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Maybe a Favolaschia species.
This looks almost like my spotting....http://www.projectnoah.org/spottings/9346080 tnx for identifying it as fungus, I wasn't even sure about that!
great pattern - I like the way it wraps around the twig. Would like to see the upper side. Could it be Favolaschia pustulosa ?http://www.flickriver.com/photos/nzwild/...endemic to New Zealand but also found in mainland Oz - NSW and Qld.Lovely spotting !
Spotted on May 6, 2012 Submitted on May 16, 2012
and 6 other people favorited this spotting
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