The share price isn't down on a 1.23% short. It's down because long term Pi's got screwed over by a poor deal. And the company lied about how much money it needed to raise. A deal at 8p might have been good enough to get some interest in the company but now we are stuck here until production starts.
Ok but hzm are selling 14kt of nickel in a 2.5mt market with a 10 year 100% off take agreement. Unless you think the share price will drop further on this news? I can't see it being relevant in this case.