Most of its been covered, and as has been said, the population of the Island is almost to a man (and woman) British, and have always expressed a wish to stay that way.
From what I've studied in the past the Argentines never really had an interest in the Malvina's until the last century (by which time I think both the French and the UK had held sovereignty). I think the turning point may have been the possible chance of oil around the South Atlantic. I think they blew any chance of ever negotiaiting any change in sovereignty in 1982, and again, what is the attraction, considering the residents are British, and the Island is heavily mined (1982) and quite desolate.
The point of the massive undertaking of the Vulcan raids was not to create damage (initially - although the later raids were aimed at SAM sites), but to let the military Junta in Buenos Aires know that the Task Force was not alone Down South, and that the RAF could and would mount strategic and tactical operations from ultra long range if the situation dictated. Maybe more importantly, it showed that Buenos Aires itself was in striking distance from Acsension, and force the Argentine Air Force to move a proportion of its fighter force further north to protect the capital, giving the Harriers of the RAF and the FAA Sea Harriers less of a headache over the Islands...
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