Ann: Writ from Estrella Resources Ltd, page-26

“Quick cash grab for ESR…”

That’s a funny take, dead wrong, but funny.

Let’s look at what’s actually happening:

ESR just raised 3 million dollars — not to stay afloat, but to fund a 90-hole RC drilling campaign at Ira Miri and Sica in Timor-Leste, starting in the next week or two. They’re targeting high-grade, near-surface manganese with DSO potential. Surface samples have already confirmed grades up to 58% Mn.

Now here’s the part you left out: the raise was financed by AWM Holdings FZCO — the largest manganese exporter in the world. They didn’t just buy in — they paid a 7 percent premium to the last trading day before the raise. That’s not desperation. That’s a strategic placement backed by a global powerhouse.

Six months ago ESR had a market cap of 8 million. Today it’s 63 million. That’s an 8x re-rate — and drilling hasn’t even started yet. If they hit what’s expected in Timor, it’s not unrealistic to see ESR push past 600 million in value. That’s around 30 cents a share.

Meanwhile, over at Munda...

Auric is about to disturb lithium-bearing material while mining gold — and ESR holds the lithium rights. If lithium is encountered or disturbed, the court has already ruled that Auric is responsible for processing it and paying royalties to ESR. This won’t end in a courtroom showdown. It’ll end with a cheque, a non-disclosure agreement, and everyone moving on.

So no, this isn’t a “cash grab.”

It’s a tightly held company, cashed up, with a drill campaign about to begin, targeting high-grade manganese, backed by the biggest manganese shipper on earth, and sitting on a legally enforceable lithium royalty at Munda.

You can keep pretending ESR is desperate.

The market, the investors, and AWM Holdings know exactly what this is.