Good call on the SP action, people sitting on their hands. One good thing is that a lot of stock has changed hands at higher prices, so that eases the selling pressure a bit, e.g. from people who got burned by Caribou in '06.
We've all been waiting for a NR, but I can understand KXL waiting on that. They have drills turning (to my knowledge - anyone have ground truth?) but results from those won't be instantaneous. So rather than have a big gap in news after issuing a NR right now, they may be spacing it out a bit.
Overall Kodiak has been very wise about their PR. Add to that that their land portfolio is wisely selected and they have real money being spent on real exploration. I sound like a salesman!
Reality is that it's an early-stage exploration company, so it's too early to be prices like ARU or something like that. But it could be NOT soon.
I am planning on working up to not even looking at the SP for 3 days at a time. Watching a pot slows down the boil.