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DewDiligence

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DewDiligence

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Re: DewDiligence post# 3944

Thursday, 01/12/2012 2:59:17 PM

Thursday, January 12, 2012 2:59:17 PM

Post# of 30523
VALE declares force majeure on iron ore shipments from southern Brazil due to excessive rainfall:

http://www.sec.gov/Archives/edgar/data/917851/000110465912001654/a12-2631_16k.htm

The lost production is estimated to be 2M tonnes, less than 1% of VALE’s expected 2012 output.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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