increased price target $0.54, page-10

Guess you can only call it as you see it - getting wedded to a stock/story has its own dangers, I know what you mean.

The implied volatility is dropping as the price increases and so the level of very hot money is falling as traders look for more bang for buck, you can see it through the volumes.

I thought the register was definitely on the improve based on the last release; more instos creeping on to balance out the mix.

The number of the shares on issue is a hard one, 1.2bil is a lot. Combinations typically destroy value but then they flush out the rest of the hot money. At this stage of the company's development, while it is in the resource aggregation/development scoping stage, is where the real value accretion occurs so would you take the momentum out of it by doing a combo? Probably not.

Companies consistently have to keep getting it right to justify an increasing MC - don't think SEH is alone there. It might just come with a little higher volatility.
With any luck SEH doesn't give you a reason to sell.