Vane Minerals Investors - VML

Vane Minerals Investors - VML

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Vane Minerals VML London Ordinary Share GB00B013M672 ORD 0.1P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 0.425 00:00:00
Open Price Low Price High Price Close Price Previous Close
0.425 0.425
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Top Investor Posts

richgit: I am just watching. The name change will confuse the hell out of prospective investors, with Copper, Uranium & Gold, and a name of Rose Petroleum, yet looking at their statement,it will be Business as usual until they find what they are looking for. You would suspect there is a bit more to it than that. My fascination,is that Fracking & UK Gas could become a bit of a frenzy for Market interest in time. As I believe that,in time, Gold & Silver will rise strongly it makes a somewhat rag bag of assets Company look potentially very interesting. Maybe their luck and Market sentiment will finally turn,as the Fed and Bullion Bank arranged manipulative Gold smash was incredibly bad timing, just as they were in a position to build up cash for Copper drilling. However like the very same arranged Gold smash 13 years ago, We all know what happened eventually, and I would wonder if Management have foresight of that. If they do, then hopefully the Gold operation could yet be a nice little cash cow to support whatever becomes the feature of "Rose Petroleum"
rmart: well, we will all see the result if and when the proposals are voted through on the 15th. Only then will we get to know the real thinking behind this. There are 2 main investors coming in, they have put in a lot of money. They must have a plan to make a profit. As far as I know they are still mining gold?
rmart: yep, then they will tell us the plan and about any sales and up the share price will go. That will do for me. Time to buy is now at the prices the investors are getting. imo
richgit: Fascinating. There is consensus that Shale Oil investor frenzy will hit the UK at some point. Even that wily Fox- Algy Cluff is looking at forms of UK Gas Of course also Gold will soar at some point in the next 6 months, so what will happen with that ? I will be watching this for further details, if someone posts the contents of the proposals,
kiwimonk: good move - new investor - new business effectively. wouldn't buy the shares though - consolidation will probably happen, and that will really screw your holding.
rmart: And the mining income from Mexico ? At the placing price this is a bargain. I understand if you are in at 5p and are annoyed and I do feel for those in this position, but for new investors this is a great opportunity IMO.
combo83: Shouldn't come as a surprise -- there were plenty of hints in recent statements about their struggle to balance revenues with expenses and their inability to fund an exploration programme. Hopefully this expedites their drilling plans and gives them another shot at finding a porphyry soon. From 442 million shares in issue to 793 million, about 80% dilution. That's 44.12 per cent of the company now gone for a meagre £1.39 m. Very painful for investors but at least they can get drilling again. Wouldn't be surprised to see analyst reports adjust their previous targets down to 0.8p or so in line with dilution.
rmart: 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 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.
opaldouglas: Gazza, what is the current wage bill for Vanes Geologists? FYI - an article I posted on the BMZ thread a few days back highlighting the optimism in the US market. THE US is fast becoming a resources frontier Australia's junior miners are keen to explore as they chase early production projects to counter the waning investor appetite hurting the smaller end of the sector. While previous pushes into new regions, such as Africa and South America, have not always paid off for the junior sector, many believe the US will reap early rewards because of its stable political environment, existing infrastructure and the many previously operating mines that are worth a second look. The North American mining space also lacks a competitive junior market, making it ripe for Australian companies struggling to get ahead in the domestic domain. DJ Carmichael analyst Paul Adams said that when he looked at future trends and examined which junior companies would get into development over the next few years, it was the exploration companies with an interest in the US that stood out. Digital Pass $1 for first 28 Days "Over the years we've seen progression from Australia through to Africa and through to South America, which is now becoming crowded, so where are companies going to go? Where is the next unexplored region?" he said. "I think it's the US, and the US is the next big thing for ASX-listed juniors." Black Mountain Resources, which has silver projects in Idaho and Montana, is hoping to cash in on the opportunities in the US. All three of its projects host previously operating mines and are located in two of the world's most developed and proven silver mining regions. The company sees the opportunity for juniors to quickly jump to developers, without the years taken by start-ups in regions such as Australia. Chairman Peter Landau said the US did not have a junior resource market and mothballed mines or historic deposits were now starting to gain attention. In the 1990s, Australian juniors in the oil and gas space entered the North American space. Mr Landau said he could see that now happening in the mining space and he expected more to follow once success stories emerged. "We need to get into production and when people see what we can do that will be a trigger point for the sector," he said. "The US is a third of the cost of Australia, while they have the same health and safety regulations. "It is a qualified mining district and the states are hungry for business." DJ Carmichael's Mr Adams