6 month extension

If the Administrator is proposing a 6 month extension then I assume this means one of two things:
1. AZZ has sufficient cash to pay the fees for the Administrator for the next 6 months
2. The Administrator has put some of their fees "at-risk" pending the sale.

The way I read this, is AZZ has 6 additional months to sell these assets (pending approval of the NSW Supreme Court).

With the price of oil trending up, and no need to sell as a "fire-sale" assuming the 6 month extension is approved, this would appear a good outcome, one that could potentially mean that shareholders will see some return

I know very little of the VA process, so would be good to hear how someone with VA experience interprets this.