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Is the category of topologically free $k[[h]]$-modules locally presentable?
$\newcommand{\colim}{\operatorname{colim}}$
Let $k$ be a field (of characteristic 0, say) and $M$ be a module over $R=k[[h]]$. Recall that the $h$-adic completion of $M$ is
$$
\hat M:=\lim M/h^nM,
$$
...
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