yes it does seem like EU aren't taking their own ambitions seriously. I foresee that by having the EU CRMA delay assistance to "critical" / "strategic" ASX listed companies through writing their framework on the fly (and copying other countries mature frameworks) they are solely now relying on the Strategic Project Applications in 22nd August.
That is potentially an en-masse disappointment event, which will basically be an easy win for China, as they already have their cheque book ready.
EU will need to bring out a even larger cheque book soon - had they actually done progressive assistance 24 months ago - and supported ASX companies there would not have been been so much disillusionment or distrust with their Green Transition ambitions. Prior to the Strategic Project Application - it was considered for staggered periodic payments, small, medium, large assistance payments for resource projects (this was prior to all the info-technology scheme/scams wanting funding). Now the funding is being shared with critical minerals and IT projects.
It will be apparent to the SWF investor analysts that there will be a complete wipe out. Reason being is private investors are hesitant to jump into the EU CRMA - there are no incentives to do so. I don't see anyway to build confidence a part from writing cheques for grant funding or direct investment with such short notice. EU has squandered their time - and wasted (ASX) investors time. The EU CRMA only has 10% processing of raw materials in the EU, the ambition is too low to combat China.
I have not seen any information to suggest EU fund managers care about the ASX projects; many EU countries are spruiking their own abandoned projects, but the further I research, it seems they too have been waiting with no assistance materailising either.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)