Member Info for refineryQS

my average is 3.2. sadly a bottom draw share for now

Dummy buys @ 1p

indeed

U.S.A. Uranium Exploration Northern Arizona Breccia Pipe District The Company's uranium programme progressed strongly, led by the joint venture project with Uranium One Exploration U.S.A. (U1) in northern Arizona. The surface drilling phase was successfully completed on the Wate deposit and exploration drilling was conducted on 12 other solution-collapse breccia pipe targets. The completion of final surface definition drilling in early 2011 at Wate confirmed a minimum of 1.118M lbs eU3O8 contained in 71,000 tons with an average grade of 0.79% eU3O8 (as reported in the Company's announcement of 18 May 2011). The project moved to the pre-development phase and preparation of the documents necessary to obtain the Mineral Lease (for exploitation) from the State of Arizona is underway. The Mineral Lease process also includes preliminary permitting efforts pertaining to mining development. The 12 additional projects drilled included drilling on 11 new, previously undrilled targets and continued drilling on the Red Dike breccia pipe to offset the 0.26% eU3O8 mineralization discovered in earlier drilling. Initial exploration drilling on the 11 new targets consisted of shallow drilling which identified subsurface depressions indicating the potential for a pipe on 8 of the 11 targets that will require follow-up deep drilling. At one of these projects, Square Tank, the indication of a subsurface depression confirming at least 140 feet of collapse is noted in the drilling completed to date. Drilling is continuing to locate the center of this depression where a deep hole will be placed. At the V403 "covered target", which was identified by VTEM geophysics, shallow drilling completed at the location of the geophysical feature indicates a hidden circular depression under the surface alluvial gravels. The centre of the depression appears to be located outside the area permitted for drilling and, upon expanding the permit area, additional shallow drilling can be completed to better define the center of the depression and to position a deep drill hole. Offset drilling of mineralization previously discovered in the Red Dike pipe did not expand that known mineralization. A positive, post period accomplishment is the agreement signed with U1 on the mineralized Rose breccia pipe project (see the announcement dated 27 July 2011). Drilling on this project by the JV is underway to follow up the initial drilling completed by previous owners. That drilling consisted of three deep holes, each of which cut +1% eU3O8 mineralization. Further information will be announced at the appropriate time.

Southwest U.S.A. Porphyry Copper Exploration VANE's copper programme is focused on porphyry copper systems and based on the application of a number of proven techniques, many of which were developed and employed successfully during the time that two of the Directors were associated with a well-known copper expert during the 1970s and 1980s. These techniques involve acquisition and drill testing of a number of prospects in favourable areas as rapidly as possible and at low cost and the Directors were involved with a number of significant copper discoveries in this area. These concepts were employed by VANE early in its history in conjunction with the Freeport-McMoRan data base and have recently been advanced and refined to incorporate current technology including published and proprietary geophysical gravity data as well as water well geochemistry, both of which are referenced to a Geographical Information System (GIS). This work has highlighted 24 untested targets in a region containing the highest known density of porphyry copper deposits in the world that produces 60% of the U.S.'s annual copper production. During the period, two projects, Yuma King and Granite Gap, have been tested with negative results. The Company was fortunate, however, that in both areas it was able to conduct definitive tests, which is not always possible in areas having excessively thick post mineral cover, and property positions were terminated prior to the time when additional holding costs would have been incurred. In addition, permitting has been finalized for the McGhee Peak project and drilling can commence upon receipt of a routine well registration permit, which is expected by the Directors in the near future. Property positions have been established in six areas, Railroad, where drilling will follow McGhee Peak and Bouse, Peg Leg, Lone Hills and Cherry Creek. Target development is also underway in additional areas and all of the areas mentioned are focused on copper and gold. Four are located in southwest New Mexico; one is situated in Pinal County, Arizona, which is also an area known to have a high concentration of porphyry copper deposits. Bouse is a bulk disseminated copper-gold target located in western Arizona in an area also known for the occurrence of such systems. The time required for permitting of drilling projects once a property position has been established continues to be a bottleneck, particularly in New Mexico. In an effort to minimize delays, the Company has contracted that part of the exploration program to a local service group specializing in the provision of those services. The Company continues to believe that its best chance of success in its copper exploration program lies in testing a large number of virgin targets situated beneath post mineral gravel or volcanic cover in areas well known for the type of deposits we are seeking. Targets are selected on the basis of fundamental geologic criteria and tested as quickly an

