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I agree, actually seeing the site itself & ad placements can give us a better Idea on your campaign.
My first thought seeing that you are getting plenty of impressions & clicks is that its an internal issue, such as the actual site design, navigation, content, etc...
Then again it could be the ever so popular "Ghost impressions/clicks" from people that use traffic exchanges where your ads are located... <<~~ A reason I don't use adwords... (I hear that google has tightened the rains a bit on that issue, but, you never know..
Please supply a link & ad positions if possible so we can look deeper into your problem..
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