Hi Melen100I guess that’s the risk we take investing in penny...

Hi Melen100
I guess that’s the risk we take investing in penny stocks.
I know the stock you are referring to which we won’t name here. I’m embarrassed to admit it that I also hold a very small parcel of it too. I got suckered in and saw it as a high risk nearology bet at best. Lesson learnt.
With all respect, I see absolutely no comparison between the two companies. You can argue RIL is a lifestyle company based on the last decade but the business has really transformed from an explorer to a battery material recycler looking for feedstock contracts with a licence to do so Europe all in only a couple of years during a Mother of a down turn.
The unnamed company we are using for comparison is run by a bunch of crooks which I really hope one day are dealt with by asic. Yeh fat chance I know!
Im not giving advice. I just wouldn’t let one really bad invest cloud what could be a good long term investment.
All my opinion and not intended as advice mate.
All the best
HP