Ann: Return of Capital - CDD, page-25

My understanding based on ASX releases is as follows:

“Pursuant to the Share Sale Agreements announced on 21 October 2021 for a total aggregate cash consideration of US$500m (or approximately AUD $667m applying an AUD:USD exchange rate of $0.75)”

Current exchange rate is $0.715, so that pushes the cash-in-the-kitty amount to $700m.

“Cardno intends to distribute AUD$582m (in aggregate) to Cardno shareholders (AUD$1.49 per share)”.

That should leave $118m behind in the kitty, or $0.30 per share, plus whatever IDA is worth.

Buying at current price of $0.21 sounds a good deal, or am I missing something?...