I BOUGHT SOME NOW

(SHOULD HAVE BOUGHT THEM FOR 11P WHEN SHARES TIPPED THEM ABOUT 1 YEAR AGO

THE USA ENVIRONMENTAL PROTECTIONAGANCY HAS CONFIRM THE LONG TERM EFFICACY OF VIROTEC TECHNOLOGY.

THIS MEANS A MULTI MULLION IN PROFITS AS ENVIROMENTALS LAWS ARE ENFORCE BY GOVERNMENTS WHOSE LAND IS POLLUTED BY MINING COMPANIES AND OTHER LAND & WATER POLLUTERS.

THE FINANCIAL TIMES TODAY 15/06/2004: PAGE 48 SECTION COMPANIES AND MARKET

VIROTEC GET A SHOT FORM ITS MAGIC BULLET

Virotec has been buzzing since it announced last Thursday 14/06/2004 that the US ENVIRONEMTAL PROTECTION AGENCY judged its VIROMINE reagent efective in the TREATMENT OF TOXIC MINING SITES. The SHARES JUMPED 26% to 29pence closed to an all time high, with Virotec watchers highly excited as they took on th news as strong affirmation of its BAUXSOL TECHNOLOGY, from which VIROMINE is developed.

Julian form DURLACHER called the technology a MAGIC BULLET for the remediation of land polluted by heavy metals from mining and other metal industries.

BAUXSOL is modified 'red mud' a toxic waste product from the aluminium industry which VIROTEC chemically transformsinto bening waste and then uses to treat other pollution.

BAUXSOL CAN ALSO CLEAN UP CHEMICALLY POLLUTED WATTER DURLACHER CALLED IT ALMOST TOO GOOD TO BE TRUE WHILST NUMIS CALLED IT REVOLUTIONARY.

the EPA confirmation is the first endorsement by a regulator and could lead to commercial adoption. Durlacher estimates there are TEN UK WATER COMPANIES NEEDING THE TECHNOLOGY AND EACH COULD GENERATE AT LEAST 1.7 MILLION (that means 17 MILLIONS IN REVENUES A YEAR!!!

THE BROKER PUTS A SHORT TERM PRICE TARGET OF 50 PENCE ON THE STOCK BUT IT SAID THE SHARES HAVE CONSIDERABLE LONG TERM POTENTIAL, AS REMEDITITION OF MINES IS A GLOBAL MARKET WORTH HUNDREDS OF BILLIONS OF DOLLARS!!!!!

House broker NUMIS SECURITIES equally impress said the price could reach 100PENCE within 12 months.


---------------------------------------------------------------------------

here is the report

Virotec International Ld
10 June 2004


US EPA confirms efficacy of Virotec technology in remediation trials
at Gilt Edge Mine, South Dakota


Virotec International Ltd (ASX/ AIM: VTI) is pleased to provide to the market,
information contained in a letter received this week from United States
Environment Protection Agency (US EPA) that confirms the long term efficacy of
ViroMine(TM) reagent developed from BauxsolTM technology. The letter and
accompanying data tables were provided by Mr. Ken Wangerud, Remediation Project
Manager, Superfund Remedial Program, USEPA - Region 8. They summarise the
findings to date of trials carried out at the Gilt Edge Mine Site which have
been ongoing since 2001.

Executive Chairman, Mr Brian Sheeran explains 'Virotec has patiently awaited the
results of these independent trials for over three years and they exceed our
highest expectations. At the Gilt Edge Mine site, our technology is achieving
excellent results in the field, in what we believe is potentially the world's
largest minesite remediation market, and we would draw attention to the
following highlights of the letter from the USEPA:

- All the trials followed US EPA protocols and no-one was allowed access
to the Site unless accompanied by US EPA representatives

- US EPA is evaluating cost-effective options for site remediation at
the Gilt Edge Mine consistent with the evaluation criteria in the US EPA's
National Contingency Plan.

- US EPA states that ViroMine(TM) reagents may have several potential
applications at the Gilt Edge Mine and possibly at other mine sites
similarly affected by problems associated with acid rock drainage.

- In particular, the Trench Trial data (Table 1) from one single ViroMine(TM)
application to some of the worst waste-rock encountered at the Site appears
to indicate that the ViroMine(TM) Permeable Reactive Barrier remains
active more than three years after the original treatment was carried out,
and leachates continue to meet or exceed established water quality criteria
for the Site.

- Additionally, in 2003 an electron beam microprobe examination of a treated
waste rock sample showed evidence of sulfide encapsulation.'

