Vane Minerals Share Discussion Threads

[gazza102] 15/1/2013 11:04

Opalddouglas - You are too kind.

what more could I expect - Alot!!!! for example what is the stategy going forward.

As for going forward with Uranium as suggested by jose - I have to agree with Martin its a non starter which I hope they do not go back too.

Kooba seems to have gone missing - He is very informative.

[martin c-j] 15/1/2013 10:52

Speaking of Energy Fuels, it makes interesting reading to see their latest set of results from a couple of weeks ago. Just goes to show what you can do if you have a decent stockmarket and can raise funds reasonably easily. I had hoped VML could have raised funds in Canada instead of AIM, but that is probably too late now.

[martin c-j] 15/1/2013 10:28

As for uranium, U-1 just got taken private by its russian owners. The JV with U-1 is dead in the water and nothing has happened since the deal with the russians to take over part of U-1 over a year ago. Americans do not take kindly to russian ownership of us mineral rights. We also have had Fukushima and the drop in prices of uranium, which probably makes it hard for U-1 to find a buyer for their US assets. The obvious acquirer would be Energy Fuels who recently bought out Denisons US assets, but being the only buyer in town, Energy Fuels are probably in little hurry to make U-1 and VML an offer. But VML are certainly doing the right thing in progressing the permitting for Wate, and bringing what is certainly a valuable asset to a point where it can be developed. The only caveat I have here is that by progressing the permits to the point where they can actually start mining will draw the ire from the environmental lobby, who are well funded and looking for a fight.

[opaldouglas] 15/1/2013 09:34

Gazza,

Unless I'm mistaken recent announcement updated shareholders to Vanes intentions?!?

Gold/Silver operations – Progressing

Copper – Find JV partner

Uranium – update given

And finally, Vane are looking for new opportunities.

Without disclosing exact details of every opportunity Vane are casting there eyes over I'm not sure what else we could expect?!?

[gazza102] 15/1/2013 08:58

Shareholders should also be told what is going on and not be fed bits of information and so that they are kept in the dark.

[opaldouglas] 14/1/2013 23:17

josephrobert, I stand corrected. I misread news release first paragraph thinking it was referring to new JV with MetSin not existing JV! Note to self, must slow down.

Additionally I heard back from DN today who to his credit is superb at replying to emails and is always very helpful. He confirmed that Vane would still be open to drilling Copper targets themselves should they not find a suitable partner but he did state discussions had started. Also, he confirmed that Vane were aware of the fact that shareholders needed to be protected from any dilution.

OD

[josephrobert] 14/1/2013 18:52

opaldouglas gives a timeline of 1-2 years for increased capacity for the gold jv.

Going back to the trading update, I wonder if the apparent emphasis back on Uranium is tied into news on Uranium One. I get the feeling that such a 'sudden' or abrupt apparent change of tack was because of a sudden change, and not part of their plan of their recent plan to use any cash from Mexico to keep the company afloat and fund the Copper prospects when permitted. Personally I took the trading update as a huge positive, even if I did not know what they were going to do other than what was stated. The reason being that it gave the impression of being a decent sized opportunity, which is far cry from what it is doing right now. I wonder if Uranium One's US operations will be spun off and tied up with Vane Minerals in some form.

[opaldouglas] 12/1/2013 13:35

Thinking - Its a good point regarding successful compensation claims, at a current MC of 3.5M any compensation alone could re rate VML at these lonely prices!

[opaldouglas] 12/1/2013 13:31

Northland have kept their price target at 1.5p following news.



If a JV can be found who have the capacity to expand the drilling campaign at a faster rate than Vane I'm a happy bunny. The big annoyance is whey wait till now to do this, surely management could have implemented this some time ago?!?

Wate project is a slow burner but with Uranium prices ever so slightly picking up its could really come good over the next 1-3 years.

With best year to date (by a long shot) in Mexico and plans to double production this year, this really provides limited downside and if anything a great deal of potential moving forward.

Obviously the sooner VML restart copper exploration the better as this is where the huge potential lies currently, although Wate could become increasing important in the ext 12-18 months.

The question now remains what new opportunities are Vane seeking and how will they fund these... they should have over £1m in the bank as we speak and this should increase month on month from Mexico operations.

OD

[thinking] 12/1/2013 10:53

Agree with most of the comments made since the update, also dissapointed that it is not more positive, but unless the board are just looking to line their own pockets this should come good in the long term, even a success in the courts will move this up from todays price let alone everything else they have of value!

