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 TFC..and just think all I was doing was taking the dog for a walk on Valentines Day in between Day trading. I bought the dog to make me leave my desk each day!! I still love her though :-)
Di

topped up @22.9p nearly bought @28p y/day but for a computer glitch[lucky me]
Alex

This is looking cheap again in my opinion and plenty of investors waiting in the wings to snap up stock. RSI at its lowest for some time as well.

Still waiting.. I don't think we have seen the end of the downside yet and I have to go out for Physio in a moment.. I suspect VML will still be going down when I get back so I will wait some more to buy back in.
Di dyor etc

23 to buy was a good price to top up .

Yep, topped up at 22.8. It'll be interesting to see whether we get any delayed trades at the end of day.

I also just topped up @ 23.24

ditto

I topped up at 29p :-(

don't worry so did I! Still feeling it will come good. As TFC said the Uranium price is so volatile to start with. Perhaps in a couple of months we'll be in the 40's or 50's or the swinging 60's even!

Sold all mine @ 22.5 ................ only joking LOL

An updated chart for consideration.

Next support at 22p, but tis only very recent support, so possibly somewhat weak. Hopefully the new, shallower trendline will do the business and prevent further falls. Personally, I'm looking to buy in at around 20p assuming the selling pressure has dried up.

Edit: Just noticed I said 20p, meant 22p or thereabouts.

pth

This is just a temporary blip. I would buy loads if down to 20p.

Minesite 6th May

The big faller was VANE Minerals (AIM: WML), which saw its shares fall 23 per cent to 24p after announcing that it has encountered some difficult drilling conditions in Arizona, where it is exploring for uranium. The market was discouraged by the admission that the company has been forced to alter its drill programme due to rig availability and weather problems and the need to satisfy agreed work commitments. It should be borne in mind, however, that the company has put up a great performance in recent weeks.

Lots of sellers , if it goes to 22p , its fill your boots time !

well Fliper the spread is too wide for me at the moment so I am still waiting to buy back...I still don't think the time has come yet though!
Di DYOR etc

certainly 22 is a pretty twitchy level and needs to be monitored carefully

I'm ready to twitch Cynic but I want to see signs that VML has stopped dropping first and my VML screen is all red and TA is still negative.
Di

The mm move the sp around during the day , a set buy order may get them at the right price . Buy at ?

Are the 22.70 a sell or buy ? could be a tight spread ?