Tiny lots under 500 driving the price all over the damn place. I think Cannacord was on of the biggest culprits when they drove us into the ground to pick up that 10k at 2.37 earlier.

It is true though that thinly traded days do not reflect the value of the company. As it was stated in the National Bank analysis, I believe they valued KXL around $2.20/share based mostly on the assets and cash they have right now (and I think 1-1.5m inferred oz). Imagine what the shares will be worth when they actually start proving up a viable resource :D

I'm not sweating these days at all, don't forget there is still the potential for 2 other spin-off companies for the longs too. Whether they build them into something significant is another story but they seem to be doing everything very systematically and professional IMHO.
Don't forget, our CEO already has a proven track record of taking a small company (West Coast Energy if I remember correctly) from a 50m market cap to a 15B in a short period of time.

That's the mindset and scale these guys are working on, not some rinky dink typical junior hoping they can swindle a major producer into buying moose pasture.
Just my two cents.
Cheers.
Gamblor.