Ann: Response to media speculation, page-8

In layman's terms, Codelco is currently in the process of negotiating with LPI to buy out the company.
Given Codelco has been granted due dliligence means the negotiation is in an advanced stage.

Most importantly, as LPI is happy to grant Codelco assess to do due diligence, indicates Codelco's offer would be reasonable . Otherwise, LPI wouldn't be bothered to "open the book" to Codelco to do due diligence.