ON "CARR-BOYD 2.0"YOU LAUGH AT MY CARR-BOYD 2.0 TITLE, BUT LET'S...

ON "CARR-BOYD 2.0"

YOU LAUGH AT MY CARR-BOYD 2.0 TITLE, BUT LET'S LOOK AT THE FACTS. WHEN NICKEL PRICES WERE HIGH, ESR HAD A GOLDEN OPPORTUNITY TO ALLOCATE FUNDS FROM REGAL AND DEFINE SPARGOVILLE, TAKING ADVANTAGE OF THE LOW-HANGING FRUIT. INSTEAD, THEY SQUANDERED FUNDS ON A DRILLING PROGRAM THAT WAS POORLY PLANNED AND EXECUTED.

THEY MISSED A GOLDEN OPPORTUNITY TO ESSENTIALLY FREE-FUND THE EXPLORATION OF CARR-BOYD. BUT HEY, MAYBE YOU PREFER WATCHING OPPORTUNITIES SLIP AWAY—YOU DO SEEM TO BE A FAN OF NONSENSE.

ON "OWNING THE COMPANY"

YOU SAY I TALK LIKE I OWN THE COMPANY—WELL, NEWSFLASH, AS SHAREHOLDERS, WE DO OWN THE COMPANY. CLEARLY, YOU DON’T UNDERSTAND HOW PUBLICLY LISTED COMPANIES WORK.
WE’RE THE ONES WHO PUT UP THE MONEY, AND GUESS WHAT? CHRIS AND THE BOARD WORK FOR US. IF POINTING OUT THE OBVIOUS MAKES ME SOUND LIKE THE “BIG BOSS,”

"YOUR RESPONSES ARE ILL-THOUGHT-OUT DRIVEL"

YOUR RESPONSE IS FULL OF NOTHING BUT HOT AIR AND NONSENSE. YOU DROP NAMES LIKE "GARY, JOHN & TIMOR MICK" AND EVEN A 1974 FORD FALCON—WOW, SO INSIGHTFUL! IF THAT’S THE LEVEL OF DETAIL YOU'RE IMPRESSED WITH, NO WONDER YOU’RE CONTENT WITH THE RADIO SILENCE FROM DAWS AND THE BOARD.
YOUR CONTRIBUTIONS TO THIS DISCUSSION ARE ABOUT AS USEFUL AS A CHOCOLATE TEAPOT.

ON "ANSWERING QUESTIONS"

WHEN ASKED FOR SPECIFICS ABOUT THE DRILLING PROGRAM, APPROVALS, AND FUNDING, YOU RESPOND WITH JUVENILE GIBBERISH. IT'S CUTE THAT YOU THINK YOU'RE ADDING VALUE, BUT IF YOU'RE SATISFIED WITH THIS KIND OF "COMMUNICATION," THEN I GUESS YOU'RE IN EXACTLY THE RIGHT COMPANY—IGNORANCE LOVES COMPANY, DOESN’T IT?

ON "SATELLITE" AND INSTAGRAM

YOU COMPARED ME TO “SATELLITE” AND SUGGEST CHRIS BLOCK ME ON INSTAGRAM—ADORABLE! EXCEPT HE ISN’T EVEN ON INSTAGRAM. HE’S ON X (FORMERLY TWITTER), AND HE ALSO POSTS FOR ESTRELLA RESOURCES.

ARE YOU EVEN FOLLOWING THE RIGHT PERSON, OR ARE YOU JUST MAKING THINGS UP AS YOU GO? WHAT'S NEXT, YOU GONNA TELL HIM TO UNFRIEND ME ON MYSPACE? MAYBE SOCIAL MEDIA ISN’T YOUR STRONG SUIT
TRY STICKING TO SOMETHING LESS CHALLENGING, LIKE COLORING BOOKS.

IF YOU DON’T LIKE IT...

YOU SUGGEST I SHOULD “DO WHAT ELVIS DID AND LEAVE THE BUILDING.” MAYBE YOU SHOULD TAKE YOUR OWN ADVICE IF MY QUESTIONS ABOUT OUR INVESTMENT MAKE YOU THIS FLUSTERED.

CONCLUSION

IT SEEMS UNLIKE YOU, I WANT TO SEE ESR SUCCEED. THAT MEANS HOLDING MANAGEMENT ACCOUNTABLE, NOT BLINDLY CLAPPING ALONG TO EVERY VAGUE STATEMENT OR ROCK CHIP SAMPLE ROLLED OUT. IF ASKING QUESTIONS MAKES ME “ACT LIKE THE OWNER,” THEN FINE—I'LL GLADLY BE THE ADULT IN THE ROOM. IF YOU PREFER TO KEEP YOUR HEAD IN THE SAND, THAT’S YOUR CHOICE—JUST DON’T EXPECT ME OR OTHER SERIOUS INVESTORS TO JOIN YOU IN YOUR HAPPY PLACE.

THE CLOCK IS TICKING. IF YOU'RE SATISFIED WITH MEDIOCRITY, GO AHEAD AND ENJOY YOUR PARTICIPATION TROPHY. BUT I, AND OTHER INVESTORS WHO ACTUALLY CARE, EXPECT MORE.