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 guys,
It beggers believe, what plonker buys 13,655 for 14.5 @1100hrs and then sells 13,655 for 14.07 @ 1339hrs?, a case of more money than sense I guess. What you might call a real grasp of the situation (NOT)
Loadsa

I believe there has been some happenings in London, nothing to serious by the sounds of it. Think he/she is playing it safe.

Daws

Hi loadsa, it happens every time on this share!

I agree about a steady incremental climb being preferable. But we just seem to have the usual group determined to short-term-trade there way into a gain of a few pence on every available occasion. (And we know who some of them are!)Which I don't object to - but as you say it beggars belief. (Didn't we have this conversation a few months back and actually work out how little they were making?)

As long as we get a sequence of higher lows I shall be happy.

Cheers, Madison

could be a write up in tommorrows ic


http://www.investorschronicle.co.uk/system/search/results.jsp

here it is :-)

VANE MINERALS (VML)
Climate change and the rising cost of energy has put nuclear power back in the limelight. And nowhere is it more popular than in the Far East, where China leads with nine completed power stations and another 10 under construction. France is another advocate, relying on nuclear power for close to 80 per cent of electricity production - in Europe, both France and Finland are proposing to build at least one more nuclear power station. And where there's more nuclear power production, there's more demand for uranium.

This news is important for Vane, which joined Aim via a placing at 11p in June 2004. It's important because the company is best-known as a silver and gold explorer - and now producer - in Mexico. This May, it announced that mining had started at its wholly-owned Diablito narrow-vein silver mine in western Mexico. In time, Vane hopes to earn profits of $250,000 a month, assuming output of 50 tonnes of ore a day. It has also completed a detailed geothermal survey of its 100 per cent-owned Guadalcazar property in east-central Mexico and identified at least eight drill targets.

But Vane's longer-term fortunes may be linked to the uranium resource acreage it has been busy pegging in northern Arizona. There, it has discovered 16 potential drilling targets and is keen to "dramatically increase" its uranium portfolio.

Ord price: 14.75p Market value: 21.6m
Touch: 14-15.5p 12-month High: 23.75p Low: 8p
Dividend yield: nil PE ratio: na
Net asset value: 9.5p Net cash: 2.34m

Year to Pre-tax Earnings Dividend
31 Dec profit (000) per share (p) per share (p)

2004* -599 -0.52 nil

Market makers: 5
Traded on Aim
Last IC view: 18 Mar 2005, page 38
*15 months

Positive cash flow and the uranium option increases Vane's attractions. Buy.

Lets have some investors in this one now please...........with a nice steady walk back up to the 20s. The management on this one is excellent things are looking brightly

Just going back to the copper news a minute...this from Bloomberg today...I see that inventories of copper monitored by the London Metal Exchange are at a 31-year low:

Oil, Copper Rise as Yuan Gain to Boost China Demand (Update6)

July 22 (Bloomberg) -- Crude oil and copper rose on expectations China will boost consumption of raw materials after the country revalued the yuan, making commodities priced in dollars cheaper to import.

``China now has more buying power to satisfy its appetite for commodities,'' said Mike Armbruster, co-founder of Altavest Worldwide Trading Inc. in Laguna Hills, California.

China Petroleum & Chemical Corp., the largest oil refiner in Asia, and Jiangxi Copper Co., the country's biggest producer of the metal, are among companies that will benefit from lower import costs. The nation is the largest oil consumer after the U.S. and the biggest nickel buyer after Japan.

Cheaper raw materials may accelerate demand already up from last year with the expansion of China's economy, which grew 9.5 percent in the second quarter and helped fuel a four-year surge in commodity prices. The Reuters/Jefferies CRB Index of 19 commodities rose to a 24-year high in March. Oil reached a record $62.10 a barrel on July 7, and copper touched a 16-year high last month.

China will value the yuan against a basket of currencies, the central bank said on its Web site yesterday. The new yuan rate strengthens the currency by 2.1 percent to 8.11 per U.S. dollar immediately, the People's Bank of China said. Until now, the yuan had been pegged at about 8.3 per dollar.

Cheaper Commodities

``Anything that makes commodities cheaper for China will stimulate demand,'' said Nick Moore, a metals analyst at ABN Amro Holding NV in London.

