Sell and Goro There was an article in the mining press about 12 or 15 years ago that clearly demonstrated that , financially ,a tailings spill was the absolute worst disaster that can happen to a mining company. Bankruptcy was not inevitable , but was frequently the end consequence.
This stock is only down 25%. Its got a long way to continue downwards before VALE can even make its case that it now knows what its doing and perhaps regain market confidence. Even when that day occurrs , its hard to see the local communities buying into whatever promises are made.