The contents of the correspondence are based on findings from site trials
conducted over a three year period (2001-2004) at the Gilt Edge Mine site - a
258 acre open pit, cyanide heap-leach gold mine in South Dakota - which has been
placed on the National Priorities List for hazardous and toxic waste cleanup.

HIGHLIGHTS FROM US EPA FINDINGS

Substantive ongoing 3 year results from the Permeable Reactive Barrier trial
(Table 1) show that the leachate pH was neutralised from 1.93 to 7.9; other
highlights include:

1. The concentration of the highly hazardous element arsenic (As) has been
reduced from 35,000 to less than 5 parts per billion (well below the strict
new drinking water standard of 10 parts per billion).

2. The extremely high concentrations of iron (21,000,000 parts per billion)
and aluminium (1,200,000 parts per billion) were reduced to less than 50
parts per billion and have remained at very low concentrations ever since.

3. The concentrations of many other trace metals including: antimony (Sb),
cadmium (Cd), cobalt (Co), copper, (Cu), chromium (Cr), lead (Pb),
manganese (Mn), nickel (Ni), silver (Ag), vanadium (V) and zinc (Zn) were
all reduced from potentially hazardous concentrations to concentrations
that were near or below the analytical detection limits and well below
discharge water quality standards.

4. The total dissolved solids concentration (i.e. salinity) was substantially
reduced immediately and decreased further the longer the trial continued.

5. The concentrations of many ions such as sodium and sulphate, which are
difficult to remove, have continued to decrease substantially the longer
the trial has continued.

Substantive ongoing results from Waste Rock Remediation trials (Table 2) wherein
leachate pH was neutralised from 1.92 to 7.21 and highlights include:

1. The concentration of the highly hazardous element arsenic (As) has been
reduced from 23,000 to near or below the analytical detection limits and
well below discharge water quality standards (well below the strict new
drinking water standard of 10 parts per billion).

2. The extremely high concentrations of iron (19,000,000 parts per billion)
and aluminium (1,400,000 parts per billion) were reduced to near or below
the analytical detection limits and well below discharge water quality
standards.

3. The concentrations of many other trace metals including: antimony (Sb),
cadmium (Cd), cobalt (Co), chromium (Cr), lead (Pb), nickel (Ni), silver
(Ag), vanadium (V) and zinc (Zn) were all reduced from potentially
hazardous concentrations to concentrations that were near or below the
analytical detection limits and well below discharge water quality
standards.

4. The total dissolved solids concentration (i.e. salinity) was substantially
reduced.

Substantive results from 'in situ' Pit Lake Treatment trials (Table 3) wherein
leachate pH was neutralised from 2.59 to 7.09 and highlights include:

1. The analysis of water showed a significant improvement after just 42 days.

2. The concentrations of many trace metals including: aluminium (Al), chromium
(Cr) and lead (Pb) were reduced from potentially hazardous concentrations
to concentrations that were near or below the analytical detection limits
and well below discharge water quality standards.

3. The total dissolved solids concentration (i.e. salinity) was reduced.

4. The concentration of sulphate, which is difficult to remove, was decreased.

Substantive results from ViroFilter Passive Treatment trials (Table 4) wherein
leachate pH was neutralised from 4.47 to 8.38 and highlights include:

1. The analysis of water showed that passive filter treatment could produce
even better quality water than a direct addition 'in situ' treatment.

2. The concentrations of many trace metals including: aluminium (Al), cadmium
(Cd), cobalt (Co), chromium (Cr), iron (Fe), lead (Pb), nickel (Ni), were
reduced from potentially hazardous concentrations to concentrations that
were near or below the analytical detection limits and well below discharge
water quality standards.

3. The high concentration of manganese (10,263 parts per billion) was reduced
to less than 3 parts per billion.


. The Gilt Edge mine was developed in sulfidic (acid-generating) rock at the
headwaters of cold-water fisheries and local water supplies. When the
operator went out of business, they left behind 150 million gallons of
acidic, heavy-metal-laden water in three open pits and millions of cubic
yards of acid-generating waste rock that need cleanup and long-term
treatment.

Going forward, the US EPA has directed that further studies be conducted to
enable the USEPA to determine how Virotec's upgraded range of products,
including the recently developed ViroMine(TM) pellets, might be effectively used
at the Gilt Edge Mine site and to acquire and assess quantitative data regarding
metal-loading/sorption capacity.

