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.

Sorry just seen the post from HM. Seems to me we have a communication cock up from the Shares Journalist. Lets face it the price of the company as fallen along with most miners and the markets due to soft market conditions and worries that China may no longer have high demand for resources, which is well off track anyway. It as had nothing to do with any technical issues, and we have seen get rich quick traders getting out moving onto the next big thing.

Might be worth giving the Company a bell or an e-mail to nip this in the bud.

cheers GF.

I agree shares mag don't know what they are talking about!

Over time I have observed that financial journalists like to be able to give an explanation for a price move. Unfortuately as they didn't know the real explanation in this case, they have just made one up.

You can't get gold out of gold ore without a smelter. The only question is whether they use the floation process to concentrate the ore before the send it to the smelter. Doing so would reduce the costs of transportation. The management were very confident of cashflow in the near future at the AGM.

Tallsiii.

Thanks tallsiii...

Cheers, Madison

Very quiet in here again today. Think everyone is just waiting for news now. Shame those few sells knocked the price down a little.

Hi Syd. Waiting and watching...I'm slightly overweight in VML or I'd have some more at this price!

Cheers, Madison

This share seems to move loads on very small volumes.

yeah noticed that, does that have any significance?

Thanks.

It can mean MMs don't hold a lot of stock, but I'm not sure if that's the case here.

There was a stage, just before VML shot up from 15.75 to the twenties when it clung to the same sp for over a week despite relatively large buying. (You'll see GF and I commenting on it towards the start of the thread.)

Just tried to buy some in an ISA but wasn't allowed.

Cheers, Madison

Just phoned Vane Minerals as I am out of the country for a few weeks as from monday so I wanted to clarify a few points before I left especially the article recently published in this weeks share mag.
The gentleman I managed to speak to was Mathew Idiens, he stated that he was aware of the recent article and that it was factually incorrect, the journalist that wrote the article was not a mining expert.
He said that there would be a follow up article in next weeks shares mag to confirm this.
He also said that there are HIGH grades of gold and silver deposits and that everything was running on target.
With regard to the process, they will be milling the gold and silver to keep the transportation costs to a minimum.
He also confirmed that there will be more good news to come within the next few weeks.
I will just add that the gentleman I spoke to was extremely knowledgeable in this field and happy to help with any questions I had. He was very upbeat about the company in general and gave me good re-assurance in the management of this company.
If you need to confirm any of this I would advise you to ring him direct as I am sure he will be happy to take your calls.
I am now happy to hold and look forward to the news!

thanks for that Judkay........looks very positive

Appreciate you sharing the 'phone call you had with Mathew Idiens, Judkay, it was very re-assuring. With Kind regards. Paul and Di.

Cheers Judkay
wilbs

2v1 on BUYS :-)

Why doesnt the price move with this amount of BUYS going through. 160K of BUYS and the price has not moved :-|

The MMs do not rate the small miners at the moment. Hence the price movement downwards. I know the person that bought the 20k, 30k and 50k this afternoon, and whilst I am pleased he's on board, I only wish I was getting such a bargin.

tallsiii,

you can !! you can !!

you just need a couple of credit cards........haha

thank god i was able to get out of RTM with a smaller loss then it was sitting at for a while there.....today's rise was good - out of RTM with a bearable loss, and into Vane which is sitting on nice low level......

and what next ?? SEO rocketing into the heavens perhaps ??? (i better touch some wood or something....otherwise my optimism may end up being short-lived)

it goes without saying that the Shares mag article was kack....

i mean; they wrote in the middle some negative sounding stuff as to their thoughts on why the sp might have gone down - thoughts which do not make any sense.....but the strangest thing is the way it ends; stating that the company still expects to make $250k per month profit....

this relates to the $3 mill. annual figure that has already been bandied about before.....so if it is on track financially, then what ???

Interesting overview of the global uranium market, predicting further price rises:

http://321energy.com//editorials/goldletter/goldletter052005.html

Very quiet today, not a single trade. Hopeing for a good rewrite of that artical by ShareMag this week. Lets hope they have got there facts right this time.