Just a simple thought to contribute to this discussion:

Fade the crowd!

Right now the herd is charging away from the junior mining sector. KXL could report hitting solid gold and there would just be more selling on the news. Whether you buy at $3 or $2 is just relative. I think the crowd is coming back, sooner or later. I think KXL is financed such that the company will still be around whenever the market gets around to figuring out that gold and silver prices are not going back to the bear market levels.

Now I do not dispute that the short term performance of the stock will be related to the quality of the drill results presented. But the idea that we should buy AFTER the news is better is not a great way to participate in a speculative stock. As the level of confidence grows, the price goes up.

I have no axe to grind with anyone that wants to present a different opinion on any stock, and bearish comments are fine with me.

cheers!

mike