Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Great Basin Gold (AMEX: GBG) fell as much as 11% during intraday trading after the company released earnings.

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.

Interested in more info on Great Basin Gold? Add it to your watchlist by clicking here.

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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