Full text of the letter from the EPA will be available at
www.virotec.com
.

For further information please go to
www.virotec.com
or contact us on +617 5530
8014.

Massive drop from loss of contracts and high cash burn rate...I don't think this will last for long...14p now.

hlyeo - are you saying you don't think the company will last long, or the drop in SP?

sd

Has C15M holding in HYD LN but share getting whacking it deserves -- mkt cap at 14p c 30m. From this thread I would have thought it was widely known decision was already made not to go ahead -- hence fall from 30 -20 in last 2 months

Trite management comment, or indeed no real comment, perhaps the best indicator.

This one looks to be on the road to recovery....ticking up day by day.

what an iteresting shareprice performance, and that after the recent company update. Is there something negative I missed? or are the products just to expensive? Meaning they have overstretched themselves?
would love to hear anybodies views on this.
FT

FT

my views are, there seems to be some volume pick up in recent days suggesting some sellers may be cleared --- market appears to have taken some stock this morning with bid dropping, only for buyer to come back and push bid back up to 14.25 --- all positive

The Jan statement you mention seems to imply a US$30m order coming their way at beginning of Feb. Nearly in March now and no news -- this is possibly the last chance for this management to have any credibility so let's hope they haven't been over egging the pudding. If the deal comes through should see some meaning ful upside. So for choice I like it as clear time sensitive news due but as time goes by.........

Big 1m shares just gone through on buyside -- suggests buyer now be having to move higher for stock.

Only buyers this morning ---- up so far this week --- last chance i would expect. News on US order overdue re Jan statement --- 18p by tomorrow?

Hi Confidant

I have tried to get in contact with VTI direct, which has happened several weeks ago. In the meantime I have been out of the country, but will chase them again, as i have not got any news from them.
i am very keen to see an investor presentation from the company to know, who the competitors in the field are.
also how likely are the orders from the states? are 12 salespeople sufficient enough? when can we expect further news?
will let you know as soon as I got more news
FT

Hi FT

worry is US order statement which I read from their Jan statement to be deal done has not materialised and these guys have a history

The bright point is they managed to get 12p in a placing at end of March but they could have been bluffing there too. Sitting tight at mo but less hopeful by the day

Hi confidant

sorry to come back to you so late.
still no news from the company but have seen over the last year several big investors building up positions. lets hope that at least one has a little understanding of what drives the price (open information policy)

if I get anything new I will keep you informed
Ft

zzzzzzzzzzzzzzzzzzzzzzzzzzz

thanks for waking me up. Looks like once again company over hyped re US sales. Still sitting there but more for Hydrodec. Perhaps should be there instead

oh that woke me up on this one.

company approached. Plus look at value of Hydrodec now --- compnay trading well below Hydrodec stake in recent weeks .

Worth c 20m to co. VIT has other stake the The Greenhouse Fund although cannot find anything about this. Plus its own businesses.

Good repsonse to the approach news -- jumped to 11p. Now back at 9p . Hydrodec stake worth c8p !!

If the approach goes thorugh -- at leat 12p I would think given fundraisng last year etc otherwise management can keep sitting doing nothing in Sanctuary Cove, and keep taking small bits of cah out of hydrodec to fund business for many years

1p downside -- upto 6p upside

Subsidiary HYR now at 41p -- that's means VTI trading at value of this stake alone. 13- 16p surely take out target range. Still no details of company transforming deal they have signed. Logically this means the bid talks are ongoing. I like this

Cynic,do you know anything about this one?

Capetown

Replying late here for you. Bid has come in from its subsidiary worth 12p a share. Not accepted but would imagine it would be. Looks good for HYR and indeed VTI if accepted as share for share. Would expect c 55p on HYR if all succesful so effectively 13p for VTI.

Seem to be plenty of these strange ones around where a bid on table but share does not react. Sure plenty fall through but if you know the compan and can work out the downside there seems to be free money everywhere as per this one

Capetown have a look at AGL -- cannot understand this one at 41p

Capetown

Replying late here for you. Bid has come in from its subsidiary worth 12p a share. Not accepted but would imagine it would be. Looks good for HYR and indeed VTI if accepted as share for share. Would expect c 55p on HYR if all succesful so effectively 13p for VTI.

Seem to be plenty of these strange ones around where a bid on table but share does not react. Sure plenty fall through but if you know the company and can work out the downside there seems to be free money everywhere as per this one

Capetown have a look at AGL -- cannot understand this one

Thx VERY much confidant.

Thx VERY much confidant.