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What: Great Basin Gold
So what: Expenses more than doubled to CDN$36 million causing a pre-tax loss of CDN$23.7 million for Great Basin. The company is nearly complete with its Burnstone Project in South Africa, so relief may be on the way.
Now what: Legendary investor George Soros sold shares of Great Basin this quarter, leaving me less than excited to jump into this stock. The Burnstone Project will have a positive effect on earnings and analysts are expecting positive earnings next year as a result, but there still might be better options out there. I'm following George's lead and leaving Great Basin alone today.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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