VANE today announces its intention to raise £1,160,000 by way of a placing. Summary of the Placing - The Company proposes to raise £1,160,000 (before expenses) by way of a conditional placing of 116,000,000 new Ordinary Shares of 0.1 pence each at a price of 1 pence per share - Placing Shares have been conditionally placed with institutional and other investors and certain Directors, subject, inter alia, to the passing of the Resolutions at the General Meeting and Admission - Subject to approval by Shareholders at a General Meeting to be held at 10.00 a.m. on 26 October 2011 - The net proceeds of the Placing will be used to accelerate the Company's planned copper porphyry exploration programme in the southern United States; enable the Company to bring additional sources of ore online in Mexico for processing at its SDA mill; support its uranium exploration programme; and investigate possible asset acquisitions - Interim results for the six months to 30 June 2011 announced today David Newton, CEO, commented: "I am delighted that we are able to announce a proposed placing of £1,160,000. The financing will allow us to accelerate our copper porphyry exploration programme in the United States, increase the processing at the SDA mill and allow us to investigate possible asset acquisitions."

VANE Minerals plc (AIM:VML) today announces its interim report for the six months to 30 June 2011. Highlights for Period · £1,240,651 Revenue, increased 18.45% (H1 2010 £1,047,423) · £1,559,977 Loss, representing (0.48) pence per share · £1,525,014 Group-wide cash balance at period end Silver/gold production and milling, Mexico · Increased revenues at operations as a result of processing ore from the Ruiz joint venture · 17,008T (105% of target) total ore production · Average metal price received on sales of concentrates was $38.09/oz silver and $1,525.41/oz gold (up from the 2010 average prices of $1,204.09/oz gold and $19.43/oz silver) · Diablito Mine expected to close mid-2012, on time and on budget · Expansion of Rosario JV with higher grade ore Copper portfolio · Permitting finalised for McGhee Peak project. Railroad expected to have permitting finalised in near future · Property positions also established at Bouse, Peg Leg, Lone Hills and Cherry Creek Uranium portfolio · Drilling phase successfully completed on Wate deposit o Grade increased from 0.70% eU3O8 to 0.79% eU3O8 and inferred resource delineated at 1.118m Ibs eU3O8 Highlights post Period · David Newton appointed as Chief Executive Officer · Completion of cyanide leach/Merrill Crowe plant. · Renewal agreement with Freeport-McMoRan Copper and Gold Inc.for access to the Freeport databank extended to 30 June 2013 · JV and option agreement signed with Uranium One Americas Inc. in relation to Rose uranium breccia pipe project o Drilling commenced o 620 feet of vertical extent of known mineralization; historic grade results in excess of +1% eU3O8

wonder if it will stick today

The nuclear industry received a boost on Monday as Department of Energy Secretary Stephen Chu visited Austria for the General Conference of the International Atomic Energy Agency (IAEA). With an audience of representatives and delegates from over 150 countries Secretary Chu confirmed policy on nuclear safety and leadership in the wake of the Fukushima disaster while maintaining the critical function that nuclear power provides as the world balances a demand for carbon free energy sources, climate change and economic challenges....With China maintaining an understandably cautious approach to the nuclear industry, reports state that safety assessments conducted after the Fukushima accident have had no material effects on any current projects under construction. http://www.u3o8.biz/s/MarketCommentary.asp?ReportID=481174&_Type=Market-Commentary&_Title=United-States-reaffirms-nuclear-commitment

They are drilling as we speak. This is from the July update: Granite Gap Project in Hidalgo County, New Mexico Four holes were successfully completed to targeted depth, +/-500 feet, and analytical results of the cuttings and spot core samples have now been received and reviewed. The project was a success from the stand point that a large pediment area was confirmed but the intensity of the alteration/mineralization did not increase as would be expected if a porphyry copper center was being approached. Yuma King Project in La Paz County, Arizona Two holes were successfully completed to targeted depth and analytical results of core samples have now been received and reviewed. Having reflected on these results VANE management believes that the alteration and mineralization effects encountered are not sufficiently encouraging to justify the cost of access and further drilling in the steep terrain northeast of the Yuma King mine.

