Rose Petroleum plc



Extract from "That Was The Week That Was in London"

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VANE Minerals (AIM: VML) saw its shares gain 43 per cent to 31.8p after announcing that it has expanded its uranium exploration ground in Arizona, identified some new targets on its existing ground and raised £1 million by way of a convertible loan note taken up by the Geiger Counter uranium fund. In addition, the company has commenced a strategic review of its uranium portfolio. Given the intense interest being shown in uranium on the other side of the Atlantic, it would not be a surprise to see VANE's uranium projects spun out and listed in Toronto, leaving VANE to concentrate on its other assets, which include the producing Diablito silver mine in Mexico and some copper-gold exploration ground in Paraguay.