there is no other way FMG will have to raise capital to survive...

there is no other way FMG will have to raise capital to survive as the NPAT ratio to debt is too high,very similar
to asciano a few years ago they did a $2.5b raise at $1 so 2.5b more shares on issue for total of about 3.5b shares

asciano then did a cosolidation sent the sp up to $4.50.

FMG npat of $1,559b to debt of $8.5b is unsustainable,they simply cannot pay it.

plus its no fluke the sp has ripped down from $6 since chanos canned it.

once the shorters really step in ive got no doubt this will see sub $1 unless FMG steps in before the end of next week & raises cash.