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About 6mm tall.
If only they were much bigger they might resemble morchella or gyromitra. White folds externally and a distinct pink tint at it's centre.
Hoping for a spore print tomorrow.
Update - zero spore print.
Growing from the crevices of a treefern stem in a local rainforest nature reserve..
Zero spore print supports the idea that this is an anamorph (asexual form).
"The "anamorph," or asexual stage, of Xylaria cubensis looks quite a bit different from its sexual stage. Though the anamorph was recognized previously by some as a separate species, "Xylocoremium flabelliforme," current taxonomic rules require sexual and asexual stages to be treated as one taxonomic entity. The anamorph appears in winter, spring, and early summer, and looks a bit like soggy cotton candy on a tiny stick."
Full discussion here from Michael Kuo noting contributions from an old PN entity 'Fluffberger'