I am unsure how a company can announce a completed placement on...

I am unsure how a company can announce a completed placement on 5/2/19 and then only release 2*3B's with under 50% of the 61+m shares issued.

On 21/2 AEE releases the SPP and says: The Company expects the second tranche on or about Friday 1 March...

https://www.asx.com.au/asxpdf/20190221/pdf/442tg9lhm92sps.pdf

More than 2 weeks later... crickets.

Meanwhile, the SPP closed last Friday and still no announcement.

Why would anyone participate in the SPP at 0.016 when you can buy on market for 0.012-0.013? Because of some free oppies? That would give a value of 0.004 per oppie which is well overs at the current SP.

For those interested in hydrology of Mauratania, it is well worth reading this document. I read it months ago when I suggested water may be a problem. What has transpired since...

https://pubs.usgs.gov/of/2008/1138/pdf/OF08-1138.pdf