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.

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.

Just topped up, dont wont to miss this oppotunity.

Rather heavy volume in these today aswell, considering the docile state of the market.

cheers GF.

Yeah I agree, good volume buys just out weighing sells at the end of the day.

Crickey down again with the rest of the market but the big boys look like they are doing well. Sticking in here as I feel this is a good company with a good management.

cheers GF.

Very quiet today, am suprised after the last few days volumes.

Just a case of sitting on my hands with this company at the mo, we all know about the various projects that are on-going and all the great news we've had. Do feel a lot of traders have jumped ship, which should give us a good base to build from.

Agreed Daws, glad we have shifted the traders out.

cheers GF.

They'll be back. One sniff of the ascent back to the twenties and I think they'll be in again, though it's predominantly small scale stuff.

They might even help to take the sp back up. The trouble is not traders. The trouble is with an excessive ratio of traders to investors they will probably take it up and down again. Perhaps I should say an excessive ratio of trading to investing (or even just short-term to long-term) because many of us combine both activities in different ratios.

However if the company manage to time the release of news on, for example, Guadalcazar to good effect then that might help us to break out of the possible range-trading that may ensue.

For any new readers of this thread there is a wealth of information in the previous posts. Post 744 from tallsiii gives a quick indication of why many of us are still expecting a bright future for the sp despite its recent fall.

There is a great stream of news to come over the following months, and most of it's expected to be good.

Let's hope for a better day tommorow, though I'm not really expecting anything in the short-term. At least the indices are looking a little better.

Cheers, Madison

from todays Shares Mag.

Vane Minerals (VML:AIM)

has started mining its Diablito gold
and silver project in Mexico. Thats good news but you wouldnt
know it looking at the way the shares reacted. The stock crashed
from 21p to 17p. So why is that, you may wonder? Well, it seems
investors, while expecting lower gold and silver grades from initial
deposits, are less than impressed by the possibility that Vane may
not be able to extract what gold and silver there is unless using a
smelter, possibly not even then. However, mine construction is
going to plan and Vane still expects to recover exploration costs,
with an eventual $250,000 a month profit predicted from 50
tonnes a day production.

cheers HM.

Nothing wrong with a little exposure, hopefully it will help the SP gather northerly momentum