Ann: Placement and Fully Underwritten Entitlement Offer, page-12

I think everybody has been expecting this raise, the tank was on empty. But also there was the new news about the catalyst due mid November, that - correct me if I am wrong - was not known prior to the SEP 26th presentation.

There is a chance this could be the last raise if there is great news in November or so, and the CEO wanting to partner fund the initial PDA funding. There are now about 350m options which could raise about $10m if the SP goes up.

From my outsiders perspective, I last held this stock many years ago (probably took a loss) - it seems that now is a very exciting point for this business!

Looking at (very unreliable) possible future revenues, if KPO's projects could get the same power pricing as is being spoken about for the Microsoft deal, and clip the ticket for 5%, and get nothing else at all (and no other costs), that would be $48m USD per annum, or about $71m AUD per annum, and very little corporate overhead. Maybe net $67m per annum in that (very unreliable) scenario as EBIT (allowing $4m corporate overheads etc)? You can easily halve or double that number depending on your scenario. Crusoe could initially have their mobile data centres on site in late 2026, but probably 2028 for a fully fledged data centre. Obviously the power usage would probably gradually ramp up. In 2023 by my sums the Crusoe Energy bitcoin mining ran at a 75MW average for the year, which would be $3.6m USD per annum for a scaling example to start with. All IMO/DYOR etc.

You can see from my thinking why I paid up today. Seems very cheap if they get a deal. I got a small amount in the placement too. Good luck to the long suffering