Welcome to the forums mrmOto,
Hope you enjoy joining in with the banter - generally this is a really great bunch of knowledgeable people here.
Good luck with the bike project - it's always good to here about someone looking after a Raleigh. Great bikes made (mostly) in my home town of Nottingham.
Cheers,
Ed
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Get a bicycle. You will certainly not regret it, if you live.