Vane Minerals Share Discussion Threads

[martin c-j] 06/6/2013 08:30

rmart - your positive energy and enthusiasm is very much appreciated. I hope you will forgive a somewhat jaded bull. We all want them to succeed. Let's hope they do.

[russman] 05/6/2013 22:45

The Russians consolidating Uranium One may help the sale negotiations.

[rmart] 05/6/2013 22:06

No worries Martin, I hope it comes good for you. I am very positive that it will.

[martin c-j] 05/6/2013 17:12

Apologies rmart. I stand corrected. I got that wrong.

[gazza102] 05/6/2013 16:42

I can see why you say there is a lot of gloom on here. As for Matt Idiens i have nothing against it but I would say that when he was in charge did the company go from strentgh to strentgh?

But it's good that he has a vested interest as he will certainly want to get it going and I say good luck to him.

[rmart] 05/6/2013 15:55

Martin C-J

The stock's 50-day moving average is currently GBX 0.92.

[martin c-j] 05/6/2013 15:48

I liked the note from Northland, but it has too many errors for me to take it seriously. Not Hong Kong based at price is not 0.92p. Nice just the same. And Matt's a very nice guy, but if they aren't able to sell assets, generate cash and get back to exploring, then it will drift again instead of multibag. I have over half a million shares from various prices, so I would love to see it rise from the ashes.

[rmart] 05/6/2013 15:31

The company also unveiled co-founder Matthew Idiens as its new chief executive, replacing David Newton. Idiens was formerly an executive director of the company, but took a back seat last summer....

This guy founded the company. He will know exactly what to do to get it moving.

and he has a very large shareholding in the company which I think is always nice to see. He has been a consistent buyer of shares even at prices of 2.75p

[rmart] 05/6/2013 15:27

VANE Minerals plc Receives Buy Rating from Northland Capital Partners (VML)

Posted by Stephan Byrd on Jun 5th, 2013

VANE Minerals plc

VANE Minerals plc (LON: VML)'s stock had its "buy" rating restated by equities research analysts at Northland Capital Partners in a research note issued to investors on Wednesday, Analyst Ratings Network.com reports. They currently have a GBX 1.70 ($0.03) target price on the stock. Northland Capital Partners' price target indicates a potential upside of 240.00% from the stock's previous close.

Shares of VANE Minerals plc (LON: VML) opened at 0.50 on Wednesday. VANE Minerals plc has a 52 week low of GBX 0.31 and a 52 week high of GBX 1.345. The stock's 50-day moving average is currently GBX 0.92.

VANE Minerals plc is Hong Kong-based Company. It is engaged in evaluation and acquisition of mineral exploration targets, principally gold, silver and uranium targets and the development and operation of a mine at Diablito, Mexico.

[rmart] 05/6/2013 15:19

IMO it's a multi bagger or a drifter. Not much chance of it going bust. Too many assets for that.

I think they will sell the uranium assets and get a partner for the copper developments. If the gold find at borse it commercial then its happy days.

TOOOO much gloom on here imo with lots to look forward to. Dont forget this co is generating decent cash.

[gazza102] 05/6/2013 15:06

rmart - you're brave!!!! But the best of luck and I mean that.

[rmart] 05/6/2013 14:10

Gazza102. I meant the current shares showing today are totaling £600. Not my trades. I bought a lot more than that.

[gazza102] 05/6/2013 13:44

£600 a drop in the ocean - still they should show up. Any ideas why not?

[rmart] 05/6/2013 13:35

sammydeals,

they do not show buys. I bought quite a few days ago and my buys have never shown up.

I am sure there have been more the £600 worth of trades with those results.

[sammydeals] 05/6/2013 12:15

My trade not showing up today, wonder why? It was a buy at .60

[gazza102] 05/6/2013 11:52

They will hide behind the can't discuss court cases!!!!

