NEXT Investors - Wise Owl, page-10

This was in a Next Investors email on Friday evening (AEST).

In our other portfolios:
Our later stage portfolio Wise-Owl just added a new investment in iron ore called Iron Road (ASX:IRD) - you can read Wise-Owl’s Friday IRD initiation note here.
I take it that "later stage portfolio" means nearer to milestone outcome because they also state
Our early stage, higher risk portfolio Catalyst Hunter is eagerly awaiting news from one of it’s biggest investments in Latin Resources (ASX:LRS) who are coming out of trading halt early this week with news of a JORC resource...