RE: Free crystal ball..26 Feb 2021 10:27
I sold ARB last year for 6p and thought my 50% gain was great. Luckily I wasn't too late in buying back and have done very well.
@Gill, reason is actually very similar to here in a strange way. Last year, with BTC price under £20k, ARB were making profit, when it dropped like in March etc, it went to levels that ARB were not making profit. Costs to mine one BTC coming in about $8k average. So you have a few $1000 profit which then jumps to $40k per BTC and profits are now absolutely rolling in. Margins go from non existent to over 70%. Mining capacity gets increased when no other companies can source mining equipment, ARB come out with deal after deal of expansion. Expansion with profit levels sitting sky high. ARB is actually very cheap compared to rivals.
Here I see a similar thing, Profits and margins non existent as the company start small and roll out. Then the tipping point comes which is now, tests for getting back to normal and the new governments plans for digital ID so paper documents become a thing of the past. CTEA will go from barely profitable to scaling up and being hugely profitable.
A massive sign I'm right here is the size of the trades going through. I've been here a good while since early last year at first buy and I've never seen so many large sized trades as what has been going through this week. GLA i think this has bags of potential from here.