"Are they a stalking horse for RRL?"
Here is an article from this year on Emerald Resources gloating about them having RRL's ex-COO Morgan Hart as MD.
https://unauthorised investment adv...-take-a-closer-look-at-emerald-resources/amp/
Mr Kestall and Mr Pynes held a swag of shares in Emerald as non-executive directors but resigned in 2014 so obviously would have probably known Mr Hart.
https://www.asx.com.au/asxpdf/20160930/pdf/43bn3352jb5z4p.pdf
That is the first tenuous link I could find between these these gentlemen and Regis. Not very convincing but a start. I'll keep digging. Esh