[martin c-j] 05/6/2013 11:33

As previous announced, VANE has filed a lawsuit, as principal, in the U.S. Court of Federal Claims seeking redress on financial losses as a result of the withdrawal of the Federal lands where VANE held its mining claims on which it had invested substantially.
This claim was dismissed by the U.S. Court of Federal Claims on 30 May 2013 owing to a legal technicality regarding the filing of the original complaint and the company plans to re-file its claim forthwith.

Wish they gave us more info on the technicality and what the timing of the next hearing.

[gazza102] 05/6/2013 10:49

Cerrito - I think you hit the nail on the head - No reason to buy - But there could be if things work out eg court case selling assets etc.

I suppose that's the name of the game - Risk

[cerrito] 05/6/2013 10:45

My first reaction was asking who on earth is our new Chairman but after a Google search I guess Needham's Dad died so we have the same man
Perhaps the reason they delayed the results was that they wanted to see what would happen in the US Court case-I doubt it but I saw the case was dismissed May 30 for a legal technicality and it will be resubmitted.
Following this more as a matter of historical curiousity as at the current share price the current value of my holding-unchanged since last September-does not justify much time
Probably best for all concerned that Newton moving on as I am sure that Idiens has the time to do what is needed which is not all that much.
Good that they did so well beating the KPI's they highlighted
They are right to highlight the cash issue; basically we have had a very good year in Mexico-good operations, very good silver price-and we still get a post working capital operating cash flow deficit of £563K-£2980K in first half and £273k in second half; given lower prices for this year this operating cash deficit will be higher and to me the maths suggest the Mexican operations from an operational point of view will be hurt by the lack of cash/working capital in a few months time.
No reason to sell no reason to buy

[martin c-j] 05/6/2013 10:05

Thinking - I get your point, and would love to be rosy specked again, but they repaid the £500,000 before they published their interims where they had £1 million in cash. So between June and Dec 2012 they burned through £500k.

Their whole body language has changed since the interims. The only thing working is the Mill, and I still can't tell if they are generating enough money to do any exploration.

I am back to hoping again. I hope they get some compensation out of the US govt for the withdrawal of the federal lands. Maybe they get a couple of million dollars, which right now would be a game changer.

I hope they find a buyer for their uranium assets. The only buyer in town is Energy Fuels and they haven't bought yet. The Navajo saying they can't drive across their land at Wate is also another major negative.

DN is hoping to do some sort of deal before his departure at the end of July. It's either a partner to drill McGhee Peak or a buyer for the uranium assets. There is no guarantee he can bring this about before he leaves, and based on my current grumpiness, if it doesn't happen before the end of July, it makes it very unlikely a deal will ever be done on favourable terms.

Fortunately the MMs have marked this up this morning. Maybe they have got my rose tinted specs.

[rmart] 05/6/2013 09:57

Good results, a cash generating business with more mines coming on line this year so revenues will increase. All spending on exploration and drilling stopped whilst we find a partner, so big savings there. Uranium mine expected to get the go ahead next year. Uranium assets likely to be sold.

Success at Mcghee Park and described as This is an extremely exciting development for VANE.

Gold found at Bouse.

New mill for processing more ore to be built at no cost to Vane.

Oh and.. Revenue increased by 56.6% to £5.76 million and a market cap of £2.8m ! its bonkers.

The only thing i think they could have improved on is a small statement on post results production. This IMO would have shown good confidence.

[gazza102] 05/6/2013 09:30

You are cheering me up!!!! I agree with what you say.

Not sure why they had to delay these results - Might have kept the share price up a bit if they had realeased them earlier because as you say a profit is a profit.

[thinking] 05/6/2013 09:27

Martin - In my view its not that bad as they have repaid 0.5m debt so that would otherwise have been 1m in the bank which as you say would not be so bad, cash flow coming in is strong and we also have the court case outstanding which if won will be millions..... It certainly is not as bad as the share price would indicate! Plus assets for sale!

[rmart] 05/6/2013 09:13

L2 is 2v1. I suspect the mms are not publishing the buys again !

[rmart] 05/6/2013 09:07

1. Repayment of £500,000 of convertible loan stock
2. Drilling at Mcghee
3. Exploration work at Bouse which has produced strong anomalous gold and copper values.