I have been telling friends and family members to buy this stock aggressively when it was trading below $1.80. The stock might break $2.00 next week but, could pull back and test $1.85 -top line of wedge-which I believe will be the last -bargain opportunity- to buy the stock. I have been a long term holder of Great Basin Gold and I believe by the end of the year we can see GBG trading close to $3.00. Warrant are coming due in October,..watch to see how it affects the stocks. GBG I believe is a take over target. Just like Iamgold lagged for a few years,..GBG is getting ready to shine. -see article below-

I also own shares of Husky Energy-HSE. Husky Energy Inc. (TSX: HSE) is pleased to announce that its Board of Directors has declared a quarterly dividend of $0.30 (Canadian) per share on its common shares for the three-month period ended June 30, 2010. The dividend will be payable on October 1, 2010 to shareholders of record at the close of business on August 20, 2010.

Husky Energy still pays a very attractive dividend. The stock is very close to it's 52wk low and has been bouncing off these lows lately. I don't expect to a see a break down below the 52wk low. I have been increasing my position at current levels. Under $25 it's a great buying opportunity plus it pays a nice dividend. The company did mention that they will probably be spinning off their Asian offshore assets.

“We’re evaluating whether a spinoff and a separate listing of our Asian assets represent the best way to maximize value for shareholders,” chief executive officer Asim Ghosh said on a conference call Wednesday. The decision is now expected by the end of the year. (Bloomberg has more here.)

One thing to remember is that Hong Kong billionaire Li Ka-Shing is the biggest shareholder of Husky Energy. I still believe that Husky Energy is a very attractive take over target. At current levels the stock is cheap.

Great Basin Gold -Article

Here is the article -it's also available on the website -Seeking Alpha.com
http://seekingalpha.com/sector/gold-precious?source=secdash_sb

Finally after a season of consolidation and the stock prices reflecting the uncertainty about the contruction progress at their South African Burnstone mine, Great Basin (GBG) broke out of the indecisive wedge pattern in anticpation of good results for the 2nd Quarter to be reported on August 11, 2010.

See the chart below for the wedge and the breakout from the wedge.

(Click to enlarge)

Figure 1 - GBG Chart for 2010: Note the break out from the wedge formation. Also note that the money flow subchart has been positive all this year. Big money (read institutions) are accumulating.

This breakout may mean a positive decision by the institutions that have been accumulating this stock all year. See the CMF subchart above indicating the money flows of accumulation. Management indicate that 80% of GBG stock is held by institutions.