I've been in KXL for almost 1 year. I watch sentiment time of year, news, momentum, and charts (consolidating for the past 2 weeks) to get a sense for a good time to buy. I also do a lot of DD on fundamentals. I have gone to the Toronto hard asset conference last year and travelled to the San Francisco and Vancouver hard asset conferences explicitly to meet with KXL management and attend their private investors presentation. I also attended the PDAC conference. I know, as many of you do, that they started their 60,000m drill program in Jan.... results must be cueing up and I fully expect them to expand their resource signficantly over the next 3 months.

I know that insiders have purchased at these levels and higher. The last PP was at $3.70 so this is a huge discount.... etc.. etc..

As it turns out I was a couple days early. So... I averaged down today when I saw a stock alert flash by my screen at $2.06. I was very fortunate to purchase another 22K between 1.10 and 1.18. Was it hard to pull the trigger? Absolutely!

I have no idea why the price spiked in the last 1/2 hr. I suspect KXL, like the market, was oversold this week and news is imminent.

Everyone buys for their own reasons. All pennies are informed bets until we have 43-101, scoping and BFS etc... if you are not comfortable with this you shouldn't be here? I do DD to hedge my bets.

All the best and have a good Easter weekend.

mz