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Microcap & Penny Stocks
Asia Sapphires Ltd.(APL)

An SI Board Since March 1999

Posts	SubjectMarks	Bans
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Emcee: Stuart Carmichael	Type: Unmoderated

Introduction Compact

Proberly the largest Sapphire mine in the world and the price is under $1.00.

My due diligence took me to a number of Jewelery stores this weekend. I was given several Gems to confirm the Companies claims of quality Sapphires. The Sapphires are well above average Gem quality. Also I was impressed by the size and force that Swarovski has in this market (See news release on the deal with Swarovski).

Attention Business Editors:

Asia Sapphires Limited - Austrian gem processor enters contract with VSE listed sapphire miner

VANCOUVER, Feb. 25 /CNW/ - Asia Sapphires Limited (APL), a Vancouver
listed resource company has announced that its wholly owned subsidiary, Gem
Mining Lao PDR (GML) has entered into a forward sales agreement with Austrian
based gem specialist D. Swarovski & Company.
Gem Mining Lao PDR operates a number of mining areas in a concession in
the sapphire rich province of Bokeo, North Western Laos.
The contract with Swarovski stipulates a minimum supply of 1.8 million
preformed stones per year, and allows for an open ended maximum supply.
Preforms are hand cut from rough sapphire for subsequent processing by
precision machines in Swarovski's Austrian works. The final product is
extremely high precision, high quality sapphire.
The actual amount of sapphire to be delivered to Swarovski is open ended
and will reflect the capacity of the new mining plant now under construction
and which is set to more than double the company's present 2,100 cubic metres
per day alluvial wash production.
Swarovski will invest a total of $US1,993,000 in GML, via its forward
sales agreement. This investment will take place over the next three months
and is timed to coincide with the completion of the expanded sapphire
processing plant. That plant is presently under construction by Lao Thiess
Construction Company Limited, the Laotian subsidiary of Leighton-Theiss.
On the back of the forward sales agreement, Swarovski has also entered
into an option agreement to take up 2,000,000 of Asia Sapphire's shares at a
price of $US1.40 per share. The option is over shares belonging to existing
shareholders. No new shares will be issued to accommodate this option.
Mr. Jeppesen said the new factory would relieve pressures on work space
in the company's number one and number two factories, while allowing a more
rational development of production cultures at the three sites.
''We really have three separate kinds of stone production activity,'' he
said.
''Pre-forming for very high end cutters like Swarovski; production of
very high quality gem stone for the finished jewellery market; production of
high consumption commercial stone for the mass production jewellers.
Separation will facilitate processes and controls, tailored to each kind of
operation.''

Signed

Bjarne Jeppeson Linsday Birrell
President and CEO Executive Vice President
and Director and Director

Asia Sapphires Limited
6-10 Sihom Road, Vientiane, Lao PDR Phone +856 21 213293
email gemlao@loxinfo.co.th Fax +856 21 216134

Our representative office in Vancouver is in care of Messrs Blake,
Cassels & Graydon, Barristers & Solicitors, Suite 2600, Three Bentall Centre,
595 Burrard Street, Vancouver, B.C. Canada, V7X 1L3 to the attention of Mr. R.
Wooder, telephone +604 631-3333.

-30-

For further information: Mr. R. Wooder, Messrs Blake, Cassels &
Graydon, (604) 631-3333

ASIA SAPPHIRES LIMITED has 3 releases in this database.

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
11	Looks like the truth about this company and the activities of the directors is	S.Carmichael	-	10/18/1999
10	Stuart, have you any idea when APL will come back to trade?	Coho	-	7/26/1999
9	I see that there is a cease trade order against Bjarne Jeppesen (President and	S.Carmichael	-	6/30/1999
8	There is something not quite right about the news release. I have been trying t	S.Carmichael	-	6/23/1999
7	Stuart, what is your read on the latest news release? VANCOUVER, May 10 /CN	Coho	-	5/11/1999
6	Most people I have talked to are of the opinion that mining in Loas is a better	Stuart Carmichael	-	4/6/1999
5	Stuart, thanks for the advice. I suggest you do a little geography homework yo	Coho	-	3/8/1999
4	Asia Sapphires has a large producing mine and has tied-up a large area in Loas	Stuart Carmichael	-	3/6/1999
3	Stuart, I also own another Gem company, Anglo-Swiss,ASW.V. Recently while doi	Coho	-	3/5/1999
2	This is an option only. Swarovski will only buy in if the price is above $2.10	Stuart Carmichael	-	3/3/1999
1	Stuart, very interesting. Could you explain to me? On the back of the forwar	Coho	-	3/2/1999

Go to reply# or date (mm/dd/yy):