FMG 2.02% $25.70 fortescue ltd

Has anyone calculated what the current gearing is, after the two...

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    Has anyone calculated what the current gearing is, after the two recent debt reductions. Just looking at the March 16, Corp Presentation, page 20, it looks like a net debt figure of $6.823 would line up with the 40% target, give or take a fraction.

    In any case, FMG have reduced debt by 25% in the last 12 months. Not bad, considering they had no chance of survival a couple of years ago #, when debt was $12 Billion, (# according to those great minds in our media and a few investment Banks.)
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