RE: Putting trust in Tye Burt - The real messageRegarding his wheeler-dealer image, “I suppose one could have that view,” Mr. Burt, 53, said in an interview this week. “I prefer to think of it as we have a relentless search for value, and I won’t apologize for that.”
Real message : “I prefer to think of it as I have a relentless search for value for me and my friends, and I don't care about the others (shareholders).”
The company’s bottom-line message for shareholders: Trust Tye.
Real message : “The company’s bottom-line message for shareholders: Don't Trust Tye, he is a bank(st)er.
“We are fundamentally driven by what we can do for our shareholders and how we can create value.
Real message: “We are fundamentally driven by what we can do for our best friends and how we can create value for them. Our shareholders are just a heard of ... (you can use any word you want).
“We are not following conventional wisdom.”
Real message: “We are playing another game" (let your imagination fly and you will find the answer)
“Tye is saying, ‘I know it appears dilutive on the surface, but you’ve got to trust me.’
Real message: “Again, trust me" ???
Mr. Burt is thinking big as well. He is seen as more aggressive than other gold company CEOs, willing to step into areas others fear to tread and doing deals others wouldn’t dare for fear of shareholder revolt.
Real message: “We have money, we can buy anybody, that's why we invested in areas in the world where the others don't dare to do it."
“Frankly, you don’t go and spend $7-billion on an acquisition without doing your homework,” Mr. Burt said.
Real message: “I don't spend 1 cent, I will use my printing press to get the job done. (Ben "Helicopter" Bernake was a good teacher for us, the bank(st)ers").