SOURCE: Wall Street News Alert

Wall Street News Alert

May 03, 2010 08:33 ET

Wall Street News Alert: Trade Alert: SAEI - May 3, 2010

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding

WESTON, FL--(Marketwire - May 3, 2010) -  Wall Street News Alert's "stocks to watch" this morning are: Supatcha Resources Inc. (OTCBB: SAEI), Alcoa, Inc. (NYSE: AA), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Goldcorp Inc. (NYSE: GG).

Friday after the markets closed, Supatcha Resources Inc. (OTCBB: SAEI) issued a press release announcing that it has entered into a letter of intent with Derzhnagldo Polymetals to Acquire 98% interest in the mining claims of their property in Odessa Oblast, Savaransky District, Southern Ukraine. The agreement is binding and subject to a number of conditions, including financing and due diligence.

The terms of the agreement involve Supatcha paying the owners of the property a total of US$3,500,000 of which US$200,000 will be paid as a non-refundable deposit, with the balance to be paid within 45 days of the signing of the Letter of Intent after which Supatcha will own 98% of the mine (including all of the capital equipment) and the mineral concessions. Supatcha has also agreed to invest a further US$2,800,000 in expanding the current operation over the next year. The deal is subject to a 45 day due diligence period during which time Supatcha will carry out additional surface sampling and a limited diamond drill program.

Mr. Andrei Yasinskij, Chief Geological Advisor for Supatcha commented, "This acquisition, once complete, will mark a major step forward in Supatcha's evolution and will establish the Company as an important gold company in Ukraine. We believe that the current mine and processing plant can be expanded during 2010. The mineralization at the Maiskoe property is a very attractive target which is amenable to open pit mining methods. We look forward to completing an aggressive drill program as soon as possible in order to determine the size of the mineralized system.

The property was explored previously by a number of companies and previous drilling indicated geology finds that are favorable for a potential large Gold deposit. The initial drilling done in 1999 indicated gold mineralization in a number of drill holes. In the year 2001 a magnetic/electromagnetic geophysical airborne survey was conducted over the property identifying several areas of interest. It was recommended that a drill program for a total of 2000 meters be undertaken.

The stock closed yesterday at $1.70 a share.

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Alcoa, Inc. (NYSE: AA) down 2.1% on 29.3 million shares traded.
Alcoa, Inc. is one of the world leaders in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation in all major aspects of the industry.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) down 2.8% on 12.2 million shares traded.
FCX is a leading international mining company with headquarters in Phoenix, Arizona.

Goldcorp Inc. (NYSE: GG) up 0.8% on 9.3 million shares traded.
Goldcorp is the lowest-cost and fastest growing multi-million ounce gold producer with operations throughout the Americas. Its gold production remains 100% unhedged.

Market Commentary:
Oil rose above $86 on the GDP report and on growing concerns that a spill in the Gulf of Mexico will affect supply. Oil rose 98 cents to settle at $86.15 per barrel on the New York Mercantile Exchange.

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