[cerrito] 11/1/2013 20:22

Still having difficulty knowing what to make of this
I have no problem with their decision to try and JV the copper exploration given the fact that they cannot issue more shares with the low share price and perhaps Mexico not throwing off all that amount of cash and over last months I have been asking myself why they did not do that given the very slow pace of their exploration programme...though of course one of the constraints is the slowness of the permitting process.
Would have been good to get a steer as to how much all the legal work they are doing with their Federal properties is costing them and how much cash they will spend on the environmental studies for the Wate project. On the face of it both seem good excersizes but at what financial cost?
Note their comment on new opportunities: I would have thought they have enough on their plate in the short term maximizing Mexico, doing what they need to do with the uranium and especially coming to a copper JV agreement; not clear to me what they offer a potential counterparty..money they certainly do not.
I guess the rather muted share price reaction is appropriate but we should brace ourselves for new lows until we get clarity on copper jv and Mexico update.

PS One's confidence in management would be enhanced if they knew their grammar ie wrong spelling of the word principal in the following
VANE has filed a lawsuit, as principle, in the U.S. Court of Federal Claims seeking redress o.

[gazza102] 11/1/2013 19:34

If they are working on something good why not wait until that was sorted before saying about stopping copper.

[opaldouglas] 11/1/2013 18:01

cruiser70, for me that was always one of the big plus points with Vane. We know AIM mining stocks are high risk but even with copper on hold until a partner can be found, Mexico assets literally provide the weight in gold (and silver!) and revenues this year will be building up nicely until Vane decide to spend!

I believe Vane have weighed up the options and taken a view that potential new investment/acquisition will provide better value then solely focusing on copper exploration. Lets not forget with recent agreement with MetSin production is set to double later this year in Mexico :)

Time will of course tell.

[cruiser70] 11/1/2013 17:33

Can't imagine there't too many shorts with only a profit potential of pittance. There are not many in profit either so the only way is up, except for today that is :) GLTA

[opaldouglas] 11/1/2013 17:22

Thanks for the update Martin, one of the plus points with Vane and a market cap below 3.5M is the limited downside. With 1M plus in the bank and copper, gold/silver & uranium assets they have a plenty of upside (even when management suddenly change tack!).

OD

[martin c-j] 11/1/2013 16:43

I have fired off a couple of emails to management today and although they can't tell me anything privileged, I get the feeling they are working on something good. And I also don't think we are looking at any dilution either which is a relief.

[kiruna] 11/1/2013 14:04

The only thing they are funding is the useless management.

[argylerich] 11/1/2013 13:24

Well that's an 'interesting' update!

Finally the new guy has pointed out what so many have been saying for so long, that Vane has too many fingers in too many pies and the cash from Mexico won't cover it! (Maybe all the past fundraising gave him a hint?)

Anyway, the result? Limiting the upside potential and concentrating on the basics.
We'll have an answer in February as to how the finances look minus the copper gambling costs.

[martin c-j] 11/1/2013 13:24

"This is expected to be through direct finance into either the individual exploration targets or into AVEN Associates LLC, the Company's wholly-owned subsidiary that holds the copper assets. This process is underway and further information will be announced as it becomes available."

VML need to clarify what this means. Does it mean further dilution? Or is it offering a share in the discovery in exchange for picking up some or all of the exploration costs? Or does it involve some kind of convertible note or bond? Whatever it is, it is sad that VML can no longer fund the copper program, and something must have changed fundementally that has brought this about.

I looked at the finals from April, and I just don't know if the following statement still holds: "VANE is in a robust position both operationally and financially".

[euclid5] 11/1/2013 12:18

shame about this

In documents submitted to the Court, VANE represented that it invested US$8.5M in its uranium programme and that the U.S. Bureau of Land Management concluded that the withdrawal deprived VANE of at least one mine, with a net value of approximately $80M at the current uranium price.

[gazza102] 11/1/2013 09:07

Why release this information without giving a update on what they are proposing to do going forward to add shareholder value. Would it not be best to wait and do it with proper information.

[gazza102] 11/1/2013 08:44

Wtf is going on?

[opaldouglas] 11/1/2013 08:23

I didn't expect that this morning!

Not happy that copper exploration have paused but on the other side of the fence they have no expenditure so in effect will just be hoarding cash from mexico operations.

The obviously have there eye on something else...