8)the clearest indication of which is that the industry has been living on inventory since 1985. My instinct tells me that uranium, after decades of being the unwanted stepchild of energy sources, will now offer better percentage returns to speculators than oil, gas or any other energy alternative.

While uranium has already moved up significantly from its lows, I dont think well have to wait long to see it going much higher. Commodities associated with energy, like commodities in general, are in a secular bull market and typically, once in motion, commodity trends tend to stay in motion for a decade or more. The looming energy shortage has even become clearbelatedly, of courseto the U.S. Department of Energy, which last year announced incentives encouraging U.S. power companies to apply for licenses to build new nuclear plants (the first such move in 25 years).

Many of the 103 operational U.S. nuclear power plants, which provide 20% of the countrys energy, are so old that they are now applying for 20-year extensions on their 40-year operating licenses. This is a big change from just a few years ago, when talk was that the nuclear industry would be shut down entirely, not only here, but worldwide. I always felt such talk was nonsense, and that the world would be building many more plants, not mothballing those it has. Case in point: the Chinese alone now have plans on the board for over 35 new reactors.

CONCLUSION
With a little forethought and the good sense to see through the hype, you can position yourself in a portfolio of carefully selected, quality uranium plays and settle in for a long and very profitable ride. If you are already invested in uranium stocks, do yourself a favor and complete the research required to be sure that you are hooked up with a solid company at a price that gives you a realistic chance of participating in the long uptrend.

If youve got a big profit, consider rotating out of your positionat least enough to get your original investment off the tableand look to redeploy the gains into another company with better prospects. Alternatively, given the market froth we identified in our new report, it may not be a bad idea to sit on the sidelines and let things cool down a bit

.
If you are not already invested in uranium, take your time and whatever you do, dont blindly pile into a stock that has already appreciated 300% over the past year.

But whatever you do, dont miss out on the opportunity to (intelligently) build a portfolio of uranium stocks the big returns are still ahead.

cheers GF.

Good post on the current uranium market gf, so whats this little gem you think you've found... hmmm is vml going to start looking for the black stuff aswell! (only joking) :-)
Volume picked up slightly today, my guess is news next week. Anybody thinking about going to the AGM?

So we have news to come in the comming days and an AGM on the 12th May.

Lots of volume today shame about all the sells, am hoping for a better next few days with the run up to news on gold production and more uranium sites claimed.

I take it people who are selling have to do because of credit terms.

My minerals man who is top class says things are on target re to class deposits but there have been hold ups.

More to come later.

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Bottom line what price are we looking at after the rns is released.