another bull***t spread actual spread 1.37-1.44

It's great to see some activity on the bb and the trades. Sadly it's dipped even lower today. Current SP is a complete farce

hopefully sooner rather than later.....but I believe we will find it eventually

VANE Minerals plc today announces an update from their copper porphyry exploration programme in Southwestern U.S.A. Highlights · Property positions established on 6 targets; New Mexico and Arizona o Target development underway in two additional areas · Drilling at McGhee Peak target to commence shortly with completion expected Q4 2011 o Railroad target to be drilled subsequently VANE has focused its porphyry copper exploration operations in the Southwest Copper Porphyry Province of the USA, an area that contains one of the highest known density of porphyry copper deposits in the world, with individual porphyry copper deposit gross values of between $2.2B and $40B. The Company has developed a pipeline of exploration drilling targets with an ongoing stream of projects being identified through the compilation of various geologic criteria; major mineral/deposit trends, mineral clusters at the edge of cover rocks, wide-spread areas of post mineral cover rocks, gravity data suggesting shallow cover rocks, Freeport-McMoRan data base, and NURE geochemistry. As of today the following land positions have been established, Railroad, McGhee Peak, Bouse, Peg Leg, Cherry Creek and Lone Hills, within the copper quadra-lateral of southwest New Mexico and southern Arizona. These areas are well known for the occurrence of bulk-disseminated copper-molybdenum deposits. The Company currently has a drilling permit issued for its McGhee Peak property, with the Railroad property expected to be permitted in the near future. Drilling at McGhee Peak will begin shortly and, following completion of drilling scheduled in Q4 2011, the rig will be moved to Railroad. VANE's objective is to have a pipeline of projects capable of supporting the drilling of at least a target per quarter. Further areas have also been identified within Arizona and New Mexico and VANE is working to secure these new prospective areas in order to begin the permitting process.

The spot uranium price closed the week at $52.50 per pound on September 9 according to TradeTech Consultants, representing a 4.0 percent increase for the value from the previous week. Spot supply and spot demand for uranium has been on lower volumes with a high price sensitivity of new supply or emergent demand immediately reflected in the spot price for uranium. Traders and financial entities stimulated price increases over eight transactions reported with producers, traders, and financial entities participating as sellers. Focusing on a long term positive outlook for uranium prices, BMO Analyst, Edward Sterck believes, "in terms of potential positive catalysts the main thing needs to be reinforcement of positive sentiment from China once it announces that its safety review will allow it to continue to license new reactors. I would also like to see some buying picking up in the spot markets from organizations such as China Guangdong Nuclear Power Group and China National Nuclear Corporation." As a primary consumer of nuclear power, the United States' most recent positive industrial production data could provide investors and observers some guidance for what to expect with Thursday's release by the Federal Reserve. http://www.u3o8.biz/s/MarketCommentary.asp?ReportID=479442&_Type=Market-Commentary&_Title=Uranium-prices-generating-momentum

stumbled across this: http://www.usdebtclock.org/energy.html very interesting when you look at energy production vs energy consumption

Outside of the pervasive global economic weakness there does not appear to be a foreseeable negative catalyst with a primary requirement for secure and reliable power and electricity contributing to a strong economic moat for the industry. Last year the fuel demands of 442 nuclear reactors in operation required 68.6 thousand tonnes of uranium which was met with the production of 53.6 thousand tonnes of uranium and the shortfall sourced from downblended uranium from Russian nuclear warheads as part of a relatively high cost program which is expected not to be renewed at the end of its 2013 term. http://www.u3o8.biz/s/MarketCommentary.asp?ReportID=478375&_Type=Market-Commentary&_Title=Uranium-Mining-and-nuclear-industry-outlook

One person has been killed and four have been hurt in an explosion at the southern French nuclear plant of Marcoule. There were no radioactive leaks after the blast, caused by a fire near a furnace in a radioactive waste storage site, a French nuclear official said. http://www.bbc.co.uk/news/world-europe-14883521

I disagree, these are cheap. Vane have a JORC'd resource of over 1 million lbs of U3O8, a mill, they are mining gold and silver and making money. Their drilling campaign is funded throughout the rest of the year. There are not many shares in circulation, you cannot buy more than £4.5k even in this market. Yes the market is highly volatile but the underlying fundamentals are there regardless. I suppose it depends if you're trading or investing. Fortune may favour the rich but it also favours the patient, fundamentals will win out in the long run.

all buys showing as sells yet again