think what happened to rio few years ago too much of debt nearly went under, undertook a massive capital raising and see where they are today,likewise i see the only way out is to do the same.maybe there will be a dilution in the share price but it is better to raise funds of 1-2 billion than to have a higher share price and a massive debt, which leads to lowering of ratings by agencies,etc and the doomsayers come out and in fmgs case the haters of andrew forrest keep spewing illinformed comment.dont forget lehmans etc had zero to back them ,in fmgs case they have 10 billion tons of iron ore,nothing to be scoffed at.
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