Now this may or may not be the gear change issue only time will tell.
I think it is scrap, somehow got into the exhaust whilst running shallow or even skimming the mud somewhere. how though beats me....if the motor is running it has exhaust/water pushing out of that hole on the leg.
If anybody knows different and recognises this as part of a big twin dropped from higher up let me know!! Or of course if they know what it is and can confirm it is an "alien" part
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The metal is what I would call spring steel, difficult to bend although thin. It is obviously snapped at both ends and has dimples on it. It is slighly curved as though it is part of a large round hoop/strap. Perhaps a strap from a barrel or the like?