Virotec Share Discussion Threads

[ericeb206] 31/10/2006 13:21

Thanks Vitamal I had not realised the Greenhouse effect but you must be happy with the cash position.

[vitamal] 31/10/2006 13:03

The problem is the presentation - Tover as far as I can make out includes AU$12.4 sale to Greenhouse whereas the sale to Hydrodec in the previous year has conveniently been dropped to below the line (which would seem to be extremely dubious accounting). Strip out the I99 Turnover and there aint a lot left (A$1.610m) or at least there is a long way to go in becomming profitable.

[ericeb206] 31/10/2006 12:51

Results just posted. I am not an accountant but it looks impressive for the following reasons
1 Turnover much higher than I thought it would be
2 Most of loss down to accounting requirements for HYR
3 Still 12M in cash
4 HYR now worth 40M and now producing revenue for VTI

Anyone any thoughts good or bad?

[johnsoho] 31/10/2006 09:46

Good morning Antreg,

As far as I can establish, this is the latest position...following extracted from I-99 September 06 monthly status report.

I-99/Pyrite Situation
Centre County
Status as of 9/13/2006
Report covers period from August 17th through September 13th


Final Remediation

PennDOT held a public meeting on April 10th at the Park Forest Middle School. That meeting was co-sponsored by State Senator Corman and State Rep. Herman. The meeting was preceded earlier that day by a pubic officials meeting. The purpose of the meeting was to review the history of the pyrite situation and to take a detailed, close look at the plan to build an Engineered Rock Placement area (ERPA). The meeting also featured information stations regarding the pyrite, ERPA, water treatment, etc. The PennDOT (Secretary Biehler) presented a PowerPoint program informing the public on current final remediation options. The Department indicated that the best option at this time is the ERPA site located in Worth Township. The presentation was followed by a lengthy Questions and Answer session.
Another public meeting was held May 3rd at 6pm at the Bald Eagle High School in Wingate. This meeting was to give Bald Eagle Valley residents a chance to study the ERPA option up close and was similar to the 4/10 meeting. John Blazosky spent a good deal of time explaining the construction of the ERPA as well as Q & A. Opposition to the ERPA plan was vocal and emotional. Written comments were more evenly divided as to opinion pro/con. PennDOT reviewed and considered public input and comment before deciding to submit an ERPA permit application. PennDOT held a courtesy meeting for public officials on June 8th at the Port Matilda elementary school. PennDOT then immediately held a news conference at the same location to announce its submission on June 9th of a permit application to PADEP to build the ERPA at a location in Worth Township, adjacent to un-opened I-99. DEP held a public meeting/hearing in relation to the ERPA on July 20th at the Bald Eagle High School.
DEP has reviewed the Department's ERPA Water Quality Permit and sent a letter to PennDOT on August 14th with questions and requesting additional information. Blazosky Associates submitted their responses to DEP's deficiency letter on September 1, 2006.

Structure 317 Fill: Skelly & Loy continues to closely monitor the wells located on the 317 fill.
Arbogast Waste Area: On December 7, 2005, PennDOT submitted an Arbogast Waste Area ARD Remediation Plan to DEP for its review and approval. The remediation plan includes documentation indicating that the majority of the Arbogast Waste Area does not possess an ARD signature. The plan does call for the removal of approximately 40,000 cubic yards of material known as the Arbogast Wedge. It also includes a post-removal ground water and surface water monitoring plan to document the effectiveness of the remediation.

Buttress/Bifurcation: Virotec has provided PennDOT with a report regarding the pilot test and the effectiveness of Bauxsol. PennDOT has reviewed that report.. On January 12, 2006, PennDOT excavated a series of trenches through the Virotec pilot test. The purpose of these trenches was to determine how well the Bauxsol penetrated into the buttress. The penetration depths varied from a half-inch to 43 inches. The deeper penetrations were due to fractures in the buttress and were very isolated. PennDOT has decided not to pursue using Bauxsol as a permanent remediation option at the Buttress/Bifurcation area. DEP has approved the Department's Water Quality Permit for the immoveable material. The contractor began preparing the surface of the buttress for Geoweb on September 12th.

PennDOT and PSU: Performed a small scale test with the remaining three septic tanks. The tanks hold pyretic material and were covered separately with either Bauxsol, magnesium oxide or lime slurry. Results from July to August showed the Bauxsol holding a consistent pH at 4. The magnesium oxide and lime can neutralize the water (pH 7) but both plateau and the pH starts to decrease after two to five days. The tanks were drained and are being allowed to dry. At some point in time, new water will be injected to evaluate if any coating of the pyrite material has taken place. PA DEP also gave approval to use Ecotite as part of this small scale test. The Ecotite is to be used to treat the pyrite and also to potentially prevent the acidic reaction of the pyrite with precipitation and air.