Crude oil for September delivery rose as much as 37 cents, or 0.7 percent, to $57.50 a barrel in electronic after-hours trading on the New York Mercantile Exchange. It traded at $57.43 a barrel at 11:41 a.m. Singapore time. Yesterday, the contract fell 89 cents, or 1.5 percent, to $57.13, having earlier traded at a five-week low of $56.50.

``This may allow China's refiners to return to some degree of profitability,'' said Gerard Burg, a minerals and energy economist at National Australia Bank Ltd. in Melbourne. ``We may see oil consumption in China rise as a result.''

The oil-import bill for China rose 42 percent to $15.2 billion in the first half, the state news agency Xinhua reported on July 11.

Every 1 percent appreciation may increase the 2005 net income of China Petroleum & Chemical, or Sinopec, by 3.5 percent, Fan Cheuk Wan, head of China research at ABN Amro Bank NV in Hong Kong said in a note to clients May 9.

`Good News'

A revaluation is ``good news for us because we buy oil in U.S. dollars,'' said Huang Wensheng, a spokesman for Beijing- based Sinopec. About ``21 percent of our oil is from domestic sources and 79 percent is imported. It will mean substantial savings for us.''

Copper futures for September delivery rose 1.25 cents, or 0.8 percent, to $1.5825 a pound in electronic trading on the Comex division of the New York Mercantile Exchange. Prices climbed as much as 0.9 percent yesterday to $1.606, the highest since a 16-year high of $1.61 on June 17.

The growth in China's industrial production accelerated to 16.8 percent in June from 16.6 percent in May, the Beijing-based National Statistics Bureau said this week. China's copper usage rose 3.1 percent in the four months ended April from a year earlier, the Lisbon-based International Copper Study Group said July 14.

Jiangxi Copper

``We buy large amounts of copper concentrates and equipment from overseas that are denominated in dollars,'' said Huang Dongfeng, corporate secretary of Jiangxi Copper. ``The 2 percent revaluation will help reduce costs by an estimated 50 to 60 million yuan a year.''

Inventories of copper monitored by the London Metal Exchange are at a 31-year low. Nickel prices for delivery in three months on the London Metal Exchange fell 2.4 percent to $14,050 a ton yesterday after rising as much as 0.9 percent.

``There's enormous strength in the Chinese economy and it's been a major driver of demand for metals,'' said Denis Couture, spokesman for Falconbridge Ltd., the world's third-largest nickel producer.

Cheers, Madison

".....It has also completed a detailed geothermal survey of its 100 per cent-owned Guadalcazar property....."

geothermal ???

should be geochemical or geophysical.....??

Off to a great start this morning, you could say that it's copper bottomed.

loadsa

The first tick up of the day already, was there any news coverage on vane over the weekend?

Loadsa

Struggling to see your tickup loadsa! But an interesting start to the day...and a great newsflow to come over the next few months.

Cheers, Madison

Good morning Madison,

Mid price has moved from 14.75 to 15 showing on trades here and at The Share Center.

Loadsa

See what you mean loadsa. Was looking at the stockwatch midprice which remains on14.75.

Cheers, Madison

Steady buys as (hopefully long term) punters come aboard, overall blue so far

Loadsa

Vane will no doubt be a winner by the end of year...it is a good chance to BUY now

Just ticked up to 15.25 a nice steady rise today

Loadsa

I think even the usual crowd of short-termers might fancy their chances if they stay a while. With ma150 only a tick away some of the TAs may be attracted.

Cheers, Madison

I agree Madison but wouldn't it be great if they exceeded the expected tonnage/day.

Loadsa

Got a good write up in Shares Mag :-)

loadsa - it would indeed! Though what matters is for cashflow projections to become reality. I think that's been a barrier to some investors coming on board. But a barrier which is about to be lifted. One thing I like about this company is the multiplicity of routes available without the potential cash outlay that's so often required with miners.

I guess what many of us look forward to is more information coming through on the uranium front. The last uranium RNS was "We will announce further data on these properties as soon as they become available." That was on 3 May. Bear in mind that Vane only announced their uranium intentions on 7 March, less than five months ago. They've managed to come a long way on a lot of projects since then, keeping us well informed all the time. I think ultimately the sp will come to reflect this as the company matures.

I feel a further uranium update can't be too far off, whether it's further data on the present 16 sites obtained or news on another front. Let's hope so anyway.

Cheers, Madison

ps Oracles - which Shares mag? Do you mean last week's?