re: is it a good investment?

hi everyone
im quiet new to this website - infact this is my first post here - i bought 45000 nido @ .18 with a long term view (<12months ..i know its not too long but still long enough..lol) i havnt been following this stock for a long time but since i saw it - i liked it! read the annual report..price history.. found it quiet cheap - and heres my reasoning -
based on a eps of .72cents PE is less than 1.
started producing oil - oil prices risen from $35 to $60
getting steady orders -
looking for a strategic partner - next yr revenues should be more than 50million (5times current yr's)
and when they raised capital last yr - they sold shares at .50cents - now obviously when the investors bought the shares - they had long term view (oil was around $80) ..since then a lot happen but no change in nido's fundamental... in my personal view the share valus is around .60cents at a trailing pe of 12 and oil prices settling at $65.00
now board members i might be wrong and would appreciate any feedback -
also i trade through cmc markets and have a cfd trading account..jus out of curiosity does anyone trades cfd for this stock? thanks again!
cheers!