ANOTHER POSSIBILITY (correction) I had a great discussion with some one who heavly invested in both SGC & NSU and he recently returned from his travel in Eritrea. He told me something that I never thought about it and with his permission let me share with you the other possibility...
Nevsun can takeover Sunridge with out spending a penny with great partcipation of ENAMCO. NSU & SGC can merge with stock swap that serves to both shareholders interest. Nevsun could offer something like 10:1 ratio which translates 10 shares SGC equivalent to a 1 share of NSU. Currently NSU have 200 million outstanding shares with $500 million working capital and based of the above deal it needs to add/dilute only 30 million shares of SGC to it's oustanding shares. As part of the deal, if both CEOs agree that joining together is in the best interest of both of their companies, then SGC managment could keep their job even with the better salaries by joining the rank of NSU managment. Then as ENAMCO desire to see the full production of Asmara project asap, NSU can use their cash flow from bisha to finance Asmara project to full production within 1-2 year time frame with out touching their $500 million working capital. Then as NSU promised to their major shareholders, they could acquire another company somewhere else to diversify their investment geopolitically. This deal would be the best win-win strategy for all parties involved NSU, SGC & ENAMCO and most of all to both shareholders. If this happen, temporarly NSU may go a little bid lower from currently $4.40 canadian a share, but within a short period of time it easily would be above $10 as the result of expanding thier operation and most of all by adding this huge asset of SGC to their basket. I think ENAMCO will pressure both companies to agree to this term and the state owned company will be very happy not only to work with NEVSUN on Asmara project but to explore the huge high gold deposit in the area where SGC has mining exploration licence. As a shareholder of both companies I'm very excited to see this happen and I'm pretty sure something big will happen as soon as SGC obtain their mining licence and for sure the Chinese are on the board but this time they are not getting SGC since they missed their opportunity earlier.
I will leave you here again with a quote from Gold Newsletter...
"While the company is rapidly advancing toward production and has a clear path ahead, it is very likely that it will be bought out now that most of the risk has been eliminated. Chinese groups are prime candidates, as the nation is aggressively investing in Africa. Another potential buyer would be Nevsun, which has over $400 million in cash and is well invested in Eritrea. Eritrea is, surprisingly to many Western investors, a great place to invest, with a superb track record (see Nevsun and its Bisha project) and great respect for the letter of the law." Gold Newletters August 2014.
All the above is my opinion except the Gold Newsletters quote.
Lucky.