I have a .308 Ishapore that I've never shot, mostly because (I think) the safety acts funny. The only other SMLE I have is a .22 trainer, so I don't really have much of an understanding how these things are spoda work. This is what happens:

Cock the rifle and pull the safety lever back. Bolt is now locked.
Pull the trigger and you can hear the sear release. The safety lever moves back a mm. or so. I'm pretty sure this is a bad thing.
If I push the safety lever forward, the cocking piece jumps forward about 3/8" but not (I don't think) far enough for the firing pin to protrude. In order to clear this I have to pull the cocking piece back to the full cock position.

ANY ideas?
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