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@veLLo
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I wouldn't think so. When the builder do not use a specific end piece at the end of the stay to connect to the seat cluster (don't remember the name of that part...) then the stay is cut and filled with a little plate. Here is seems that the plate is coming off, but I would be surprised if it was structural... This is something that Barry Witcomb explained to me once when he repaired my Dave Russel, around the same area.
Of course show your bike to a professionnal for peace of mind!