said investors no longer wanted to hear about juniors heading off to find and develop "world-class" assets, saying he would be retired by the time any such project reached production. "There are prospects in the US that may not be the 1 billion tonnes of copper or 10 million ounces of gold deposit, but I'm more interested in companies that say they have a tier-two, or three, asset and they think they can get it into production and do that in four years," he said. "If a company comes to me with that mantra, with a proven management team, then I'll take notice." He said that when looking at what the US had to offer, it was hard to pass it by, but many companies had not really thought about it as an exploration destination, as they focused on Africa or South America. "Domestically, there isn't much of an exploration industry in the US. It's been a forgotten industry for 30 years and it's just not on their radar," Mr Adams said. "You can still pick up projects just by going out there and banging a piece of steel in the ground and putting the claim in. It's open ground." Another attractive feature of the US was that it lacked the "use it or lose it" policy companies struggled with in Australia, where they had to commit to a minimum spend on mining tenements to maintain the rights to the project. Aus American Mining, which is focused in Arizona, is another Australian-listed junior that is punting its fortunes on the US and is comfortable being one of the "first-movers" in that space. Executive director Jim Malone said Australian investors were slow to adopt the idea and were very "parochial" with their investments. He added that the recent focus from juniors looking to expand into Africa and South America had meant investors were not yet following the North American story. "One of the juniors needs to get a project developed for the region to gain momentum," he said. "Once people can see that you can get projects permitted and into production, the interest will come."
opaldouglas: Update from proactive investors today: VANE Minerals is primarily an explorer, says CEO Newton 11:00 am by Jamie Ashcroft It has been tough for most of AIM's mining companies, and VANE is no exception Investors must not lose sight of the fact that we are primarily an exploration company, VANE Minerals (LON:VML) chief executive David Newton told Proactive Investors. Newton explains that even though it is among a select group of AIM firms to actually have an operating mine it is best to think of VANE as an exploration company with production, rather than a producer with exploration potential. While this is a fairly subtle point, it is an important one. The exploration portfolio has the potential to significantly increase the company's current market valuation, which at a meagre £3mln doesn't even account for the mining operations in Mexico. It has been tough for most of AIM's mining companies, and VANE is no exception, particularly after its promising near-term uranium development projects were shelved by the Obama administration. Nevertheless value remains in VANE's gold production and its potentially high impact copper exploration portfolio. Producing gold at a rate of almost 5,000 ounces a year (and 100,000 ounces of silver) VANE's production profile is modest but strategically valuable. It is expected to throw off revenues of more than $8mln a year, which makes the mining operation the solid foundation of the exploration business. Having cash flow means the company doesn't have to continually tap investors for cash - a significant plus in these tough and often dilutive times. "If you look at the other exploration companies that have come to AIM over the years, many of them have failed. Having the protection of production and the cashflows it provides, has helped set us apart," Newton said. "It gives us the means to fund the business. So it is very valuable." If production is VANE's lifeblood, the group's exploration portfolio presents the blue sky potential and ultimately its long term future. In this area of south west America more than 30 porphyry systems have already been unearthed by the mining industry so far, largely from outcropping prospects, but as around 60% the area's geology is in hidden beneath the terrain there is thought to be much more untapped potential here. "We are hunting big copper porphyry systems. And the potential upside if we find one of those is very significant." Copper porphyries are massive, Newton explains. "In Arizona there are some porphyries which contain over $40 bln worth of copper." VANE has also added more projects to the portfolio recently. Notably, earlier this year it bought 38 unpatented claims in Idaho. Newton describes these assets as exciting but early stage. VANE will initially pay just US$20,000 for the assets (via a royalty) in the first year and this will rise by US$10,000 a year to a maximum of US$100,000. "It [the area] has historical drilling from 1969 that has shown some copper. But our technical view is that additional drilling is needed to assess whether there might be a copper porphyry, we'll also assay the gold, silver and 'moly' (molybdenum) that's present. "It is an exploration play. It will now slot into our prospective landbank and we'll drill it at some point in the near future." VANE has yet to clarify its exploration drilling plans across the portfolio for next year and such plans are likely to provide catalysts as they emerge. Although VANE is primarily an exploration company, Newton says it is important that the company still balances its spending to maximise the production from the Mexican joint venture. To do this it has agreed with its partner, Met-Sin, to develop additional mines to start production next year. "We have enough resource to continue production through the medium term and we are now looking to grow that part of the business and therefore increase revenues."
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