Chewing Gum-like Fungus?

Chewing Gum-like Fungus?

Observation - Chewing Gum-like Fungus? - UK and Ireland. Description: On stump of Beech tree. Distinctly rubbery. Smell of mushrooms. It took me a few minutes to persuade myself that it was not discarded gum!!!

On stump of Beech tree. Distinctly rubbery. Smell of mushrooms. It took me a few minutes to persuade myself that it was not discarded gum!!!