I would try tapping the stator case with a small rubber hammer.
To do the job properly, you really need to remove everything from the timing cover.
Again, this would allow you an excellent opportunity to examine the timing parts. Not a bad thing to do for a bike with an unknown history.
It would make painting the timing cover much easier, and give you more satisfactory results.
I would buy a tool to remove the rotor. They are not expensive, and will save you A LOT of grief, as opposed to buying a hardened fastener and cutting it up. If it breaks in there in the removal process, you have a real mess on your hands.
Properly done, it is no big deal. But the rotor does pop-off rather unexpectedly, so be ready!