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.

HAVE I MISSED IT NOW? TIMING IS EVERYTHING!

excellent post GF,
Cheers for that
PT, its never too late.........

Dont think so look at the piece above where it talks about Bluesky. Should be plenty more to come especially when the news starts flowing in.

cheers GF.

Thanks GF i am in for this.thanks for the tip.

It is quite a compelling story. Having got in at 17p I am still thinking about buying some more. With 28 opportunities to find some uranium sure one or two must turn up something good.

Tallsiii

This is a welcome boost to my portfolio, i have taken a big hit with Jessops share price today.I am getting a bit worried about any stock in the retail sector at the moment.Goldfinger have i been sent to Coventry as i don`t seem to be able to contact you through the PM facility?
DB66

Sorry DB, I turned it off when Dil through a wobbler the other day. Ill put it back on. Ps, would keep well away from the retail sector at the moment.

cheers GF.

Good to know i`m not in the doghouse with you,i thought maybe that because i didn`t get back to you the other day you had sent me to Coventry. Do you still feel positive about Amstrad? i was wondering whether the slowdown in retail sales is going to affect them especially their new emailer phone.
DB66

Their emailer phones are getting a lot of coverage on TV (The Apprentice) at the moment.

The VML price seems to be consolidating at the moment. I may well jump in again if it drops any further.

Yup still positive.

cheers GF.

Better get Vane back on track.



cheers GF

Another report on Vane.................

Miningnews.net : 17-March-2005



Vane confident of uranium focus

AIM-listed junior uranium explorer Vane Minerals says it will have claimed up to 25 uranium properties with resources or past production in North America by the end of the month, though the company remains coy about specifics.

"We don't really want to attract too much attention to the area, although there is attention there already," the commercial director of the London based company Matthew Idiens told MiningNews earlier in the week.

"We have set up a subsidiary and we have seven properties out there in the field and will be claiming the rest of it pretty soon, we should have a better idea of where we stand towards the end of the month."

Idiens was adamant that Vane wasn't just trying to cash in on the hype that's come with the explosion of interest in the controversial commodity.

"I wouldn't say there is hot air surrounding the commodity itself. There is underlying economics saying that demand outstrips supply and therefore prices should continue to rise. With global governments returning to the positive sides of nuclear energy this should be a long-term trend rather than a short-term bubble," he said.

"What there may be a bubble around is a company's share price on the back of uranium. There is a lot of these cash shells set up to look for uranium and they go to a massive premium and then of course they never really come up with anything.

"One certain company raised some money over here, I'm not going to say what company it is, but by all accounts they have one geologist working in the whole of Africa. Your hopes aren't very high of finding something working in the whole of Africa [with one geologist] because it is a big old place,"

However Idiens conceded there was some concern with the number of companies setting up to take advantage of the boom.

"There is more of a worry in that it is going to give the commodity a bad name and the companies that trade in it," he said.

"From the outset our company strategy was to find a high-grade mine to put into production so it would then pay for the exploration and we would be a self-funded exploration company. Our expertise is in exploration and we believe we have achieved this in a little project called Diablito in Mexico which is literally about to go into production any week now," Idiens said.

Idiens said Diablito was set to generate $US250,000 a month in profit from a seven-year mine life which would then be directed back into exploration including widening the search for future uranium assets.

"We have another project in Mexico, Mina Charay, which we hope to turn into another cash flow project and that would basically mean all of our budget is paid for in the foreseeable future plus some money on top.

"Certainly there doesn't seem to be any option money in our share price at the moment. We are more or less valued at what our assets are with regard to the production side of things and the exploration side of our business doesn't seem to be valued. Which in my view is, as they say, an endless blue sky," Idiens said.

The so-called blue sky includes the acquisition of exclusive rights to the extensive Freeport McMoran exploration database, with chief executive officer Steve Van Nort, previously vice-president of global exploration with the copper and gold major, negotiating rights to the database as part of his retirement package.

Indeed four of the companies founding directors were with the copper and gold major.

"In 2000 Freeport decided to concentrate on Grasberg in Indonesia and not bother with global exploration because they are getting around a billion a quarter," Idiens said.

"So we have got this 100 years of exploration database that we have been sifting through, identifying projects that in the 40's and 50's didn't offer any opportunities. Obviously now because of the prices of gold, silver, and because of improved mining techniques they may now be viable mining projects."

cheers GF

hi,

Has anyone got a predicted target for this share for the next few weeks?

Thanks

also, for some reason i can't getit, but what is the current mkt cap. cheers

26.49

you are the man.

40% rise in last 2 trading days. Looks to have a lot left in it aswell. Just wait while the RNS news starts coming in.

cheers GF.

Lots of buys this morning and no sells. How come the price hasnt changed/

Buys way in front of sells. Strange stock this it tends not to move for days and then goes up in one large rise.

cheers GF.