Let’s correct the record properly, because your post is full of factual inaccuracies.
1. ESR is the one taking legal action — not AWJ. This is a Supreme Court of WA writ filed by Estrella Resources Ltd (ASX: ESR). They’re alleging breaches of a lithium royalty deed linked to Munda (M15/87), and yes, Auric Mining Ltd (ASX: AWJ) is now listed as a defendant in that action. This isn’t AWJ “defending” anything on their terms — they’re responding to a legal claim brought against them.
2. This isn’t about ESR bluffing or trying to ‘panic the board’. It’s about enforcing what ESR claims are valid, pre-existing royalty rights. Whether you like it or not, a court will now decide. ESR doesn’t need to “want a deal” — they’re already litigating.
3. The lithium rights were originally part of a WIN–AWJ deal, but were rescinded and refunded. That didn't erase the original royalty deed ESR claims to hold — and that’s the crux of this dispute. Estrella is asserting those rights still apply, and they’re taking it to court to prove it.
4. Your take on ESR’s finances is irrelevant. Legal rights don’t disappear because one party has more cash. Court decisions are made on contracts and facts, not balance sheets.
In short: AWJ isn’t ‘calling ESR’s bluff’ — they’ve been served, and now they’ll have to defend.
Stop spinning fiction and check the writ before posting.
AWJ Price at posting:
22.5¢ Sentiment: Sell Disclosure: Not Held
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