That's totally understandable. And I am agreeing with you that for tech company, you have to spend to grow, hence I raised the question why would the management locked 8m of cash into term deposit? Plus, there have been numerous report saying that the RBA is going to increase the the cash rate 4 more times this year.
so from my point of view,
1) in terms of R & D purpose, it seems inappropriate to lock the cash into term deposit
2) in term of investment purpose, it is unwise to lock into lower rate when you are anticipating more rate rise.
Anyway GLTAH and DYOR.
Ann: Half Yearly Report and Accounts, page-22
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