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.

Good to give both sides of the story....

From Resource Investor..

James Dines Uranium Picks Review, Part 2

By Jon A. Nones
17 May 2007 at 06:16 PM GMT-04:00


NEW YORK (ResourceInvestor.com) -- With uranium now priced at $120/lb and supply-demand fundamentals overly bullish, its hard to stomach a contrarian viewpoint. However, with so many junior uranium stocks trading near 52-week highs, more and more analysts are questioning whether the market is getting overheated.

Last month at the Uranium Stock Summit, Rick Rule of Global Resource Investments recommended taking some money off the table.




Make the money, take the money, he said. We are late in the cycle. Weve gone from homeruns of 10-baggers to doubles and triples.

Rule said there is still money to be made, but advocated being very selective when picking the right uranium stocks. At the time, he suggested Denison Mines [TSX:DML], Azimut Exploration [TSX-V:AZM] and Paladin Resources [TSX:PDN].

James Dines, editor of the Dines Letter, told listeners at this years New York Hard Assets Investment Conference that most people still dont know that a uranium bull market is going on, so theres still upside to come. However, even the original uranium bug was less confident about the longevity of the screaming uptrend.

I will be taking you out of uranium in the next few years, said Dines. This is not a sustainable boom.

But Dines was not shy about giving suggestions in a special uranium panel called Mr. Dines Uranium Picks. Last year, Resource Investor decided to review Dines uranium picks from a similar panel in an article entitled, James Dines Uranium Picks Review.

At the time of the article, six of eight picks made throughout the year were in the green. Today, however, only five of nine are still positive.

At the New York Hard Assets Investment Conference in May 2006, Dines covered Pinetree Capital Ltd. [TSX:PNP], Laramide Resources [TSX:LAM], Alberta Star Development Corp. [TSX-V:ASX; OTCBB:ASXSF] and Continental Precious Minerals [TSX-V:CZQ]. Laramide is the shining star among this group, with Continental trailing the pack.

Re the above.

That a bit of a change from the, we are at 1998 in the dotcom boom and I see no reason why uranium could not get to $500.

I think we may be some where in the middle.

Up up and away.

Yes...I LOVE VML :-)

somethings going on me thinks...a sharp rise by all mms in last few mins

They have found Gold covered Uranium with specs of Silver. LOL

bugger...that was a quick move up and down :-)...back to patience again

Di ... have you set yourself an exit target, or will you just monitor, especially on downside

Cynic ..just monitoring...I rarely set targets. The higher the percentage of profit I am in the more likely I am to jump out. I did think about it briefly at 27.5p as 30% is a good profit but I think there is more to come yet. Other people have obviously made their target and jumped out hence the drop back again.
Have you bought back in again or given up on VML Cynic?

In the hands of short term traders at the moment this one.

At some point good news hopefully will come along and catch them off guard and have them cursing for the opportunity missed.

no; certainly haven't given up on VML but bought UMN (and HAWK, being a mug punter!) .....

a chart to remind you ......



red = 25 dma
green = 50 dma
black = 200 dma

interesting viewing, that chart ..... on its recovery from about 20p, it tested and failed a couple of times to break back above 50 dma .... it has now done so with quite good impetus and has even re-pierced 25 dma

Cynic - you're into HAWK ? Pretty brave..................

need Hawk to go wrong so I can lambast my "friends" here .... lol

HAWK is certainly a credible company to BUY - very good management, just like VML. I will dip into HAWK tomorrow as more news is imminent.

I see the TIMES have tipped this one this morning.

Anyone know what it said?.

The Times Thur 24May 07

"Vane Minerals rose 3p to 27.5p on higher uranium prices and amid gossip that it was close to finalising the acquisition of another uranium project. The AIM-listed group, which runs a Mexican precious metals mine, as well as owning uranium prospects in the US, is in the middle of a strategic review to maximise the value of its portfolio."

mistral120
Nice wright up, cheers.

Vane Minerals PLC
24 May 2007



VANE Minerals Plc



ACQUISITION OF NORTH LA SAL PROPERTY, UTAH



VANE Minerals Plc is pleased to announce that its wholly-owned uranium
subsidiary, VANE Minerals (US) LLC ('VANE (US)' or 'the Company'), has acquired
a 100% interest in the North La Sal Property, a 320 acre exploration lease on
State land located on the prolific La Sal channel in southeastern Utah.



The La Sal channel is located in the Salt Wash Member of the Morrison Formation
which is the main formation for uranium / vanadium production on the Colorado
Plateau. According to U.S. Department of Energy records, production from the La
Sal channel up to 1981 was 6.4 million pounds of uranium oxide (U3O8) and 28.8
million pounds of vanadium oxide (V2O5). Recent announcements from other
companies working in the area have reported the start-up of mines on reserves in
the La Sal channel. Some of these reserves are located in the Hecla Mine that
is adjacent to the Company's lease.



Matthew Idiens, Director of Corporate Development, commented, 'We are delighted
to have acquired the North La Sal property, and given the area's historic
production we believe that it has excellent exploration potential for both
uranium and vanadium oxides. This represents a valuable addition to our existing
uranium portfolio and we will look to realise the value of this asset as quickly
as possible.'





Enquiries:



VANE Minerals Plc
Matthew Idiens

Back up, now some blue.