Call me old fashioned and unhip but it seems to be missing the mud guards, or it that because it's not going to be ridden in the wet - still don't understand this fashion for not having mudguards.
Raleigh Magnum
Interesting transformation.
I still have my Magnum from my 16th birthday.
Unfortunately I snapped the derailer off when adjusting the gears some years ago. I replaced it with one from a friend but would love to restore it to it's original glory. As you've striped yours off...