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.

although i don't want to bring any bad karma to VML;

check out RTM...... hahahahahaha

Vane have developments across a range of minerals. The immediate focus is that news from Diablito's gold mine is expected within a relatively short time. The price of gold has been advancing while we wait, and that can only be good for VML.

Cheers, Madison

yesterday I was pondering writing about how quiet it had all gone, and static...and then today.. it all came at once... apart from speculation about prospects are there any reasons why this rise happened today?

Protected buyer pushing price higher.

good to see we have pushed out of the 15 -16p band that we've been stuck in for the last week or so.
Nomad - with oil prices reaching record highs today, think we've had some good sentiment etc.. also i think we were due a little rise as everything seems to be going to plan etc.

daws

I dislike interpreting the MMs' actions and usually refrain from doing so, but I've been thinking for some days now that they were trying to build up some stock (presumably prior to an announcement). It seems unlikely that the bid has been raised to attract sellers so often recently if they didn't think it likely that they could be offered at a higher price fairly soon. There has been a pretty consistent pattern discernible for some time. (But I could be wrong!)

Background music is the oil price rise, and the Reefton fiasco leaving Vane as one of the only uranium plays on the LSE. More important is the quality of the company, the range of potential over different minerals and the secure management. This has been detailed on this thread frequently. Anyone considering getting onboard could do worse than spend an hour or so reading a highly informative thread. (Besides of course researching elsewhere too.)

What we are waiting for next is news from Diablito and the firming up of cashflow projections into reality. (Though we could be surprised by news on a whole range of things including the uranium sites.)

Not entirely sure that all today's "sells" were actually sells, but I'm not inclined to worry or think about it. Spent the day happily on the beach and may well return tommorow.

Cheers, Madison

Definately nice to see this one move up! I agree with the reefton fiasco having a positive impact. The recent float of Uranium mining corp on the 2 aug illustrates what a good uranium prospect can do to the share price, doubling in a couple of weeks.

However, as with most investors on this board im in for the long term happy to let the MMs and traders have their fun onwards and upwards............

interesting pice on VML in
www.scsw.co.uk
anyone have a target??

Seems like MMs very happy to pay well for stock. Which is usually a good reason not to give it to them.

DP - what does it say?

As for targets, I don't have any. But a lot on this thread are happy with purchases made well above the present level....

Cheers, Madison

Hi dorothyP
A great many of us do not subscribe to the site you quoted so please enlighten us what does it say?? otherwise the post 1028 has no value. Unless of course you are on commission

Loadsa

http://www.timesonline.co.uk/newspaper/0,,2769-1733907,00.html

Large interesting article in The Sunday Times where Vane gets a small mention.

Cheers, Madison

Must be due a tick up soon

Afternoon all
Good to see this share making progress, this .75p rise would have taken three .25 increments a short while ago, now it jumps that in one move, that, along with the overall buying trend indicating medium to long term buyers are in the picture is good news IMHO

Loadsa

There will probably be an RNS released over the next day or two. And then, despite the good news being told, the share price will fall!

Hi Tallsii
Do I gather from your bitter tones that you bought in too soon, surely you were aware of the usual time scale attached to this type of share??

Loadsa

Loadsa, I have no doubt that the future is there with this one, but am sure that you are aware that there is no point getting excited about short term movements in the price if you are a genuine long term holder.

tallsiii - I take it those three large T trades are probably buys. What's your view?

If so, then that's the sort of healthy buying we've been waiting for for a few months now.

Cheers, Madison

three large t trades and the price goes up. Could anybody confirm if t trades can be filled over a number of days or is it just the one? Defo the largest trades we've had for a while i think

Daws

Daws - it's a good question - to which I don't know the answer, (but there must be somebody here who does...)

If you assumed 24 hours, then those three T trades could easily be buys processed largely at the end of yesterday but not finished till late today. In any case if they were sells I imagine the sp would have gone down quickly and markedly. And it fits in with the general pattern lately. Unless there's a big markdown in the morning I'd assume they're probably buys. (The only other scenario that makes any sense to me is that they're sells 'generated' in order to fill another buy order that's being processed.) Either way it's good news.

However, I remain open to being educated by someone more knowledgeable on these matters!

It does seem like that next RNS is very eagerly anticipated now.

Cheers, Madison

A few extracts from "Profit from the uranium bull run" by Gary White
15.08.05
UK-Analyst

"Profit from the uranium bull run
Says Garry White, Stockmarket Reporter at UK-Analyst.com

These recommendations do not constitute advice, please read the risk warnings

An interesting shift is happening in the energy sector and it almost looks like a step back. Actually, it probably is the most sensible way forward. Its nuclear power and the current tight supply of oil is forcing many governments to look at this alternative source of energy. The US, as ever, is leading the way, but there is also a lot of interest in the technology in Asia due to the scarcity of coal reserves across the continent.

Nuclear power is going to be a cornerstone policy as the US Government tackles its energy crisis. Part of this will be upgrading the national power grid, which has been substantially neglected. But the bill is set to promote nuclear power, reversing years of policy after the Three Mile Island incident sent serious doubts about the technologys safety.

Two months ago George Bush became the first incumbent resident of the Oval Office to visit a nuclear power station for 25 years. To rapturous applause, his speech at the Calvert Cliffs Nuclear Power Plant in Maryland went down a storm. It has been 30 years since the US last constructed a nuclear power plant, but that is set to change. Nuclear power currently provides 20% of US electricity needs - but the President wants this to rise. After all, isnt becoming less reliant on foreign oil the patriotic thing to do?

Dozens of reactors are being built or planned in Asia, several in Europe, and there is talk of new reactors being built in much of the rest of the world. European manufacturers are even looking at nuclear power to manage their own long-term power prices, with Alcan said to be considering building a plant to feed its aluminium smelting capacity in France. Construction of a reactor in Finland is already under way to supply the pulp and paper industry. France announced this summer that it would help Libya plan a nuclear energy programme.

Uranium is the fuel that drives the resurgent power revolution and, although its price has jumped already, it looks like the price of this radioactive metal is firmly on an uptrend. The uranium price during the 1970s was $43 a pound but, as nuclear power went out of fashion, the cost of the metal plunged to around $7 a pound. Today, the price stands at around $30 a pound - still below historical highs. There are even some analysts forecasting that the price of uranium will hit as much as a whopping $100 a pound, but this is probably over optimistic but not impossible. A conservative target for the commodity of $50 a pound is realistic. Basically, it looks like the uranium industry is going to turn into a bit of a cash cow over the next decade and now is a good time for a long-term investor to get in on the act. And it's all about yellowcake.

Yellowcake is the mineral that contains uranium. Now is a very good time to get hold of such a resource before prices really rocket. And the big global players know this. Recently, the world's largest mining company, BHP Billiton, snapped up Australian group WMC Resources. Why? Well, because of its Olympic Dam uranium resource, of course. It's the world's largest single uranium resource - and they wanted it. The WMC board fully expected that the uranium price would jump - and they pulled off some good negotiations, so BHP was forced to increase the price. Hedge funds have even started buying uranium - the signals are that bullish."

Cheers, Madison