Episode Details

Vazirani Asset Management has made a substantial investment in Allied Gold Corporation, acquiring over 148,000 shares valued at $4.48 million, now making up nearly 15% of their portfolio. This move signifies a significant bet on gold, as Allied Gold is a gold and silver producer with operations in West and East Africa. The investment comes at an interesting time, as Allied Golds stock has already surged by 140%, and Vazirani believes theres still more upside due to the companys production scaling and revenue growth. The Kurmuk project in Ethiopia, set to start producing gold by mid-2026, further supports this conviction. Despite regional risks, Allied Golds substantial gold reserves and expanding output make it a strong play on the current gold price environment and demand for safe-haven assets.

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