Vane Minerals Share Discussion Threads

[freddie ferret] 23/10/2012 15:25

550,000 through today so far, at less than 1p, do the sums. :-))

[christianf12] 23/10/2012 14:15

500k buyy reported after close yesterday. All trades are buys today. MM's have no stock. Can see 1.5-2p area soon imo

[martin c-j] 23/10/2012 14:07

There's the second blink. CANA raised the offer but not the bid, so their spread is now 0.15p. Looks like they are trying to make it happen.

[martin c-j] 23/10/2012 13:53

Looks like SINGER blinked first and raised the bid. Is CANA going to follow them up? Volume is nothing so this could be just the MMs trying to drum up a technical move up. Chartwise we have just bounced off the lower support line.

[christianf12] 23/10/2012 12:23

They have to legally fill 30k orders as that is normal market size (NMS) in this stock or move the share price up. I'll try a few I think.

[martin c-j] 23/10/2012 12:20

Just an observation. From a year ago we had this statement from VML regarding the Rose project. There is no point in coming out with an NI compliant statement if it means they have to fork over $250,000 and they have a partner who isn' really interested in developing it further. If a buyer comes out of the woodwork, then I would imagine an NI compliant statement would miraculously appear. They clearly have a very promising site, just don't have a way to realise its value yet.

"Under the terms of the agreement with U1, VANE will manage the exploration of the Rose project and all expenditures will be shared equally with U1. Upon outlining a 1.0 million pounds U3O8 NI43-101-compliant resource, VANE will make a cash payment of US$250,000 to U1. U1 will then assume management of the project and upon securing a mineral lease from the State of Arizona, VANE will make a final payment of US$250,000 to U1 in order to acquire a 50% interest in the Rose Project. The Rose Project is operated separately from the existing VANE-U1 joint venture."

[martin c-j] 23/10/2012 12:00

CANA and SINGER are very keen to be involved with this. Their bid/ask is 0.83/0.93p, with a spread of 0.1p which is miles better than the next MM which is PEEL and SCAP at 0.25p.

[christianf12] 23/10/2012 09:12

Can buy 15,000 shares online at present, THAT IS IT : ))

[combo83] 17/10/2012 16:42

Last time I put a large buy order in here shortly after the opening bell it ticked up 11% on zero-volume. The MMs can also play it the other way round as MCJ describes.

Off-topic, but I noticed VML mentioned that a couple of their new concessions (disbanded old gold mines) are similar to the nearby Copperstone mine. After doing some DD on the company behind this mine, American Bonanza Gold (BZA) listed in Toronto, I think it's worth taking a look. Ugly chart but interesting mcap.

gla

[gazza102] 17/10/2012 12:56

I do and what I thought. And the MM are very quick to drop the price and take a long time to increase it.

All back to front!!!!!!

[martin c-j] 17/10/2012 11:20

It is because they try to panic people into selling by dropping the price, hence providing liquidity to fill their larger buy order. I think that is how MMs usually work. You would have thought it the other way round. Raise the price and people should sell, but fear is more powerful than greed and if people think the price is dropping they are more likely to sell than if you think the price has further to rise. A bit wordy but hopefully you get my drift.

[gazza102] 16/10/2012 15:25

Why drop the price when you are trying to fill a buy order?

[martin c-j] 16/10/2012 13:28

It looks like PEEL, SINGER and LIBC are doing their best to make a market. They are all messing with the bid, hopefully trying to drum up some volume to fill a buy order. That 2 million at 0.9p was a pleasant surprise.

[gardenarc] 16/10/2012 10:40

A good time to add on a 3 year view.

[gazza102] 16/10/2012 10:24

Hi I noticed that 2m buy. Interesting!!! Anyway soaks up all the sells recently.

[opaldouglas] 15/10/2012 20:32

Martin, it looks that way. Big 2M trade on the bell @ .90p which looks like a buy.

[martin c-j] 15/10/2012 13:16

Many thanks Douglas. Nothing to report yet then.

Interesting bit of movement from the MMs this morning. Singer dropped the bid to 0.8p at 9:28am, only for Peel Hunt to step in and raise it back up again at 9:58am. I think people are happy to buy around these levels. Looks like 0.8p to 0.85p is where people think it is worth having a buy order sitting. I can see it retesting highs of 1.25p, just for technical reasons. That's a 40% return for a trader.

[combo83] 13/10/2012 17:02

Edit: Posted on the wrong stock.

[opaldouglas] 12/10/2012 12:42

New Mexico Website shows McGhee Peak & Lone Hills under pending although these were both permitted some time ago... I don't have the link for Arizona info.

No news yet on Bouse.



Q3 update should be coming in within the next month. With gold prices holding onto higher ground this bodes well although i think David Newton mentioned revs would be slightly less due to processing stockpiles.

[martin c-j] 12/10/2012 11:31

Has anyone got the links that give the status of the mining permits for New Mexico and Arizona? It would be good to see if there has been any progress made. It has gone very quiet otherwise.

[opaldouglas] 25/9/2012 23:45

Martin, steady as she goes. I'll update header shortly to reflect recent updates.

Combo - you've hit the nail on the head. One can only think Vane want a larger single resource prior to bringing out the 200tpd as location will be important. I'm not holding my breath but we know Vane are actively looking at targets.

[martin c-j] 25/9/2012 17:19

At least the price is consolidating at a higher level. Now all we could do with is a bit of good news. The glow from the results has worn off already.

[combo83] 19/9/2012 19:49

Good points Opal.

I do wonder why they want 5 years supply before commissioning a new mill. If the SDA mill cost $300k, then wouldn't a similar capex for a 200 tpd mill allow them to breakeven within a month or two? Must be missing something here...

[opaldouglas] 19/9/2012 08:57

Gold & Silver reacting well to BOJ money printing. Will be interesting to see what information is forthcoming from BOE later today.

[opaldouglas] 18/9/2012 15:17

Combo, i can't argue with your strategy as Copper exploration targets will be the catalyst for an triple digit figures re-ratings.

That said with cash being conserved for start of 2013 and much publicised revenues from Mexico operations Vane is in a great position moving forward and it seems like the company has finally learnt how to manage its finances.

With every month that passes Vane will add $1M (gross) into its war chest and we can look forward to next concession (Saltito) coming online which will once again add to revenues and/or security of supply going forward.

I know i always bang on about Mexican operations but it may not be unrealistic to see new 200tpd mill come into operation as this has always been the long term goal, should this happen their will be a significant move upwards. Factor in rising metal prices and this alone should move Vane northwards.

Lastly uranium deals may be forthcoming, but more importantly theirs a small chance that Vane (along with others) will be granted the right to challenge federal state lands decision, this would also have a positive impact on Vanes share price

Still v undervalued at present, happy to hold and add.