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.

Only a drop down in the offer price, sp down to 4%. This might encourage some buyers back this after noon....hopefully. I know I am looking to top up if I can afford it.

I think there are one or two selling off just a slice of their holding and hoping to buy it back at a lower price later. With only eight days till the AGM and a lot of news to emerge this might not be very profitable, especially on small holdings.

Then there's the herd mentality which is stronger than rationality. You would think they'd discovered cotton wool not uranium. LOL

In the end quality will rise. A bit of publicity would help, and that may be on its way.

Cheers, Madison

Madison, looks to me like the "get rich quick crowd" are selling for a quick buck. Think IC will do a follow up to their buy rec this week, which should hopefully get us onto a few more radars!

Do you know when and where the AGM will be?

It's on 12 May at 11am, but I don't know where. Their phone no is 020 7667 6322.

Cheers, Madison

tallsiii, are you going to go?

Yes i think so. Am just checking with my broker as all my positions are in CFD.

get him to buy 1 share!

lol

1 share jsut been bought!

Yes it was me

Fortunately my broker didn't charge me for it!

what a great idea...when i was a junior in the city a broker came on wanting to buy 1 share of every stock in the mkt. lets put it this way, until my post here i had tried to block out that experience!

Now see what you have started !!!
Loadsa

Looks like I have started a buying spree. Just what we needed today.

Ooohhhh! A big unload just went through.

Any chance it's a buy?

but with that size of sale, how is it that the price has ticked UP? And what does X = cross at same price mean?

Should we be worried?

cross at same price = The transaction was effected as an agency cross or riskless principle trade between two member firms at the same price and on the same terms.

Apparently there have been masses of these X trades in the small caps today as the result of a fund (RAB Special Situations) restructuring, so no cause for concern.

Makes you realise how insignificant the volume we see traded most days really is. I am hopeful that the arrival of cashflow will be the catalyst to some bigger buying over the coming months.

Cheers, Madison