The problem with your theory is that almost all golds and commodity related stocks are down - the price of gold is down, the price of oil is down and it would appear that the U.S. and others are going into recession; so there is the possibility of an ongoing downtrend in commodities. Then ad seasonality to the mix - the summer is always the worst time for PM stocks. Then ad the fact that Kodiak keeps reporting narrow intercepts as they systematically explore their property. Ad in the fact that having made a news report they are not likely to make another one soon especially during the summer doldrums. I think Kodiak is a good stock but given the above I'm worried there may be a capitulation.

Now before you get mad at me - this is a good stock (IMHO). They have an excellent property in Geralton and I believe their other properties are also excellent. (I have great hopes for their property in the Athabasca Basin.) The Richardsons are serious people and there has been no insider selling. They have cash in the bank.

The biggest problem I see is not manipulation of the stock (at this time) but rather seasonality. I feel gold will go above $1050.00 this year. Likely Kodiak (and a lot of other PM and base metal companies) will start pulling rabbits (i.e. good news) out of their respective hats as the price of gold strengthens. I continue to feel that the National Bank target of $5.50 is realistic over the next three to nine months.

Do your own DD.