Vale S. A. (VALE)

[Saving Grace]

In the U.S. not Brazil. This manipulated mess is going nowhere unless Brazil bails them out. They won't get any help from the U.S.

Vale has suspensions and a 7.9 Billion law suit that will leave a mark.

Rio de Janeiro, June 11, 2020 – Vale S.A. (“Vale”) updates on the press release “Vale becomes aware of a lawsuit filed by the MPMG” published on May 27th, 2020 and informs that the Court (TJMG) judge Peixoto Henriques, issued a provisional decision in order to grant the suspension of the request to present guarantees in the amount of R$ 7.9 billion. The court considered that there is no evidence of any risk that Vale would not comply with a future decision on the lawsuit. The suspension stands until a new decision to be made by the judge Belizario de Lacerda, that may confirm or modify the current decision.

This has absolutely no reason to go up other than manipulation at it's best.