First of all, do a compression test (record the numbers) so that you can compare to the numbers you'll get after valve adjustment.
Second, get a proper set of feelers that go down to 0.0015 inch, and verify current clearances (measured when the cam is facing away from the shim). If you can't even get the samllest (0.0015 inch) in, then you know you've got effectively zero clearance - BAD (and very common on our old, uncared for bikes).
Third, get a proper manual (Clymer is usually decent) that will walk you through the adjustment process. Also, see the many posts on this site that have lengthy descriptions on how to do it - use the search feature.
Fourth, re-check compression and compare to values recorded prior to valve adjustment - you may have hugely improved numbers. If compression is still low then you've got bad rings or burnt valves, etc.
Let us know how it turns out.
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