If the valves are settled right and you have new rings, then it's down to the head and gasket.
1. Is the head cracked ?
2. Get a new head gadget ?
I'am in the UK happy to Skype don't know if time different's will get in the way????
I do have a new gasket installed and there are no cracks on the head or rest of the body.
I think skyping would be great. there is 5 hours difference between your and my time. how about over the weekend? my morning and your evening?
@Michael72
I did make sure the clearence is good after lapping. Infact if all it is probably a bit more than it should be. Last time I tested the compression I had the crankcase open. I mean does it matter? Piston rings should maintain the seal regardless if the crankcase is open or not, at least what I think.
I am going to try to add compressed air to make sure for sure that the valves are good.
Just in case if it is a ring issue, what should I do? I do stil have old ring set that I took off.
The funny part is that it was a working endinge and now...not so much. I mean the main reason why I decided to take it apart is to learn how things work and I am definatelly learning quite a lot of new things lol.