It may feel like watching paint dry this summer, but there is a lot happening.
The funds are slurping up KXL, and the short interest is drying up. (Links provided below).

You'd have to be a bloody fool to stay short this stock past August. Also, 'they' now know there's a release coming out with eight drills turning. Tick tock.

National Bank of Canada coming out with its intial rec didn't hurt. Seven funds increased their holdings in the last three months while two decreased. Net change +2.9 mm shares. We will look back at that 2.9 million share net gain in fund ownership and laugh about it soon, because the numbers will get higher and higher.

As Coach247 has pointed out, it is almost unheard of to be going from sampling to drilling as fast as these guys are.

As Maher made clear in his interactive report on the site, KXL is intent on proving potential at one of the fastest rates a junior has ever done so, with 1400 square kilometers to work in.

We own stock in what is shaping up as a monster gold field in a safe, close-in district, one that already boasts multiple kilometers of parallel strike with visible gold at surface. Historically, this is a region where the high grade carries down to depth, too, as far as 1.5 km down as far as I can tell.

Take all that visible strike (plus more we don't know about yet except that we know it is coming), add in the consistent findings of gold in the drill holes we know about and more to come, and multiply it all by Beardmore-Geraldton historic depth of mines and you get the picture.

I am using this summer to lower my cost and give me the number of shares I want to own when it moves like a frigging rocket from two to ten. Hint: the number is higher than the number I want to own while it goes to 50, because I will sell enough on a quick five-bagger to pay for the rest.
Example, you buy 20,000 at 2.20. It goes to ten. You sell 4,400 to recover your principal. You own 15,600 shares free and clear. The number of shares doesn't matter. The principle does.

INSTITUTIONAL OWNERSHIP OF KXL RISES

http://www.reuters.com/finance/stock...

Institutional Holders Summary
KODIAK Exploration Ltd (TSX Venture Exchange)
Sector: Basic Materials . Industry: Precious Metals & Minerals · View KXL on other exchanges
As of 21 Jul 2008
2.03CAD
Price Change
+0.03
Percent Change
+1.50%

% Shares Owned: 13.18% # New Positions: 5
# of Holders: 9 # Closed Positions: 1
Total Shares Held: 11,663,105 # Increased Positions: 7
3 Mo. Net Change: 2,290,422 # Reduced Positions: 2
# Net Buyers: 5

SHORT INTEREST DROPPING LIKE A ROCK SHOWING THE NUGGET EFFECT:

http://infoventure.tsx.com/TSXVentur...