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.

Yes, that's how I saw it. In addition, based on recent performance, a sell of 70k would have sent the sp down.

Cheers, Madison

I agree the price was 20-21 at 8:13 it's just that the 21-22.5 price has been attached to that transaction because it was printed an hour later when the price was 21-22.5

I am using the trades screen at moneyam and it definitely shows the bid at 20.5 and the offer at 22.5 at 08:13 when the 70000 sell went through by 08:18 the bid was down to 20.0 and the offer was down to 21.0. Or am I reading this wrong?
Loadsa

Loadsa

The money am trades data can be confusing, when a trade goes through (not when it is placed) it comes on to the moneyam server and they mark it as a buy/sell depending on the current spread, what is important is the time attached to the transaction. The 70,000 transaction had a spread of 20.50 - 22.50 next to it because that was the spread at that time, not because that was the spread when the transaction was dealt.
Looks like the mm are currently paying way above the spread for stock at the mo, which is alwasys a good sign, maybe a buy order being filled?
Looking forward to Friday hopefully a update.

daws

I'm not quite sure how you're reading it loadsa, but tallsiii and dawsinho are correct in saying that the spread attached to the transaction is the spread at the time of printing, not the time of trade. If that wasn't the case then we could rely much more on the mam computer to provide a correct diagnosis of sell/buy.

At least we're travelling in a positive direction at the moment and keeping the chart looking nice. I keep checking my research and facts on this company and still believe it looks very sound.

Cheers, Madison

Looks to me like theres a big order to fill. Strange price action for this one to say the least.

Lets see what develops.

cheers GF.

Come on then own up... who is it that keeps selling tranches of their stock at anything over 21p.

It seems to be a bit of a glass ceiling for this one at the moment.

You little devil syd. ;-)

Pardon StarFrog?

Post number 666 syd - I assumed it was deliberate. LOL

:-)

Number of the beast! had to be done.

having a good race today vml vs seo 8.75% vs 8.54! vml just ahead :-) lol

When would this "Big BUY" make itself know before or after trading?

When the order as been filled Syd. Could be a few days on from here even.

Well thats if there is a big buyer lurking , but it certainly looks that way going on historic price action of this one.

cheers GF.

If the MMs are happy to pick up these sells without dropping the price that is probably a positive sign in a week with some guaranteed news. Has the price of gold risen?

Cheers, Madison

Gold up .90 today.

Taken frmo mineweb:

For the first time in some two years, Myles Zyblock, RBC Capital Markets's chief North American institutional strategist, has identified a buy indicator for gold stocks.


full artical:

http://www.mineweb.net/columns/american_notes/438408.htm

Secret papers reveal new nuclear building plan:

Sunday May 8, 2005

The government's strategy to kick-start a huge nuclear power station building programme is revealed today in confidential Whitehall documents seen by The Observer.

http://www.guardian.co.uk/nuclear/article/0,2763,1479173,00.html#article_continue

The Times also carried a similar story yesterday - so must be some credibility if 2 of the heavies carry the same story

Baza