I've applied breakfree CLP (100 times better than WD40 will ever be) several times and parked it in a 40 degree garage for a few days to see if it was frozen... No cigar.
Moments ago I went into the garage and using a pick fished out a rod with a spring on it, and the metal flap and a peice of rubber, all of which were displaced and loose.
So something else I didn't find is around in there, and is physically jamming the mechanism.