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Re: theaudioman post# 543

Thursday, 11/12/2015 1:36:36 PM

Thursday, November 12, 2015 1:36:36 PM

Post# of 793
They didn't build a new dam as they were told over greed as it was too costly for them while they over produced and illegally dumped in the basin while saturating the market. They were in the process of raising the old dam as water levels were already maxed out when it broke apart.

So their whole attempt to drive other miners out of business failed and instead put their own operations out of business. Karma

The only thing keeping VALE at and around $4 is because the Brazil Govt. is it's largest shareholder. I would imagine manipulation is keeping it from absolutely tanking as I don't know anybody that would hold being the beginning of the mess with many unforeseen difficulties ahead.
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