I recognise good old Richard.

Hello,

Is it correct to use "I recognise good old Richard’ in the following context?
-Our company has been offered to merge.
-If it is who I’m thinking of, Richard must have chosen to opt out of such a partnership.
-Which isn’t surprising. You know that company is notorious for sharp practices and cutting corners. Though those who know better advised him to accept the offer, Richard said it was arguing the toss.
I recognise good old Richard. Whatever happens, he isn’t going to cave in.

Thank you in advance.

Hi Vectra,

From what I can understand of the text, the sentence - ‘I recognise good old Richard’, makes sense. It suggests that the speaker likes and respects Richard.

Alan