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.

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

Was that it then a single 50K?

We shall have to see Syd. They can keep putting the price up for me on small volume, no problem.

cheers GF.

Moneyam still haven't sorted thr rns news for vml on my watchlist, got this from advfn. All looks very good, and again on time :-)

RNS Number:1427M
Vane Minerals PLC
11 May 2005


VANE Minerals plc (AIM: VML)

Commencement of Mining Operations at Diablito Project

VANE Minerals Plc ("VANE" or "the Company") announces that mining operations
have begun at the high grade gold/silver Diablito project, located in Nayarit,
west-central Mexico

The Company also announces that test mining carried out so far, has produced
approximately 450 metric tons of ore, which is being prepared for shipment and
concentration. This material was extracted in the course of mine development and
was therefore expected to be of lower grade than the material produced from
future mining operations. The material produced by test mining will therefore
not be transported directly to a smelter, as is expected with the ore produced
when the mine is in full production. Instead, this material will be used for a
mill test to evaluate the effectiveness and the resulting revenue from
concentrating the ore from Diablito using froth flotation to produce a sulphide
concentrate that will then be smelted to recover gold and silver values.

Construction of the Diablito mine is continuing on schedule. The 2.2 metres x
2.2 metres haulage tunnel now extends 77 metres from the portal and is advancing
in vein material. The haulage opening and development drift will soon be
connected with the ground surface via an inclined tunnel in the plane of the
vein that will provide ventilation as well as a second exit from the mine.

Michael Spriggs, Chairman of VANE, commented: "VANE continues to make strong
progress towards its objective of becoming a self-funding exploration company,
with the near term revenue from gold/silver production. We are highly encouraged
by progress to date at Diablito and look forward to providing our shareholders
with regular updates on the mine development."

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





This information is provided by RNS
The company news service from the London Stock Exchange

First trade is apparently a BUY!