With Subversion 1.0.5, pwd == repo directory

% svnadmin recover .
Please wait; recovering the repository may take some time...
svn: DB_RUNRECOVERY: Fatal error, run database recovery

Same repo, using svnadmin from Subversion 1.2.3

% /opt/GEMSsvn/1.2.3/bin/svnadmin recover .
Repository lock acquired.
Please wait; recovering the repository may take some time...
svnadmin: DB_RUNRECOVERY: Fatal error, run database recovery
svnadmin: bdb: db/log.0000005159: log file open failed: No such file or directory
svnadmin: bdb: PANIC: No such file or directory
svnadmin: bdb: DB_ENV->log_put: 5159: DB_RUNRECOVERY: Fatal error, run database recovery