Ann: Swift Quarterly Update and Appendix 4C, page-6

You are not considering revenue.

Based on no revenue growth and cash burn of approx $500k per quarter we have approx 5 quarters left

We are only just getting into aged care and hospitality - these are larger markets than mining.

IMO Swift really needs to focus on penetrating these markets (with their low cost/ high service approach), once hooked they have a high retention rate. Maybe in a few years they can concentrate on higher margins but right now acquiring new business should be their focus.