From my perspective, things are a lot more simple than that.

I believe recent activity on KXL is related to:

(a) General summer slowdown of markets.

(b) Specific selloffs today on the big board which spreads throughout the entire Canadian system.

(c) People just getting too, too involved in the delay of any news release.

With respect to the news issue there is a real hysteria starting with some of our fellow venturers which is really unfortunate. It would almost be better if we were subject to an extended halt. In that case theories could be explored ad nauseum but no one would be able to be stampeded into any kneejerk reaction.

Everyone needs to take a breath. Think mellow. The bets are placed and the wheel is turning. Lets just see where the bouncing ball lands. To extend the routlette wheel metaphor, yes you can end up with "el zippo" buttttttttt you can land a nice 35 to one return as well.

Onward and Upward