Gunns has previously told the stock exchange that it plans to use the timber from the plantations to ensure its Tamar Valley pulp mill is 100 per cent plantation based.
But Pulp and paper analyst Robert Eastment says Great Southern’s receivers will consider the possible sale of land and trees.
“If that is the case then the management of the trees, or the responsible entity with Gunns, may or may not go with that so there’s a degree of uncertainty at this stage,” he said.
A Gunns spokesman says the matter is up to Great Southern investors.