Vane Minerals Share Discussion Threads

[kiruna] 08/8/2013 15:36

I would really appreciate if you tell us what you found out.

[kooba] 08/8/2013 15:24

I know this has been shockingly bad over the years as they stumble from one game plan to another....I suppose I am hoping that this is a departure that may create some value...hope over experience though probably.I will be in touch with the company next week to try and make some sense of the plan.

[kooba] 08/8/2013 12:52

I have read them all ...thanksHowever the economic argument may well overturn the green one... Energy costs in Germany are spiralling and they are still to phase out nuclear...all well being green but if you lose your manufacturing base as a result then not so convincing?http://articles.washingtonpost.com/2013-04-24/world/38773548_1_gas-production-greenhouse-gas-russian-gasInteresting the cost of gas in us relative to Central Europe ..stay competitive?

[kiruna] 08/8/2013 11:37

I wouldn´t call the article very recent it´s from february 08. Here is another from february 26.

hxxp://www.spiegel.de/international/germany/berlin-coalition-agrees-on-regulations-for-fracking-industry-a-885613.html

"We want to restrict fracking, we aren't trying to promote it," he told German public radio two weeks ago, adding that he can't imagine that "fracking will be allowed to take place somewhere in Germany in the foreseeable future."

If you read other more recent articles in Germany, I would say fracking is not the most popular thing in Germany. They even think it´s threatening their beer.

hxxp://www.spiegel.de/international/business/german-brewers-oppose-fracking-because-of-fear-over-clean-water-a-901474.html

[kooba] 08/8/2013 10:00

My attention has been drawn to this very recent article in mainstream German media.http://www.spiegel.de/international/germany/berlin-wants-to-end-moratorium-on-fracking-in-germany-a-882313.htmlIf this is correct the company's timing could be spot on as there could be a land grab of licences coming up before the end of the year.However we need the licences renewed first!But there could be some decent rational behind the move and if Merkel moves to open the market then this is one of the few plays I am aware of now.Dyor

[kiruna] 08/8/2013 09:37

The german slide says that they haven´t drilled anything yet in Germany.
They have done labtest from old drillsamples, checking old results and they are negotiating with the previous driller to use all the data. It doesn´t say who drilled there before.

They have come a lot further in Poland.

[kiruna] 08/8/2013 09:22

So we are taking over the German concessions then? The acres are about the same (3legs 636,000 acres, Vane 635,000 acres.)

[kooba] 07/8/2013 21:08

Our southern German concessions fell due for renewal in the second quarter of 2012 and we have submitted applications for extensions. Given that our geographical focus is now confined to Poland, we will investigate options for monetising these concessions if possible.And for those with a linguistic abilityhttp://www.lgrb.uni-freiburg.de/lgrb/home/Illmensee/PDF/Parkyn.pdf

[cerrito] 07/8/2013 21:05

The very sad reality is that I and everyone else here will loose money because we forgot the basic rule of investing-never invest in a company where an ex Politician plays an important role in the Board.

[kiwimonk] 07/8/2013 17:56

The Copper was a better bet - with that database, well they still have that too - lets not jump to conclusions. The Shale Gas thing is a good move in at least they are thinking of what can return sh value...
Wait and See, you can ask all you want to management, but the RNS's will tell you what's going on from my long experience in the equity markets.

[combo83] 07/8/2013 17:14

Copper One (TSX:CUO) was a company I often compared VML to. They explored in the same Cu porphyry district in AZ but had success, with diamond drilling campaigns outlining a large (500mt) Cu porphyry deposit. The lack of interest however was dismal, and they recently gave up and sold the property to another company with a market cap of a measly $1m CAD.

If that's typical in the current market, what does Vane have left? They spent more exploring than their properties are ultimately worth. Why will shale gas exploration be any different?

[kiruna] 07/8/2013 12:12

There will be no more posting then:)

[kooba] 07/8/2013 10:12

Yes I noted that...meant to be uranium man but certainly mineral geologist....must have dusted off his fracking in Germany for dummies book to check out our new acquisition.As you say this is an RTO on the quiet I'm sure they have great plans and i may contact the new director in due course to see if ordinary shareholders may be given an inkling of that vision.In the meantime there is some tidying up to do on the company's last great ideas...would be nice to think we get something back for the millions ploughed in ....but I doubt it.Anyone who has more of a clue please post!

[martin c-j] 07/8/2013 10:05

Thanks for the update kooba. I think we are all left scratching our heads with this one. No surprise Matt couldn't get the subscription away at 0.5p. Lots of insiders were selling prior to the RNS in yet another glowing example of how many people take the p*ss out of insider trading rules without fear of reprisal.

The new guys coming in have just decided VML is a cheaper alternative to starting from scratch. They clearly aren't stupid, and have more of a plan than VML have, but whatever is left of the old business model must now be in the shredder.

Interesting to see they got Krys Hefton to reveiew and approve the technical information in mondays RNS. I am a chemical engineer I could have signed off on them too. Doesn't mean there is gas there or VML have any clue how to get to it.

[p@] 07/8/2013 08:35

Taken from the header-
Utilising a team made up of leading industry professionals the Company is targeting porphyry copper targets in Southwest USA in addition to expanding its gold/silver operations in Mexico and exploring high-grade breccia pipe targets in North

So now we're in oil .have all these 'experts' been given the push?

[kooba] 07/8/2013 06:52

Martin I have actually been tipped these by someone normally well informed...who didnt know I was already involved.Think the company thinks its done a great deal at a great time maybe they expect to be able to organise areas into farm in "opportunities" to fund exploration....alternatively they just amass some licences in Rose as a vehicle and look to flog the co on to someone who can afford the exploration ..but when faced with such a diversification it would be nice to know what the plan is...I'm sure the new shareholders are informed.I spoke to matt before the new fundraise which was being done at .5p until the last minute and he told me there was no target and that they would look for opportunities...I declined to give them more money in a "blind pool" after their previous money spinning acquisitions! However a few weeks later we have a major acquisition and diversification move...out of the blue i doubt it!!.in the meantime thought we were expecting news on uranium departure and how copper is funded going forward before old CEO departed end July ....

[martin c-j] 06/8/2013 23:18

Reading further into this cr*p. Looks like 3legs are off loading their German licenses to a new vehicle, VML or Rose Tinted Resources as they are now known. It is wildcatting at best. As long as the share price goes up......

[martin c-j] 06/8/2013 22:59

"costs often exceed $20 million for an exploration well"

"several wells are required to appraise an area"

Vane will never have enough money to drill even one well. So who is going to come up with all the money? To be issued with a license wouldn't you need the money to prove you could afford to drill the wells?

OK, so VML is a shell that is in the process of being taken over, but why buy VML in the first place. None of this stacks up or makes sense. I hope there is someone with a master plan who knows whats going on, and is able to benefit existing shareholders. This is squeaky bum time......

[kooba] 06/8/2013 21:40

Perhaps instead of Rose Petroleum we should change the name to Bandwagon Resources because every time there is a trendy resource angle we jump on the bandwagon....see uranium...far too late to create any value and we end up holding a load of worthless licences and are predominantly shut down by the state....anyway no fear of that happening in our new venture.....eeerrrrmmm.

[gazza102] 06/8/2013 20:41

I am glad someone does!!!!

[kooba] 06/8/2013 19:48

Notice CEO of 3legs and our new director both on the board of Darley Energy so there is a link.Here's 3legs who seem to know the market in Poland ...so maybe the BoD quotes have a clue what they're getting into!http://www.3legsresources.com/