I think you're right wavemaster - more options will be handed out for the new and existing senior management. However, I believe those are already accounted for in the 124.7m share fully diluted number. They set up an options package with this in mind.

I would like to imagine that KXL is holding the price down to favour new options grantees, but I doubt that, as much as it will help the new staff out as things are, with the ridiculously low price. I basically think the general market doesn't realize all the hot prospects that are in progress drilling right now.

Funny to have been at the mining shows where there were so many small companies with a similar float and 50-cent shares, and yet all they had was one prospect under exploration, the same as any of 6 or 12 of Kodiak's.

tau - not a bad idea, setting the prospectors loose in the BG. If nothing else, what a great publicity item.