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.

fliper ... of course there is always an anti-something-or-other to every saying ..... thus to "Who dares wins", counter-balance with "Fools rush in where angels fear to tread" ..... and to "One needs to speculate to accumulate" one might counter with "A fool and his money are soon parted" ..... on prend sa choix

Like Di , many holders have seen the potential in this one , and have got in .They are now watching from the side line . Some are a little bitter because they could have got in but did not . Missed the boat springs to mind .

not remotely bitter .... why on earth should i be? ..... (a) one can't and should not chase everything and (b) i note my portfolio is +83% for the financial year to date

Well done cynic 83% is never bad , hold onto goo and you may be alot more . vml falling back now after two big jumps in two days .

All 20.27 trades are sells , just done a dummy run .

did not intend to boast, but just occasionally i rise to bait ..... no prob; no doubt you will reduce my capital gain on the course!

recollect that i was originally told about VML when they were about 12p perhaps 2 years ago ..... don't think they did anythibg kuch so i bailde out.

I think a little fall back is on the cards . If it drops back to 18 i will fill my boots .

my advice, which i admit is worth bugger all, is merely to watch at 18, taking your decision at least partly on how the markets in general are faring .... 15 is the level from which the latest surge started and is certainly a level which should give good support ..... i think 25 dma is rising quite sharply towartds that level too.

off towards resistance at around 24p today. Speculation ?

Falling back now , cynic will be smiling .

down 0.25 is scarcely falling!
if you want to see something fall out of bed, have a look at SOLA at the mo ..... think many were automatic trades - e.g. triggered by fall through 25 dma or 500 or similar

Well it was to be expected , a fall back but plenty of buys at 20.5 , wednesday could be a top up day ?

rsi shows still very heavily o'bought, so with care

Price not falling now, cannot get in below 20.5

but tiny tiny volume .... only 222k shares = 45k

Yes but as you said , any amount on small cap and the sp goes up . I think this one is right for another move up . 23p ?

perhaps ..... haven't really followed either VML or UMN to get a feel .... however, both are currently quite badly o'bought so a breather (at least) is due

Remember what the director said , The shares could be re-rated . Positive outlook .

fliper
Going up nice and slow that's just how I like it.

Buyers coming back in for these , a tick up on friday i think .