Ann: Exploration Project Update, page-14

The way I look at it is. People like myself who invest money into penny stocks know the risks and hopefully can afford to lose that money otherwise stay well away from this end of the ASX. Now let's get realistic about how many of these penny stocks actually make it. Not many.
Even the most seasoned traders experience loses and don't get it right.

At the end of the day IMO the risk with SRN is worth it. Perenjori high grade Fe project which they are in talks with a potential off take partner and they are drilling to increase the resource.
Yidby gold project which has had good results to date drilling continues and 6 Diamond core holes to be drilled and more RC drilling planned
Victory bore vanadium: mining licence application lodged, 4000 m RC drilling to start and results from the Diamond core to come.
These are not fluff announcements these are progress announcements to keep their SH informed.
I agree with some comments regarding past announcements from years ago definitely fluff announcements but comparing now and back then is a bit harsh. Back then we were backing 1 horse now we have 3 horses running with 2 favourites (vanadium and Magnetite)
and 1 outsider with a lot of potential Yidby.
same trainer but 2 new horses.
There is plenty of other stocks to bet on if you are not happy.
GLTAH