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Barry,
Of interest, when I flicked the right-side handlebar "safety thumb switch" (adjacent to the starter button), when I flicked that switch from ON to OFF ...... I got a spark across each spark plug !! Â Don't know if that is helpful.
SO, now what ??
Well, getting a spark when you operate the kill switch proves that your coils are capable of producing spark and that your ignition control box, aka ignition amplifier, under the tank, is probably OK.
Sadly that means that the pointers are towards your beancan. But before you rush out and buy a reconditioned one, or before you start searching for Honeywell 2AV52 or Siemens HKZ101 hall effect devices there is one further step.
There is a lead going from the beancan to the Ignition amplifier and on that lead is the infamous 3 pin connector. This connector is usually very reliable is left alone, but according to snowbum if moisture gets in you can get almost invisible corrosion on the middle (signal) pin which will stop you dead.
Read his article on how to seperate and clean that connector, bearing in mind that if it is the old cheese coloured connector on the beancan side, merely breathing on it will probably cause it to disintegrate.
This is a long shot for you as your bike started normally and then stopped which sounds more like hall effect failure than a correctable corrosion problem, but I do wish you luck.
If it is the Hall effect device and you decide to fix it, you will likely not find a Honeywell 2AV52 anywhere except for those few suppliers that sell industrial stock and will not sell you less than 100 at a time. (If you do find someone who will supply single devices let me know and I'll buy a couple for stock) Many, many airhead, K-bike and oilhead owners have replaced the Honeywell device with a Siemens HKZ101 device.
Here is a link to one (that in my opinion is way too expensive),
http://www.ebay.com.au/itm/HKZ-101-Hall-Effect-Device-Re-introduced-/390821861708?pt=AU_Motorcycle_Parts_Accessories&hash=item5afecc594cif you do this repair there are numerous "how-to" documents on the web - one bit of advice I have is to not get caught up trying to find the correct blind rivets to mount the thing, unless you already have the tool and dolly needed and have experience in using them. The first couple I did for friends I used appropriately sized screws and two nuts lock-nutted. The most recent I simply used long shank "pop" rivets - both worked just fine.
There is a feeling out there that the Siemens device is not as robust as the Honeywell, I did look years ago and I seem to recall that the specs were near identical, but the Honeywell device does come with high-temp insulation on its wires and the Siemens does not, frankly I don't think it matters much other than to be sure that you make sure that the wires cannot get entangled with the rotating bits inside the beancan.
If you mount it with screws there is nothing to stop you also using molex connectors for the internal connections - buy two HKZ101s and put molex connectors on its wires, wrap it up and put it in your tool roll, if the one in use fails you can swap it out by the side of the road.
You will read that you can go to the auto wreckers and buy the correct Honeywell device from various VW / Volvo / Audi etc cars. Lots of luck with that, even finding a wrecker breaking cars form the 80s and 90 would be a feat now and you would still only end up with a 2AV52 the same age as yours that just failed.