Couple of things you can check :- there is a switch for MMA/Stick, it is the
"Contactor local/remote" switch, top left, local is mma, remote is triggered by
the torch switch, turn HF off and put into local, check for OCV, 70 volts ish.
Try moving the "Polarity Straight/Reverse" and "Range High/Low" switches up and down a few times, the blades on those switches can get dirty and give a bad contact.
There is no Contactor in that machine as such, the main pcb fires the Thyristors to get OCV when it recieves on signal from switch in Local or trigger pressed, this signal goes into an Optocoupler which in turn starts firing pulses to the Thyristors. Very common for that Optocoupler to fail. Shows as HF on, Gas on but no OCV.