Green Polyps reproducing?

[Limpit]

I have a piece of old coral skeleton that is encrusted with Purple Green polyps. Today I looked in and saw that there was a transparent mucus like filiment material that has small purple (same color as the encrustment) colored dots in it that looks to be floating around the coral. Here is the best pic i could get:

It is kept in a 125 gallon tank with 260 watts of PC lighting.
S.G. is 1.025
Temp hovers around 80 degrees
Nearest coral is a Candy Cane that is 6" away but there is also a couple of mushrooms that moved in on their own close by.
Any idea that this mucus like material might be? If it is multiplying then maybe I should suck out the material and transfer to another tank maybe?
Thoughts please?
Thank you

 

[EricHugo]

you got it. reproduction, and another record for the annals. Watch the next few dats or nights, and again the same time next month, and again next year. Please update! Congrats.

 

[Limpit]

WOW, that just made my day.
Thank you Eric for the conformation of the good news.
CIGARS FOR EVERYONE!

 

[Limpit]

<a href=showthread.php?s=&postid=5531694#post5531694 target=_blank>Originally posted</a> by EricHugo
you got it. reproduction, and another record for the annals. Watch the next few dats or nights, and again the same time next month, and again next year. Please update! Congrats.

Eric,
As per your request I am posting an update with another spawning on 2-16-06. There may have been others that I did not see this one I recorded with pictures.

This is the same colony that spawned the last time and I have several other areas of the tank with GSP colonies but I have never seen them spawn.

 

[Limpit]

Just spawned again today 3-3-06, trying to figure out what its cycle is.
15 days between seems so short but that's what it would be.
Does anyone have any info on what the cycle normally is?
I think I may set up a spare 10 gallon tank, suck up some of the cysts with a turkey baster and put them in there and see what happens.