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.

Hi Syd, Glad you are still with us, we can't believe the "selling", wish we had more funds to top up now. Regards Di and Paul

I'm still with you guys - but it is starting to hurt.

Baza

AIM are starting two new indices - the AIM 50 and the AIM 100.

I wonder if recent price moves may in fact be mm manipulation of certain stocks while they vie for position in these new indices?

It is starting to hurt bhunt1910. Most of my portfolio is red and down at the moment.
wilbs

Hi Di & Paul, yes nerves of steel or plenty of good humour required!

When I started investing I made the classic mistake of holding onto losers for too long, hoping they'd come back. Many didn't. Then I went through a phase of getting too blase about selling off.

I always keep track of my investments (even those sold) and I did notice a pattern in thoses that I'd sold off. They fell into two groups - those that I really thought had no future (either through my own poor investment, through new factors emerging or whatever) and those that I had been very secure about and definitely believed in but sold off because I eventually got swayed by prevailing sentiment/opinion and a declining sp.

What I have noticed is that those in the former group have generally floundered, whilst those in the latter group have often come back well after a few months. So now I'm trying to have more faith in my own judgements! I'd be the first to admit it can be scary!

baza - I think it may hurt for a while now, but when the rise eventually comes it will take us by surprise.

Cheers, Madison

Topped up twice this morning, see the price move north again buy while the price is low.

Well done syd. Looks like you may have called it nicely. You mentioned ADVFN and I took a look. Extraordinary, as you say, that people who were so positive could panic so quickly! What it exposes sadly is that a lot of these are not investors at all. Let's hope that some of the current little raft of buyers are looking for 30p or 50p (as opposed to the low twenties) and prepared to wait for it. Somehow I doubt it. Off for a swim.

Cheers, Madison

Phew, relieved we recovered from that 16% dip earlier on. In previous times I would have panicked too and joined the sellers, but hindsight has usually taught me that was wrong in the medium to long term. Madison's post 765 is spot on.

At last some decent volume going through on this share, lets hope this continues.

Thanks for the vote of confidence stephen. Yes, good to see the volume up.

Cheers, Madison

Just been e-mailed the article from a tip sheet this weekend. I think this is responsible for the earlier selling.

Seems to me many have taken the story wrong. The fact that the company have met up with Vane is a real positive.

They think Vane MAY have to come back to the market for more cash, but admit they could become cash flow positive and fund their future from their existing assets.

They also give a clue at the end that they may well take this one on board at a later date.

Ive added today and beleive Vane will ultimately be taken out by one of the big boys.

cheers GF.

PS, what a rotten market we are in at the minute. Not tempted to add any new positions. Going to do the garden and save myself over a grand.

Enjoy your gardening GF. After your comment on the HMY thread on Friday I thought you might have decided to stay out there permanently for the summer!

Cheers, Madison

LOL, Madders, he, he.

I could not beleive my eyes on the response to the HMY contracts. Beleive me I certainly went long on Stella that night and on the morning after went short on food.

Anyway I think DIL got this right a month or so ago stay out until September.

The problem is I dont feel I have the patience to do that. Anyway nice to see Vane has come back from this morning. With interest rates peaking (and hopefully lowering) I think Gold could be in for a good run again in say a few months time.

Back to the pansies.

cheers GF.

What a day, just got home to see the action! Bunch of lucky buggers got a bargin today...!

Does anyone think now that with all the "stop losses" out then the MMs would be more inclined to raise this share??

Not sure about gold at the moment, what would be useful is a forecast valuation on steel balls. Has to be a strong demand for them.

You need them in this game!!
wilbs

Nasty morning.

well I could not resist the temptation to buy another 20000 at these prices to tuck away

Baza.

Gold has been hit recently. Mostly due to the dollar rally, but most experts agree that the US deficit is sooner or later going to pull the dollar down again. That will give upward pressure to gold and other commodity prices.