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Hi Mike,

Yes, China is definitely a concern for our AP investment. Actually, for our ZINC investment as well.

I'm keeping an eye on it and I'm reading as much as I can to stay current. I would say the China situation is one reason that both AP and ZINC are so "cheap". The question is - value investment or value trap. For now, I think they are both value investments.

I continue to monitor both investments carefully and will certainly communicate any new thoughts that I have.

Best,
Ron
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