Globetech Ventures Corp GTVCF

Update from RagingBull.com

[windmere0]

12-29-03 SPECIAL UPDATE Globetech Ventures (GTVCF:OTCBB) $1.10 on 69,089 shares. On December 23rd I told our readers to get aggressive in buying GTVCF at $0.86 because I expected a lot of news after the first of the year. The stock briefly hit $1.50 as the sellers just stepped aside as there were some market orders that shot the price higher. Always use a limit order I you can. At the close Friday, there were only a few offers under $1.30, so the price should move up quickly. This week the markets will be open with full sessions except for New Year's Day on Thursday. Everyone will be back to work on Monday January 5th and that is when we should start to see a string of news releases on Globetech. All of the tax loss selling and profit taking for 2003 should have been completed on Friday. I think we will see an acceleration to the upside starting on Monday. The word I am hearing from some mining people and traders on both sides of the border is that we will see a series of news releases detailing additional details of the gold property and new members of management and the Board of Directors of Globetech. I did hear from someone who had looked at the existing geology report when the property was up for sale. His estimates were over one million ounces of gold just off the existing testing that had been done in the past. He felt that when the new geological testing starts in January, the number of ounces of gold could double or triple with more sophisticated testing that will be done by the geological team. The area where Globetech's property is located is at a lower elevation so year round operations are possible, unlike the higher altitude sights that are only available 4-7 months out of the year. I think that we see a detailed report by the geologists by the end of January. When that report is completed, the larger institutions should show their interest in the project. Unlike most of us, some institutions do not mind paying higher prices for a more detailed report on a project. I like to get my readers involved in a the ground floor, as I have done with GTVCF and CGHI, which I gave to subscribers at a 3 for 1 split adjusted price of $.06 on January 21, 2003 and the stock closed at $3.74 on Monday. That is up 6,133% in less than 1 year. Taking just 1 million ounces of gold times $400 and divided by less than 15 million shares after the purchase of the property, you get a price of around 20 times the current price. I think that my short term target of $3-5 in the first quarter of 2004 is very conservative. Trading back above $1.50 should see an acceleration of the volume and above $1.50 will start the move up to my target of $3.00-5.00 in the next 30-60 days. There are about on 2 to 3 million shares of GTVCF's free trading shares in the general public's hands. I have received so many emails from readers telling how many shares they own, that only 1 to 2 million should remain in the true float. Therefore I am issuing an aggressive buy recommendation to my readers starting at the open today. I think that if you wait until all the news comes out, you will be buying with a lot of other people and a prices a lot higher than current levels. Use this time before the end of the year to add to or initiate positions in GTVCF. I will try to have some additional information for you before the end of the week.