I-99 Water Quality Part II Permit Application: This permit application was originally submitted to PA DEP on January 31, 2006. Public officials meetings were held in Patton Township and in District 9 on Monday, January 31st. PennDOT also made presentation at the 2-8 Patton Township meeting. The permit information includes the proposal to use the Geoweb system remediation at the Buttress/Bifurcation area. DEP has approved the Department's Water Quality Permit for the immoveable material. The contractor began preparing the surface of the buttress for Geoweb on September 12th.
DEP has reviewed the Department's ERPA Water Quality Permit and sent a letter to
PennDOT on August 14th with questions and requesting additional information. Blazosky Associates submitted their responses to DEP's deficiency letter on September 1, 2006.

Cut Faces: PennDOT is considering a three-pronged approach plan for final remediation of the cut faces. The cut faces could be covered with impervious material in order to protect them from precipitation. Acidic runoff appears to be created on these areas by precipitation. The plan would incorporate use of a PVC liner/cover, geo web, and application of lime-kiln dust on the rock buttress area.

• Newsletter: An updated Newsletter was made available in late April and carries a May 2006 edition date. The newsletter reviews the pyrite situation in much the same manner as the 4/10 meeting. A July 2006 edition of the newsletter was completed and mailed out. Newsletter covers details regarding the Water Quality Part II permit application as well as detail regarding the ERPA/Worth Township Permit application submitted on June 9th.

• In January, 2006 Robindale Energy Services submitted to PA DEP a permit application for the removal, haul, and treatment of approx. 700,000 cubic yards of pyritic material to a former mine site in Pine Township, Indiana County. PennDOT attempted to conduct a public officials meeting on 2/13 in Pine Township. Public attendance was also encouraged. Crowd in attendance was very large (300). Despite setting ground rules, then Dep. Sec. Gary Hoffman was met with shouting, anger, and outcry over the plan. PennDOT chose to review all of the haul routes that could have potentially been used. Plans at that time also called for PennDOT to make its presentation again at the DEP 3/7 public meeting/hearing. The public meeting/hearing that was scheduled for March 7, 2006 in Indiana County was postponed on March 1st when Sec. Biehler announced placing a hold on the plan to go to the Robindale site. The March 9, 2006 Centre County meeting/hearing was also postponed. The Robindale permit remains on hold as of September 13, 2006.

[antreg] 31/10/2006 09:03

I-99 project does anybody know if this is still being monitored.

[vitamal] 24/10/2006 23:29

virotec attending a water conference in South Carolina alongwith Wade Craven
on 10 Nov- Hope they generate some business

[timben] 17/10/2006 11:30

If VTI can produce some news while its in the wake it might create its own momentum!!

[vitamal] 17/10/2006 11:00

I hope it will drag VTI along in its wake.

[a3whd] 17/10/2006 08:39

Yes Hydrodec now on the move and will leave Virotec in its wake!!!

[antreg] 13/10/2006 16:36

VITAMAL - 13 Oct'06 - 15:59 - 269 of 270


Oh perhaps there is the answer. Virotec selling 10m?



Posted on HYR site.

[a3whd] 13/10/2006 13:09

Hydrodec look as though they are about to move.Some interesting news re a large site in the usa for developement.See PBB about 3 weeks ago. Might help Virotec.

[ericeb206] 09/10/2006 15:17

Results are bound to show a loss but I would expect good news re more well purification contracts in USA.

[vitamal] 09/10/2006 15:03

EVO has just gone to 16.25- there seem to be 3mms after stock at the moment so lets hope for the optimistic scenario.

[vitamal] 09/10/2006 15:02

Eric
No I don't - this time last year there was a prelim announcement mid Sept with a final announcement end of Sept. The results are likely to be poor I should think but the optimistic view might be a delay to coincide with some good news such as water contracts. The pessimistic view might be that they are too fearful to announce.
What do you think?

[timben] 09/10/2006 15:00

That all changed pretty quickly Vitamal.....wonder what the story is?

[ericeb206] 09/10/2006 14:56

Vitamal

Do you know when the results are due out?

Eric

[vitamal] 09/10/2006 14:51

3@16 1@16.5 moving up for once

[plast] 05/10/2006 17:26

this has come to a stop for the time being, management doing there thing , so soon we will have some form of news im sure, things going on in the back room, ect just have to wait a while.

[timben] 29/9/2006 13:32

Whats going on here then today?

[timben] 28/9/2006 09:52

Thanks Eric appreciated.....when are VTI results due?

[ericeb206] 28/9/2006 09:19

Have a look at the HYR site there is an interesting develoment in the USA. We will have to await VTI results which must be imminent (as are HYR's)before we get any updates.

[timben] 28/9/2006 09:07

Anybody have any news?

[distill] 22/9/2006 14:36

chers ruby2 well i'll keep holding till 75p so looks loke i'll have them till 2020 LoL

[ruby2] 22/9/2006 13:33

vti own a bit of hydrodec possibly something to do with that!

[distill] 22/9/2006 11:17

ok someone spill the beans something is going on WHAT!